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year preceding the collection year. A listing of property taxes due is prepared by the county GENERAL INFORMATION CONCERNING THE CITY auditor and turned over to the county treasurer on or before the first business day in March. The county treasurer is responsible for collecting all property taxes within the county. Real estate and personal property tax statements were to be mailed out no later than April 15 for The City of St. Anthony is located in both Hennepin and Ramsey Counties, immediately north property taxes payable in 1990 and are to be mailed out no later than March 31 thereafter. of the City of Minneapolis. The City encompasses an area of 1,600 acres or 2.5 square miles. One-half (1/2) of the taxes on real property is due on or before May 15. The remainder is due de Anthony experienced its greatest population growth between 1960 and 1970 as on or before October 15. Real property taxes not paid by their due date are assessed a demonstrated by the following: penalty which, depending on the type of property, increases from 2% to 4% on the day after the due date. In the case of the first installment of real property taxes due May 15, the penalty Percent U.S. Census Population Increase/(Decrease) increases to 4% or 8% on June 1. Thereafter, an additional 1% penalty shall accrue each s month through October 1 of the collection year for unpaid real property--taxes. In the case of the second installment of real property taxes due October 15, the penalty increases to 6% or 1970 9,239 4% 8% on November 1 and increases again to 8% or 12% on December 1. Personal property 1980 7,981 (114%) taxes remaining unpaid on May 16 are deemed to be delinquent and a penalty of 8% attaches 1990 7,727 (3%) to the unpaid tax. However, personal property owned by a tax-exempt entity, but which is treated as taxable by virtue of a lease agreement, is subject to the same delinquent property The Metropolitan Council estimates that St. Anthony's 1991 population is 7,802. tax penalties as real property. On the first business day of January of the year following collection all delinquencies are Employment subject to an additional 2% penalty, and those delinquencies outstanding as of February 15 are filed for a tax lien judgment with the district court. By March 20 the clerk of court files a The City is centrally located within the Minneapolis/St. Paul metropolitan area which provides publication of legal action and a mailing of notice of action to delinquent parties. Those City residents with easy access to employment opportunities throughout the metropolitan area. property interests not responding to this notice have judgment entered for the amount of the delinquency and associated penalties. The amount of the judgment is subject to a variable ` Some of the larger employers within the City limits are: interest determined annually by the Department of Revenue, and equal to the adjusted prime rate charged by banks, but in no event is the rate less than 10% or more than 14%. Approximate Property owners subject to a tax lien judgment generally have five years (5) in the case of all Number property located outside of cities or in the case of residential homestead, agricultural Employer Product/Service of Employees homestead and seasonal residential recreational property located within cities or three (3) years with respect to other types of property to redeem the property. After expiration of the Apache Plaza Mall Shopping Center (60 tenants) 625 redemption period, unredeemed properties are declared tax forfeit with title held in trust by the In 71 Anthony Health Center 150-Bed Nursing Home 1 State of Minnesota for the respective taxing districts. The county auditor, or equivalent thereof, Independent School District 282 Education 171 then sells those properties not claimed for a public purpose at auction. The net proceeds of Herbergers Merchandise Sales 120 Apache New Market Food Sales 108 the sale are first dedicated to the satisfaction of outstanding special assessments on the parcel, with any remaining balance in most cases being divided on the following basis: county American Monarch Custom Manufacturing 99 - 40%; town or city - 20%; and school district -40%. Source: St.Anthony Community Profile, Minnesota Department of Trade and Economic Development, March, 1993. Property Tax Credits (Chapter 273, Minnesota Statutes) In addition to adjusting the taxable value for various property types, primary elements of St. Anthony's industrial park has approximately 25 small- to medium-sized businesses, each Minnesota's property tax relief system are: property tax levy reduction aids; the circuit breaker with employment ranging up to 50. credit, which relates property taxes to income and provides relief on a sliding income scale; and targeted tax relief, which is aimed primarily at easing the effect of significant tax increases. The circuit breaker credit and targeted credits are reimbursed to the taxpayer upon application f Labor Force Data by the taxpayer. Property tax levy reduction aid includes educational aids, local governmental aid, equalization aid, homestead and agricultural credit aid (HACA) and disparity reduction aid. March, 1993 March. 1992 ' Civilian Unemployment Civilian Unemployment The homestead credit, a direct subsidy by the State to the taxpayer which was available to Labor Force Rate Labor Force Rate residential and agricultural homestead properties in prior years, has been omitted and is now accounted for in the designation of lower class rates. Hennepin County 613,222 4.2% 591,324 4.6% Ramsey County 269,781 4.3 260,449 4.8 Levy Limitations State of Minnesota 2,468,177 5.8 2,378,598 6.2 Historically, the ability of local governments in Minnesota to levy property taxes was controlled Source: Minnesota Department of Jobs and Training. 1993 data is preliminary. by various statutory limitations. These limitations have expired for taxes payable in 1993 and future years, but may be reinstated in the future. Under prior law the limitations generally did II-2 - 9 -