12-08-93 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL DECEMBER 8, 1993 increases in valuation, residential properties will see a 2.44% increase in its City portion of the tax bill. The Administrator reported that those properties receiving a large valuation increase can appeal that increase to the Court prior to May 15, 1993. For more information on this process, property owners can contact Ramsey County at 266-2111. If properties receive a property tax increase of over 12%, property owners can file a State abatement form, known as an M1PR Form. These are available at the Post Office, public libraries and at most banks. The Administrator stated that tonight's hearing focuses on the City's portion of the tax bill. The Administrator reported on the distribution of the property tax dollar pointing out that the School District receives approximately 50% of the tax dollar, Ramsey County 31%, the City 140, and miscellaneous taxing jurisdictions, which include Regional Transit, Metro Watershed, Metropolitan Council, Mosquito Control, and Light Rail Transit at 4%. The School District distribution is virtually identical whether in the 623 or 624 5chool District. Tonight we are focusing on the 14% which is the City's portion. The Administrator presented a graph showing the Tax Capacity Rate Comparison between the 5chool District, County, City, and miscellaneous jurisdictions. The Administrator pointed out that the City's share has been relatively flat for the years shown, that is 1991 through 1994, or at about a constant 14% of the tax dollar. The Administrator reported that the Truth In Taxation Hearing Notices sent by the County were based on a $1,254,425 proposed net levy, which represented a 5.23% increase over 1993. After considerable review of the proposed 1994 Budget by the City Council, that net levy was decreased to $1,192,087, or a zero percent increase. The City has tried to hold the line on its spending, and this is the second year in a row with a virtual zero percent net levy increase. The Administrator pointed out that property taxes are complicated by HACA and Fiscal Disparities which are deducted from the gross levy to equal the net levy amount. The Administrator presented a graph showing the 1994 gross tax levy by percentage by city, pointing out that of the cities surveyed, Little Canada was the lowest with a.72% increase. The average of the cities surveyed is 5.35%, and Little Canada's increase is less Page 3