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• <br />Tax Appeals Available <br />Property owners can contest their 2003 market value or classifiication of their property <br />(on which their~2004 taxes are based) by filing with the Minnesota Tax Court on or <br />before April 30, 2004. The Tax Court. has two divisions -the regular division, whose <br />decisions may be appealed, and the small claims division, whose decisions are final. If <br />the property is homestead, the appeal can be made to either division. Property owners <br />were previousiygiven.the opportunity to appeal their values administratively, when , <br />value notices were mailed in March or at the County Board of Equalization in June. <br />The only other way that 2004 taxes can still be changed is by reducing the property tax <br />levy itself. By attending the TNT hearing, taxpayers can recommend reductions in each <br />taxing authority's 2004 tax levy. If the final levies are reduced from the proposed levies, <br />property taxes will be reduced accordingly. ., <br />Property Tax Relief <br />In 2001, the legislature provided for enhanced property tax relief. This will be especially <br />important given the expected increases in property taxes for 2004. We will be <br />emphasizing the availability of this program more as we get closer to releasing final <br />2004 tax statements: <br />The legislature provides several different types of property~tax relief. The homeowner's <br />and renter's rebates are given to taxpayers whose property taxes are. disproportionate <br />to their income. A targeting refund is also available for homeowners whose taxes <br />increase by more than 12% from the prior year. No income limits apply to this refund. <br />Property owners file for the refunds using state form M1-PR that is sent out with state <br />income tax instructions. The M1-PR form can also be obtained several ways. They are: <br />• at post offices, libraries and most banks; <br />• calling the Minnesota Department of Revenue at (651) 296-3781 <br />• on the Internet at: http://www.taxes.state.mn.us; <br />• or by writing to: <br />Minnesota Tax Forms <br />Mali Station 5510 <br />St. Paul, MN 55146-5510. <br /> <br />~~ <br />