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City of Lino Lakes
<br />Management Report, Page 3
<br />During the 1970's, the State introduced levy limitations for local property taxes
<br />and increases in State aids to local government units in an effort to limit
<br />the local
<br />property tax burden in this State. This State policy became effective with the payable
<br />1972 property taxes. The effect of this State policy was to limit property tax
<br />increases, as follows:
<br />1. Percent increases (1981 over 1971):
<br />A. Total property taxes levied by all
<br />Minnesota Local Government Units
<br />83% Increase
<br />B. Total State property tax credits paid
<br />to local government units. 317% Increase
<br />C. Property taxes paid by property owners. 50% Increase
<br />2. Percent increase in the Consumer Price
<br />Index (C.P.I. -U, Minneapolis - St. Paul
<br />Area) October, 1971 to October, 1981
<br />136% Increase
<br />As illustrated above, the State policy of the 1970's did indeed limit local property
<br />tax increases in the State of Minnesota. This was the direct result of local levy limi- 1
<br />tations and increases in State aids paid to local government units by the State.
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<br />The preceding data reflects property taxes and related State aids from 1971 to 1981.
<br />The trend of limited local property taxes was reversed in 1982. The following schedule II .
<br />reflects a one year change of 24 %, as follows:
<br />STATE -WIDE TOTALS
<br />School Districts
<br />Counties
<br />Cities
<br />Fiscal Disparities
<br />Tax Increments
<br />Townships
<br />Special Districts
<br />Total Taxes Levied
<br />State Credits Deducted from
<br />Taxes Levied:
<br />Homestead Credits
<br />Agricultural Credits
<br />Other Credits
<br />Total State Credits
<br />($1,000 of Dollars)
<br />1981 1982 CHANGE
<br />$ 850,256
<br />549,366
<br />343,049
<br />46,775
<br />22,489
<br />41,173
<br />51,030
<br />1,904,138
<br />447,233
<br />70,457
<br />13,927
<br />531,617
<br />Net Taxes Paid By Property
<br />Owners $ 1,372,521
<br />$ 1,099,683
<br />617,565
<br />381,904
<br />65,020
<br />35,141
<br />46,707
<br />59,062
<br />2,305,082
<br />495,706
<br />86,946
<br />17,063
<br />599,715
<br />$ 249,427
<br />68,199
<br />38,855
<br />18,245
<br />12,652
<br />5,534
<br />8,032
<br />400,944
<br />48,473
<br />16,489
<br />3,136
<br />68,098
<br />$ 1,705,367 $ 332,846
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<br />CHANGE
<br />29.34% II
<br />12.41% II
<br />11.33%
<br />39.01%
<br />56.26%
<br />13.44%
<br />15.74%
<br />21.06% II
<br />10.84% II
<br />23.40%
<br />22.52% '
<br />12.81%
<br />24.25% 1
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