The figures that I provided in my 10/24 post reflected the percentage
breakdown of the total property tax REVENUE received by the city. Stated
another way, for every $1.00 the city receives in property taxes alone (not
including other revenue it receives from other sources, such as state,
federal, fees, etc.), the city gets $.545 from commercial & industrial;
$.273 from single family, homesteaded, $.12 from non-homesteaded apartments,
etc. etc. See details below:
>>>>> 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%
So the answer to Mr. Miller, is no, those figures cannot be extrapolated to
show the percentage that each type of property represents of the total
assessed value in the city. It is my understanding that each type of
property is taxed at different rates. Someone from the city finance
department may be able to give the percent of total assessed value that each
type of property represents.
Jan Feye-Stukas, Associate Director
Minneapolis Public Library
>>From: craig miller [mailto:[EMAIL PROTECTED]]
>>Sent: Thursday, October 26, 2000 12:13 PM
>>..... Does anyone know if the figures provided can be extrapolated in the
following manner? 12 % of all
>>taxable property value in the city is rental?
