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<br /> Homes Ranking high 10 ,
<br /> r 0 0 Real value 570,000 Owners of businesses,apartments,cabins and high-valued homes in
<br /> GD US.average tax 51.063 Minnesota pay some of the highest property taxes In the country,according
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<br /> MN average tax $937 to a major 1996 study by the Minnesota Taxpayers Association.The study
<br /> art aaaa__t______ did a 50-state comparison of taxes paid in 1995,including
<br /> National rank-27th taxes on both real and personal property.
<br /> '-e
<br /> Real value 5150,000 is i J'JJ�
<br /> j 1:71
<br /> Or
<br /> U.S.average tax $2,386 Industrial*
<br /> 1 1r...1# MN average tax $2,994 Real value $100,000 �� ®p
<br /> National rank-14th U.S.average tax 53,514 / In a
<br /> MN average tax 54,223 {*r® ® a U
<br /> National rank-18th -��
<br /> Commercial* L Q "N^ ►moi
<br /> '�_ Real value Si million
<br /> A iw
<br /> Real value $100,000 - 4 aaatt
<br /> M.fay ® U S.avenge tax $35,496 •• -a W N i .34..jo. _ i
<br /> US.average tax 52,701 IAA ft 7, T +�r� . u - v
<br /> r. MN average tat $62,412
<br /> MN average tax $4,223 D --r
<br /> E National rank-1st
<br /> National rank—9th • �'� •
<br /> Real taker S1 million
<br /> I S.avenge tax $27,535 _ Cabins
<br /> MN average lax $82,412 •.. A
<br /> Real value 570,000
<br /> \Nirnial rank-1St 4:r ♦ �► U.S.average tax $1,061
<br /> Iii WI 41 /�,\ MN average tax $1,742
<br /> t r �i,�cm National rank-5th
<br /> Apartments' �� MOll
<br /> Real value$150,000
<br /> Real value$600,000 a• i... Z
<br /> I M. lilt Arik• -- a U.S.average tax $2,298
<br /> U.S.average tax $12,658 Illy Ilr
<br /> lampi/AI( MN average tax 64;16! ..
<br /> MN average tax $29,073
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<br /> National rank-2nd National rank-1St •
<br /> Souse a riewia Taxpayers As n Study, —' jr. - I •(,nrnpartng faxes in each state's largest urban area
<br /> 0 .
<br /> '55Stare pd0erry Ta.Cortq,•son SNtly.1996. e
<br /> Star Tribune Graphic
<br /> sions during the '80s and early changes (or perhaps because of one's satisfaction will be difficult.
<br /> '90s,the Legislature fought to pro- them), the effective property tax But it must be done.Property tax
<br /> tect certain classes, particularly rate on all property,even homes, reform can be a win-win proposi-
<br /> homestead property,from the ris- doubled between 1981 and 1993. tion if we carefully coordinate the
<br /> ing property tax. It did this by Because of our classification major pieces of reform—reduc-
<br /> shifting a greater and greater share system, the property tax on a ing property class disparities,re-
<br /> of the property tax onto non- $70,000 home in Minneapolis ducing school reliance on the
<br /> homestead properties (cabins, now ranks 27th among the largest property tax, protecting low-in-
<br /> apartments, businesses, etc.). metropolitan areas in each state. come homeowners with more tar-
<br /> Between 1977 and 1990,the resi- The tax on a $150,000 home is geted relief,using some of the sur-
<br /> dential share of all real estate more than three times higher and plus for one-time property tax roll-
<br /> value,statewide, increased from ranks 14th nationally.A$100,000 back,and reforming the truth-in-
<br /> 51 percent to 56 percent.Yet the Minneapolis business pays a tax taxation and classification systems
<br /> residential share of property taxes almost five times the tax on a to make local voters more tax-
<br /> paid actually fell from 44.6 percent $70,000 Minneapolis home and conscious.In the long run,we will
<br /> in 1977 to 36 percent in 1990. ranks ninth nationally among all be winners if we design a new
<br /> The pattern was similar for businesses.A$1 million Minne- property tax system in which we
<br /> farm property.For cabins,apart- apolis business ranks first nation- empower ordinary citizens to be
<br /> ments,and businesses,however, ally, and a $600,000 apartment the watchdogs of the treasury. .
<br /> the pattern was reversed, with complex ranks second.
<br /> their share of property tax rising These figures confirm that our —Dan Salomone is executive di-
<br /> much faster than their share of property tax,hated though it is,is rector of the Minnesota Taxpay-
<br /> real estate value. Despite these a mixed bag. Fixing it to every- ers Association.
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