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<br /> . to that . tax C 11 t •
<br /> 'MINNESOTA' HOME'OW.N,•ER=TAXES';..BOUNCE 'BA'CK;:'UR ' '
<br /> Property.taxes;on homes ar'e increasing about 1S percent'statewide,and owners of l'ow-;{'::',
<br /> value'homes will'face;the biggest;.increases;Dec sions;byrlocal;officials'andvotersf';th' ;?'"',;r,;
<br /> real,estate-market;arid;effects from a_bp overhaul,of,tax la ye'ar 'ago, ,e'tri':-';;;; ,"; "4
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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. :44'• 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 financ- 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 0vce..'")
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