Carol Becker writes: "Tax capacity isn't a "dirty little secret." And it doesn't "reduce" the taxable market value of Minneapolis real estate. It is the formula for how taxes are calculated."
Vicky here: It would be nice for Ms. Becker to explain the following page from the City's financial reports. Market values have more than doubled over the past ten years, while the City's tax capacity has dropped from $324 million to $295 million. http://www.ci.minneapolis.mn.us/financial-reports/cafr2002/p136TaxCapMrktVal .pdf Vicky Heller North Oaks and Cedar Riverside REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
