The Legislature changed the property tax classification rates such that
rental property and homesteaded property are now taxed at the same tax
classification rates. (that means the same amounts regardless of rental or
homesteaded classification) I can't speak to the issue of cabin owners as
there are no cabins in Minneapolis.
Carol Becker
Longfellow
> ----- Original Message -----
> From: Richard Chandler <[EMAIL PROTECTED]>
> To: Multiple recipients of list <[EMAIL PROTECTED]>
> Sent: Thursday, October 26, 2000 2:23 PM
> Subject: "homesteading"
>
>
> > This homesteading bit on our property taxes is a machiavellian plot
> between
> > the cities and the rural counties to plump the revenues from renters and
> > cabin owners. Apparently the office holders feel pretty safe about
this.
> >
> > The renters in the cities pay their property taxes indirectly and never
> see
> > the bill. Even if they are aware the places they live in are taxed at a
> > higher rate they may not vote anyway. The cabin owners are probably
aware
> > they are being taxed at a higher rate than their neighbors as they do
see
> > the bill, but they usually don't live in the county their cabin is in
and
> > can't vote for against anything where their cabins are.
> >
> > I'd like to see this stripped out when the legislature looks at property
> > taxes with the legislature next year. Similar properties should be
taxed
> at
> > the same rate regardless of who lives there and how often.
> >
> > Rich Chandler - Ward 9
> >
> > > -----Original Message-----
> > > From: craig miller
> > > Note the following facts.
> > > 1. If a $200,000 4 - plex non-homestead sits across the street from
> my
> > > house (valued @ $200, 00 ) we can observe that the 4 plex will pay
about
> > > $6,000 in property taxes. The homesteaded house will pay about $2,200
> in
> > > prop taxes.
> > >
> > > This is to add to what was posted by Colin Hamilton in reply to Tim
> > > Bonham's post ("the tax bite from referendums like this is entirely on
> the
> > > residents; business property is completely exempt from these
additional
> > > taxes.") This is not true. Commercial property owners will, in fact,
pay
> > > increased property taxes if the referendum passes. The tax levy is
based
> > > on market value. For every $100,000 of market value (either commercial
> or
> > > residential property), owners will pay $56.71 annually in years 5-25
for
> > > the Library Referendum.
> > >
> > > 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%
> >
>
