I live in a 3 bedroom rambler in North Oaks. One of my partners lives in a 3 bedroom rambler in Mpls - on the west side of Lake Calhoun.
My house sits on a 2 acre lot, on the edge of a 600 acre wildlife preserve, overlooking a lake. My taxable market value for 2002 is $308,800 and my property taxes are $3,110. My partner's house sits on a city lot, overlooking Lake Calhoun. His taxable market value for 2001 (2002 is not yet available, but it will be higher) was $568,500, and his property taxes were $9,023. The question is: What does taxable market value mean? If it's a question of taste, it is pretty scary to be taxed on one's taste. I believe that it's an arbitrary number based on a city's debt. The more debt a city has, the higher it's market values must be - to keep the credit rating agencies happy (Standard & Poors, Moody's, etc.) I also believe that people will go where their economic interests are best served. That's what I did - I can't afford to live in Minneapolis any more. Vicky Heller St. Paul _______________________________________ 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
