|
STATE OF MINNESOTA
<br />Table 1-C
<br />PROPERTY TAX CREDITS PAID TO LOCAL GOVERNMENT UNITS
<br />1968 through 1983
<br />(All Amounts in $1,000 of Dollars)
<br />Agricultural
<br />Year Homestead Credits Credits Other Credits Total Credits
<br />Payable Amount % Change Amount % Change Amount % Change Amount % Change
<br />1968 $ 78,769 $ 78,769
<br />1969 95,305 20.99% 95,305 20.99%
<br />1970 108,055 13.38 108,055 13.38
<br />1971 127,597 18.09 127,597 18.09
<br />1972 117,086 (8.24) $15,835 132,921 4.17
<br />1973 122,753 4.84 17,291 9.19% 140,044 5.36
<br />1974 189,373 54.27 17,474 1.06 206,847 47.70
<br />1975 206,709 9.15 17,795 1.84 224,504 8.54
<br />1976 220,254 6.55 26,274 47.65 246,528 9.81
<br />1977 234,563 6.50 29,499 12.27 264,062 7.11
<br />1978 243,964 4.01 35,165 19.21 279,129 5.71
<br />1979 254,089 4.15 41,634 18.40 295,723 5.94
<br />1980 371,313 46.14 52,187 25.35 423,500 43.21
<br />1981 447,233 20.45 70,457 35.01 $13,927 531,617 25.53
<br />1982 -A 495,706 10.84 86,946 23.40 17,063 22.52% 599,715 12.81
<br />1982 -B 349,386 (29.52) 63,702 (26.73) 12,736 (25.36) 425,824 (29.00)
<br />1983 521,541 5.21 96,947 11.50 17,762 4.10 636,250 6.09
<br />Source: State of Minnesota, Department of Revenue
<br />As excerpted and formatted by VRT & CO.
<br />Notes: (1) Maximum (Per Parcel) Homestead Credits were as follows:
<br />• Prior to 1974 $ 250
<br />• 1974 through 1979
<br />• 1980
<br />• 1981 and 1982
<br />$ 325
<br />$ 550
<br />$ 650
<br />(2) 1982 -A amounts represent credits deducted from local property tax levied by
<br />local government units.
<br />(3) 1982 -B amounts represent credits paid and to be paid to local government
<br />units during the State's fiscal year ended June 30, 1983 which corresponds
<br />to the 1982 property tax levy year. Certain amounts were estimated by
<br />Voto, Reardon, Tautges & Co. when State estimates were not available.
<br />(4) 1983 percent increases represent increases over the 1982 credits deducted
<br />(1982 -A) rather than credits actually reimbursed (1982 -B).
<br />
|