Table of ConTenTs
Executive Summary 1
Recommendations:...........................................5I..Introduction.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6II..2002.Property.Tax.Changes.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7III..State.Aid.Reductions.......................................15IV.The.Role.of.Property.Valuation .................................20V.Explaining.Homestead.Property.Tax.Growth..........................22VI..Trends.in.Specic.Communities.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28VII..Focusing.on.Cities........................................33
VIII Conclusion 36
Appendix A 39Appendix B 43Appendix C 47
1
Mt 2020 - www.m2020.
exeCuTive suMMary
During.the.last.eight.years,.the.state.has.pushed.its.budget.problems.off.to.local.governments,.forcing.both.service.cuts.and.property.tax.increases.“No.new.taxes”.policy.at.the.state.level.has.led.to.more.regressive.taxes.at.the.local.level.and.deep.cuts.in.education,.infrastructure,.and.public.services.This.is.not.the.way.to.move.Minnesota.forward.Minnesota.needs.more.progressive.tax.policy.which.doesn’t.stick.those.least.able.to.pay.with.a.disproportionate.share.of.the.bill.and.that.doesn’t.force.local.councils,.commissions,.and.school.boards.to.slash.critical.public.investments.From.2002.to.2010,.property.taxes.in.Minnesota.increased.by.268.percent.in.ination-adjusted.dollars.and.by.718.percent.in.nominal.dollars* Statewide.property.taxes.during.this.eight.year.span.increased.at.a.faster.annual.average.pace.than.had.been.seen.in.at.least.a.generationFrom.2002.to.2010,.local.property.taxes.(excluding.the.state.property.tax).increased.by.$17.billion.in.constant.2010.dollars.However,.this.growth.in.property.taxes.cannot.be.attributed.to.growth.in.local.government.budgets;.since.2002.total.local.government.revenue.declined.by.$613.million.The.primary.cause.of.statewide.property.tax.growth.is.reductions.in.revenue.sharing.with.local.governments.known.as.state.aid.In.the.last.eight.years,.aid.to.local.governments.declined.by.$26. billion.in.constant.2010.dollars.Local.property.tax.increases.replaced.approximately.two-thirds.of.
*“Nominaldollars”aredollarsthathavenotbeenadjustedforination.
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