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Anoka County City of Lino Lakes
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<br />How your tax amount changes from year to year is influenced more by statutory cha nges to
<br />the tax structure , and revenues needed by your local taxing authorities (including school
<br />districts). If we were to reduce all values by 50%, the resulting tax amounts would not be
<br />decrease d by 50%; the tax rates would be increased to generate the same amount of tax
<br />revenue. The following example illustrates that basic concept.
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<br />Adhering to the same timeframes and working within the parameters of the law ensure s that
<br />everyone is being treated fairly. If assessors were to choose t o work outside of those
<br />timeframes , the end result would be inequity between taxing jurisdictions. Here is an
<br />example of the impact at the local level:
<br />The assessment sales period for Anoka County is October 1, 20 1 1 through
<br />September 30, 20 1 2 , except for Lino Lakes , where the assessor decided to use
<br />January 1, 20 1 2 to December 31, 20 1 2 . G iven the upward trend in market that
<br />began late in 2012, the 201 3 Lino Lakes assessments c ould conceivably be
<br />measurably higher than the rest of the county assessment s . That in turn would not
<br />change the amount of county revenue generated by real estate tax . However, it
<br />would result in a shift in the tax burden, with Lino Lakes property owner s paying more
<br />than their fair share than the rest of the County.
<br />So in conclusion , while it may seem arbitrary to have a set period to measure an
<br />assessment, it does create an environment whereby the assessments are uniform , fair , and
<br />equitable .
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<br />Property EMV Property EMV
<br />Overall Change
<br />In EMV
<br />A $375,000 A $187,500 -$187,500
<br />B $120,000 B $60,000 -$60,000
<br />C $150,000 C $75,000 -$75,000
<br />D $400,000 D $200,000 -$200,000
<br />E $250,000 E $125,000 -$125,000
<br />Total Tax Base $1,295,000 Total Tax Base $647,500 -$647,500
<br />Revenue Needed $10,000 Revenue Needed $10,000
<br />Divided by Total Tax Base $1,295,000 Divided by Total Tax Base $647,500
<br />Equals Tax Rate 0.0077 Equals Tax Rate 0.0154
<br />Property Tax Amount Property Tax Amount
<br />Overall Change
<br />In Tax Amount
<br />A $2,896 A $2,896 $0
<br />B $927 B $927 $0
<br />C $1,158 C $1,158 $0
<br />D $3,089 D $3,089 $0
<br />E $1,931 E $1,931 $0
<br />Total Tax Generated $10,000 Total Tax Generated $10,000 $0
<br />Resulting 2013 Tax Calculations Resulting 2014 Tax Calculations
<br />2012 Assessment 2013Assessment
<br /> Tax Payable 2011 Tax Payable 2012
<br />2013 Tax Rate Calculation 2014 Tax Rate Calculation
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<br />INDIVIDUAL
<br />TAX AMOUNTS
<br />REMAIN
<br />UNCHANGED
<br />
<br />A REDUCED TOTAL TAX
<br />BASE REQUIRES A HIGHER
<br />TAX RATE TO GENERATE
<br />THE SAME REVENUE
<br />
<br />DECLINING VALUES
<br />REDUCE THE
<br />TOTAL TAX BASE
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