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<br /> =i�?' .-„ng.'LW)' -Property;taxes'oh,homet`are.increasinaboutIS_ ercentstatewide;,and=owners'oflow-
<br /> value homes will face;the biggest,increases:,Decisions;by;local~'offici:als n v ers 'th a
<br /> real,e,state,n arket_and;effects,frorn„a big over,haul:of,tax',laws-,twOyears ago;are
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<br /> • PIONEER PRESS GRAPHIC
<br /> Reduction from property tax `reform' has disappeared
<br /> BY PATRICK SWEENEY The increase has nothing to do ■ Officials of school districts,
<br /> Pioneer Press with the state budget crisis and ' 'cities and counties decided to seek
<br /> Gov.Tim Pawlenty's proposed cuts nearly 10 percent more tax rev-
<br /> When homeowners across Min- in state aid to local governments.If enue from their citizens statewide.
<br /> nesota get their property'tax bills cities, counties and schools raise •Low interest rates have driven
<br /> next month, they will face average taxes in response to state cuts, up home values,while a continuing
<br /> increases of about 15 percent, homeowners would feel the pinch business slump depressed the
<br /> according to a new analysis of tax starting in next year's bills. value of commercial and industrial
<br /> • levies and property values For most homeowners property.
<br /> released Tuesday. 4'w' statewide, the increases this year • The "limited market value”
<br /> In St. Paul and its Ramsey will more than offset tax reduc- ceiling that previously capped
<br /> County suburbs, homeowners will 'tions last spring following a mas- property taxes regardless of how
<br /> pay as much as 23 percent more sive restructuring of school fmanc- much a home's value had increased
<br /> than last year. Washington County ' ing and property tax laws by was phased out under the 2001 tax
<br /> tax bills will increase a bit above legislators and former Gov. Jesse bill.
<br /> the 15 percent average,and Dakota Ventura in 2001. •A new statewide tax on cabins
<br /> County bills will increase less than The increases are driven by '
<br /> the average. many factors: REDUCTION DISAPPEARS,10A
<br /> ON PAGE 10A: A GLANCE AT THE TAX INCREASES ACROSS THE METRO AREA
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