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CC PACKET 06092009
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CC PACKET 06092009
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Last modified
7/30/2015 7:33:28 AM
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5/7/2014 2:15:00 PM
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City Council
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Council Agenda/Packets
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City Code Chapter Amendment
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Market Value Cre <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 />a of Market Value Credit <br />• State Maintains MVC Credit on the <br />Property Tax Bills. <br />• State Cuts Payment to Cities. <br />2008: <br />• December State Cuts 2nd Half Payment. <br />. St. Anthony Loss in Revenue Totals <br />$67,000. <br />■ 2009: <br />. Governors Proposal <br />. St. Anthony Losses $133,200. <br />
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