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State Representative Sandra Masin
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-3533
For more information contact: Chris Shields 651-296-8873
Column/LTE
PERMANENT PROPERTY TAX RELIEF
To the Editor:
Minnesota has seen more than $2 billion in property tax increases over the last four years. If the Legislature and the Governor fail to act, Dakota County could expect an 8.6% increase.
While there are different approaches to stop the increases, I want to focus on the House plan. Our plan offers $543 million in property tax relief through a combination of school district levy buybacks, expanded refunds, and local aid.
The average Minnesota homeowner will see a property tax cut of 3.4% with small businesses seeing a 1% cut. Locally, school district 196 would see a $5.4 million cut in the property tax levy, district 197 would see a half million reduction, and district 191 would see its levy drop by $1.2 million. The plan also provides a tax credit if your property taxes are more than 2% of your income
To pay for the property tax cut, the bill creates a 4th tier to our income tax system, with every dollar of new money going directly into property tax relief. This plan will only affect couples who earn $400,000 or more, after deductions, and single earners who make $226,000, again after deductions. This works out to roughly 1% of Dakota County filers.
Over the past five years, we've asked seniors, families, and small businesses to pay a bigger share of state government through local property taxes. When Minnesotans consider the options, they will agree this plan creates tax fairness for our seniors, families, and small businesses.
Sincerely,
Rep. Sandra Masin
District 38A
-30-
News Items
- Rep. Sandra Masin Sworn-In as Legislative Session Begins - (Posted: Jan 8 2013 3:10PM)
- Representative Sandra Masin: Special Session Delivers Flood-Relief - (Posted: 2010-10-18 00:00:00)
- EAGAN TRIBUTE & MEMORIAL DEDICATION State Representative Sandra Masin invites area residents to unveiling ceremony - (Posted: 2010-10-06 00:00:00)
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