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State Representative David Dill
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-2190
For more information contact: Jenny Nash 651-296-4122
Press/News Releases
RESTORING MARKET VALUE HOMESTEAD CREDIT A TOP PRIORITY FOR 2012
PAUL, MN – State Representative David Dill (DFL-Crane Lake) is co-authoring legislation to restore the Market Value Homestead Credit for Minnesota homeowners and business owners. This legislation is a top priority and will be officially introduced and given a bill number on the first day of session.
Rep. Dill vigorously opposed the elimination of the Homestead Credit because of the negative impact it would have on Northeast Minnesota property taxpayers. Unfortunately, the GOP majority in both the House and Senate insisted on its removal, and reluctantly, Governor Dayton signed the elimination as part of the final negotiation to end the state shutdown.
"Unfortunately, 95 percent of homeowners were stunned when they opened their Truth-in-Taxation statement and saw that their Homestead Credit, which has been relied upon direct property tax relief for over four decades, is now completely gone," stated Rep. Dill.
The bill being co-authored by Representative Dill will reverse this action and give Minnesotans their Homestead Credit back.
"The Homestead Credit reduces property taxes by as much as $304 a year for homeowners. The credit was eliminated and local property taxes increased significantly a result. The eliminated credit really was backdoor tax increases on the folks who can least afford it," said Dill.
The Homestead Credit was replaced by a complicated program called the Homestead Market Value Exclusion. The exclusion program allows some homeowners to exclude some of the value of their home from tax assessments, but it then forces other property taxpayers to make up the difference. The exclusion shifts property taxes and disproportionately hurts rural small business already struggling with high property taxes.
"The Market Value Homestead Credit was common-sense, direct property tax relief that should never have been taken away. I’m pleased to co-author a bill to restore it and will advocate to all members to bring back the Homestead Credit," added Rep. Dill.
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If you have any specific questions about how the Homestead Credit elimination will impact you, please let me know. I can be reached on my cell phone at 218-780-2278.
News Items
- Budget Forecast: Good news for this year, bad for the coming two Fiscal crisis in Washington creates uncertainty and concerns - (Posted: Dec 7 2012 12:00AM)
- MOLPUS LANDS STATUS QUO FOR NOW - (Posted: 2012-10-18 00:00:00)
- Rep. David Dill encourages hunters and trappers to apply for wolf license - (Posted: 2012-08-17 00:00:00)
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