This is another example of how a land value tax would be superior to the current system. It's simpler to administer, it doesn't punish people for putting up good buildings, and it does punish people for sitting on valuable land for use as parking lots.
Mike Jensvold Ward 10 --- Victoria Heller <[EMAIL PROTECTED]> wrote: > Bruce Gaarder notes: > > "So it sold for $220,000,000. That should be good > new for Minneapolis > taxpayers. The taxable market value for 2004 taxes > was $111,512,000 > yielding a tax of $4,560,424.10." > > Vicky Heller adds: > > A couple of pen strokes have increased the > Minneapolis tax base by $144 > million. Wow - the City didn't have to spend a > penny either!!!!! > > The IDS Center was UNDER-assessed by $109 million; > The Fifth Street Towers were UNDER-assessed by $34.9 > million > > Very interesting indeed. Is this a new form of > corporate welfare in > Minneapolis? > > Even more intriguing is the fact that the Midwest > Plaza building (attached > by skyway to the IDS building) has dropped 50% in > taxable/market value over > the past five years to a current $8.9 million. > True, it's smaller than the > IDS, but it's not just a blip on the sidewalk. > > Too bad the head honcho Tax Assessor, Scott Renne, > just retired. It would > be nice to ask him about these (and many other) > disparities. > > It would be nice to calculate how much money > Minneapolis didn't bother to > collect from the biggies over the years. I might > have to spend some time > down at the assessor's office. As Drudge would say: > Developing....... > > 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 > 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
