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<br />Immo
<br />STATE OF MINNESOTA
<br />Table 1 -B
<br />PROPERTY TAXES LEVIED /STATE CREDITS/PROPERTY TAXES INCURRED
<br />(With Percent Changes)
<br />1968 through 1983
<br />(All Amounts in 1,000's of Dollars)
<br />Taxes Levied State Credits Paid To: Net Taxes Incurred
<br />Year By Local Government Local Government Individual Taxpayers By Property Owners
<br />Payable Amount % Change Amount % Change Amount % Change Amount % Change
<br />1968 $ 633,834 $ 78,769 $ 639 $ 554,426
<br />1969 764,221 20.57% 95,305 20.99% 6,029 843.51% 662,887 19.56%
<br />1970 873,460 14.29 108,055 13.38 7,736 28.31 757,669 14.30
<br />1971 1,040,698 19.15 127,597 18.09 9,243 19.48 903,858 19.29
<br />1972 973,209 (6.48) 132,921 4.17 21,441 131.97 818,847 (9.41)
<br />1973 999,952 2.75 140,044 5.36 21,959 2.42 837,949 2.33
<br />1974 1,098,959 9.90 206,847 47.70 31,436 43.16 860,676 2.71
<br />1975 1,264,296 15.04 224,504 8.54 34,010 8.19 1,005,782 16.86
<br />1976 1,323,594 4.69 246,528 9.81 121,382 256.90 955,684 (4.98)
<br />1977 1,472,446 11.25 264,062 7.11 134,249 10.60 1,074,135 12.39
<br />1978 1,538,697 4.50 279,129 5.71 195,166 45.38 1,064,402 (.91)
<br />1979 1,628,313 5.82 295,723 5.94 190,032 (2.63) 1,142,558 7.34
<br />1980 1,758,838 8.02 423,500 43.21 186,256 (1.99) 1,149,082 .57
<br />1981 1,904,138 8.26 531,617 25.53 171,820 (7.75) 1,200,701 4.49
<br />1982 2,305,082 21.06 599,715 12.81 184,357 7.30 1,521,010 26.68
<br />1983 2,540,024 10.19 636,250 6.09 186,624 1.23 1,717,150 12.90
<br />Source: State of Minnesota, Department of Revenue
<br />As excerpted and formatted by VRT 8 CO.
<br />Notes: (1) Special Taxing Districts and Total Taxes Levied include Tax Increment Financing Levies and Power
<br />Line Levies.
<br />(2) 1972 through 1976 School District and Total Taxes include Agricultural Credit Amounts for those
<br />y ears.
<br />(3) Maximum (Per Parcel) Homestead Credits were as follows:
<br />• Prior to 1974
<br />• 1974 through 1979
<br />• 1980
<br />• 1981 and 1982
<br />$ 250
<br />$ 325
<br />$ 550
<br />$ 650
<br />(4) 1982 State -Paid Credits represent total credits deducted from property tax statements and not
<br />amounts actually paid to the local government units.
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