Victoria Heller wrote: Understand that the only way for the City to increase property tax collections is to increase taxable market values, since the Legislature controls the rates.
Jack Kryst: Actually, the only way by which a taxing jurisdiction can increase its property tax collections is by raising its levy. The taxable market value, however, is one function that determines the portion of the overall levy that an individual property owner would pay. Assessment agreements that limit the property owners ability to change the taxable market value are a common part of development projects that depend on the tax stream to repay the public investment. Jack Kryst King Field -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-== "Violence is the last refuge of the incompetent." ~ Salvor Hardin TEMPORARY REMINDER: 1. Send all posts in plain-text format. 2. Cut as much of the post you're responding to as possible. ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
