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Market Value Credit <br />. Form of Property Tax Relief <br />• Taxpayers Receive a Credit on Their <br />Property Tax Bills (Homestead Credit). <br />• Maximum Credit of $304.00 <br />Property Valued at $76,000 <br />Credit Goes Down for Values <br />Over $76,000 <br />Credit No Longer Exists at $413,778 <br />■ State Makes MVC Payment to Cities <br />Loss of Market Value Credit <br />■ State Maintains MVC Credit on the <br />Property Tax Bills. <br />■ State Cuts Payment to Cities. <br />■ 2008: <br />■ St. Anthony Losses 2nd Half Payment <br />Totaling $67,000. <br />■ 2009: <br />• Governors Proposal <br />• St. Anthony Losses $133,200. <br />