--- Robert Gustafson <[EMAIL PROTECTED]> wrote: > The missing question is simple. What does the > increase in my real estate have to do with how > much money the government needs?
A: Nothing at all. It's the levy that sets that mark. There are four places to look when determining whether one's property taxes will increase: the size of the levy, the tax rates applied to different property classes, the total taxable value of property for each class, and the taxable value of one's property. After the levy is determined (i.e., how much money government needs to operate), the rest of the procedure consists of divying up the bill. If your property taxes increase at a faster rate than the levy, then it just so happens your share of the pie, rather than the size of the pie, is also increasing. Even if the levy were to decrease (an unlikely event), shifts in relative property values and rates could result in an individual tax increase. Still, this increase does not result in more money than expected for government. That's just how it works--not to praise or curse it. Dana Bacon Page neighborhood __________________________________________________ Do You Yahoo!? Yahoo! GeoCities - quick and easy web site hosting, just $8.95/month. http://geocities.yahoo.com/ps/info1 _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
