Laserfiche WebLink
REVENUE SOURCES PROPOSED POLICIES <br />RS-2. PROPERTY TAX REFORM (A) <br />a statewlae 1 <br />communities. <br />of the Minnesota property tax <br />the proposal has <br />be <br />F7il <br />be phased in so that cities can <br />71 Cimntification and accountability are desirable goals that should be <br />Many significant changes to the overall property tax eyatem are currently <br />being considered. Because no upecific proposals had been put forward during the <br />development of these policies the League has developed some general criteria to <br />consider in evaluating any tax reform proposal. <br />It is very important that any proposal be evaluated on the basis of its <br />impact on individual communities. A proposal that appears balanced on a <br />statewide basis can have a very diverse impact on individual cities. <br />The disparity or difference in property tax burdens among taxpayers in <br />neighboring tax jurisdictions should be kept within acceptable limits. Any <br />imposed disparities could have a significant impact on the ability of cities <br />to compete on a fair basis with each other for residents or economic <br />development. <br />Tax increment districts are dependent on the mill rate and assessment ratios <br />of the current property tax system. The financial viability of those projects <br />-41- <br />