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Anoka County
<br />City of Lino Lakes
<br />How your tax amount changes from year to year is influenced more by statutory changes 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 would not be 50% lower,
<br />the tax rates would be increased to generate the same tax revenue. The following example
<br />illustrates that basic concept.
<br />2009 Assessment 2010 Assessment
<br />Tax Payable 2010 Tax Payable 2011
<br />Property Number EMV
<br />#1 $375,000
<br />#2 $120,000
<br />#3 $150,000
<br />#4 $400,000
<br />#5 $260,000
<br />Total Tax Base $1295,000
<br />r
<br />Property
<br />#1
<br />#2
<br />#3
<br />#4
<br />#5
<br />EMV
<br />$187,500
<br />$60,000
<br />$75,0011
<br />$200,000
<br />$125,000
<br />Total Tax Base $647,500
<br />Overall Change
<br />In EMV
<br />- $187,500
<br />=$60,`'0
<br />-$75,s i 1
<br />$200,000
<br />- $125,000
<br />- $647,500
<br />2010 Tax Rate Calculation
<br />2011 Tax Rate Calculation
<br />Revenue Needed
<br />Divided by Total Tax B
<br />Equals Tax Rate
<br />$10,000 Revenue Needed $10,000
<br />$1,295,000 Divided by Total - $647,
<br />0.0077 ---- -Equals Tax Rate 0.0154
<br />The values are
<br />reduced which
<br />decreases the overall
<br />tax base.
<br />Resulting 2010 Tax Calculations Resulting 2011 Tax Calculations
<br />Property Number
<br />#1
<br />#2
<br />#3
<br />#4
<br />#5
<br />Total Tax Generated
<br />2010 Tax
<br />Amount
<br />$2,896
<br />$927
<br />$1,158
<br />$3,089
<br />$1,931
<br />$10,000
<br />Property
<br />#1
<br />#2
<br />#3
<br />#4
<br />#5
<br />2011 Tax
<br />Amount
<br />$2,896
<br />$927
<br />$1,158
<br />$3,089
<br />$1,931
<br />Total Tax Generated $10,000
<br />Overall Change
<br />In Tax Amount
<br />$0 "F
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />When the Tax
<br />Base decreases,
<br />the Tax Rate is
<br />adjusted upward to
<br />produce the same
<br />amount of
<br />revP.nl IP.
<br />-t The Tax Amounts
<br />t Remain the Same
<br />Adhering to the same timeframes and working within the parameters of the law will ensure
<br />that everyone is being treated fairly. If assessors were to choose to work outside of those
<br />timeframes the end result would be inequity between taxing jurisdictions. Here is an example
<br />of the impact at the local level:
<br />The assessment sales period for Anoka County is October 1, 2008 through
<br />September 30, 2009, except for Blaine, where the assessor decided to use January
<br />1, 2009 to December 31, 2009. Given the volatility in today's market, the Blaine 2010
<br />assessments could be measurably lower than the rest of the county assessment.
<br />That in tum would not reduce the amount of county revenue generated by real estate
<br />tax, it would result in a shift in that tax burden from Blaine properties to all of the other
<br />properties in the county. While Blaine property owners would enjoy a lower tax bill,
<br />the rest of the county property owners would be unfairly paying a disproportionately
<br />higher tax amount to make up the difference.
<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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