Lets throw in a complicating factor. Does this take into account the
effect of the Fiscal Disparities Act (the law that takes 40% of all new
commercial/industrial property tax in the metro area and put it into a pool
that is then divided between all the taxing districts in the metro area
based on some formula.)?
>>
>> Commercial property owners pay more than half of the property taxes
>> collected in the City of Minneapolis. Based on 2000 Property Tax dollars,
>> the proportion is as follows:
>> Commercial & other property = 54.5%
>> Single family, homesteaded = 27.3%
>> Apartments (non-homesteaded) = 12%
>> Multi-unit, homesteaded (e.g. duplex or fourplex, owner occupied) = 2.2%
>> Multi-unit, non-homesteaded = 2.2%
>> Single family, non-homesteaded = 1.8%
>>
>> For more information about the Library Referendum, please see "MPL Future"
>> on our website, <http://www.mpls.lib.mn.us/>
>>
>Jan Feye-Stukas, Associate Director
>Minneapolis Public Library
>PH: 612-630-6208
