03-941Council File # a3—��t
Green Sheet # a
Presented
Referred To
RESOLUTION
SAINT PAUL, MINNESOTA 9
Committee Date
1 WHEREAS, properiy taYes in Minnesota represent a significant portion of the average homeowner's overall taY
2 burden;and
3 WHEREAS, the rate and amount of t�ation are not fully linked to the rate of spending by local taxing jurisdictions;
4 and
5 WHEREAS, property taxes in Saint Paul are rising sharply due to rapidly increasing property values; and
6 WHEREAS,particularlyinaperiodofsloweconomicgrowth,sharpincreasesinpropertytaxescauseunduebwden
7 on homeowners, with an even greater burden on those individuals living on moderate, low, ar fixed incomes; and
9 WHEREAS, the Minnesota legislature enacted Limited Market Value as a tool to prevent excessive short-term
10 property tax increases due to rising property values; and
11 WHEREAS, Limited Market Value serves as a measure of protection against harmful spikes in property taxes that
12 are not linked in any way to local spending; and
13 WHEREAS, the Minnesota Legislature has enacted a phase-out of Limited Market Value that would eliminate the
14 program by 2007; and
15 WHEREAS, eliminating this important tool -- even over a period of six years -- could result in double-digit
16 percentage increases in property t�es to Saint PauPs homeowners; now, therefore be it
17 RESOLVED, that the City of Saint Paul requests that the Minnesota Legislature reinstate Limited Market Value as
18 a tool to protect against sharp increases in property taxes; and be it finally
p3-q�,1
1 RESOLVED, that the City of Saint Paul requests that the Legislature engage in a study to determine a method of
2 preventing artificial valuations that would not result in tax increases that would be detrimental to homeowners and
3 to the affordability of the community.
Yeas Na s Absem
Benanav �
Blakey ,�
Bostrom `
Coleman �
Harris �
Lantry �
.�eitei
Requested by Department of:
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Form Approved by City Attorney
�
Adopted by Council: Date //�— d 7�— /�,3
Adoption Certified by Council Secretary
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Approved by Mayor for Submission to Council
App�
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CITX COUNCTI,
rncr amsor� s a�oriE
Councilmember Pat Harris 6-8630
f BE ON CWNCILAGENOA BY (OAiE)
TOTAL # OF SfGNATURE
03-a�1
No 200581
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Requesting that the Minnesota Legislature reinstate Limited Market Value and engage in a study to determine a method of prevenring artificial
valuarions.
PLANNING COMMISSION
CIBCAMMI'REE �
CIVIL SERVICE COMMISSION
OF TRANSAGTION S
SOURCE
DATEINRIATED
October 16, 2003 GREEN SHEET
Has tfiw perswWrm ever wwketl under a cront2ct torthis department?
YES NO_
Has Mis P���rtn evw been a ci[Y emdoY��
YES NO
Daes this perso�ttn possece a sidll not nomialrypossessed by any curreM dty employee?
YES NO
Is Nis P��� a tarpete0 vend0Y7
YES NO
Wain ali ves answers on seoarete sheM arW atlach W nreen sheet
COS7/REVENUE BUDGETED (CIRCLE ONE�
ACENIiY NUMBER
YES NO
MFORMATION (IXPWt�