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Measures of city capacity & need II. Eric Willette & Nick Greene For Mayors LGA Advisory Group August 10, 2012. Cluster Background. Measures we talked about in June. Household income Sales tax Property Tax Capacity Public Safety Spending Street and Highway Spending Jobs
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Measures of city capacity & need II Eric Willette & Nick Greene For Mayors LGA Advisory Group August 10, 2012
Measures we talked about in June • Household income • Sales tax • Property Tax Capacity • Public Safety Spending • Street and Highway Spending • Jobs • Exempt Property
Commercial-Industrial Market Value Percent & Tax Exempt Property average 2008-2010 Commercial-Industrial MV Percent
Total Local Tax Rates (2008-10) & Median Homestead Net Tax (2008)
Determinants of Property Taxes Parcel share of tax base and total local levies These are affected by: • Level of public services • Intergovernmental aid and other non-property tax resources • Tax base composition and property tax classification system • Property tax refunds, credits, exclusions
Thank you • Eric Willetteeric.willette@state.mn.us • Nick Greenenick.greene@state.mn.us