Exclusion. Exemption. Sunset. Class Rate. (last year) AY 2017 for Pay AY 2013 for Pay DONE (Pay 2011) none

Transcription

1 This Old House Incentive relief on improvements to older homes $ years AY 2017 for Pay 2018 This Old Business Relief on post-flood property improvements $61, years AY 2013 for Pay 2014 Plat Law Development relief to encourage orderly platting $ years Mold Damage Incentive for mold remediation improvements no data 1 year Lead Hazard Incentive for lead hazard remediation improvements no data 1 year DONE (Pay 2011) Disabled Veterans Honor/assist veterans, and surviving spouses, with housing benefits $1.5 billion vet=, spouse=5 yrs Homestead Disaster Local Option Disaster Local Option Disaster Power Line Agricultural Preserves Disparity Reduction County Conservation Incentive to homestead and provide relief for low value homes Relief for homestead property damaged in a disaster (current assmt yr) Relief for other property damaged in a disaster or arson (current assmt yr) Relief from current tax for property damaged in a disaster (current payable yr) Relief for properties with high voltage transmission line over the property Encourage retention of agricultural land in metro counties Relief for C/I, Public Utility and Apt. properties for certain border cities of $1.50/acre for non-metro counties who implement preservation plan $29.3 billion $605,326 1 year $109,921 1 year $109,921 1 year $87,516 $572,734 $6 $137,646 Agricultural Homestead Market Value Tax relief on agricultural homestead land $20 Taconite Homestead Homestead tax relief where taconite production tax is generated $14

2 Supplemental Taconite Homestead Provides credits to those outside the taconite relief area but face similar issues $7 Indian Reservation Indian lands, being property of sovereign entities are exempt from $1.9 billion Public Cemetary Private Cemetary Public K-12 Schools Private K-12 Schools Exempts all public burying grounds from Exempts private lands up to 100 acres, or 300 acres if owned/managed by church Exempts all public shools and property leased to schools from Exempts most private parochial schools from ; excludes instructor lodging $313 $300 $15.5 billion $1.3 billion Public Hospitals $3 billion Exempts all hospitals open to the public and not operated for private profit Private Hospitals $2 billion Public Colleges & Universities Private Colleges & Universities Apprenticeship Training Facilities Church Property Charitable Institutions Emergency Shelters Senior Citizens Facilities Transitional Housing $5.7 billion Exempts all academies, colleges, universities, seminaries, and apprenticship training facilities $3.6 billion of learning from $20.7 Exempts all churches, chuch property, and houses of worship from $8.2 billion Exempts all institutions of "purely public charity" from $3 billion Exempts all emergency shelters for victims of domestic abuse from $32.5 Exempts nonprofit recreational senior citizen facilities from $30 Exempts transitional housing facilities from $30

3 Non-Profit Ice Arenas / Baseball Parks s Exempts ice arena and baseball parks owned by nonprofits from $518 Vets Recreational Property Exempts recreational property for disabled veterans from $599,000 Ag Historial Society Exempts Agricultural historical society property from $13.8 Children's Homes Exempts children's homes from $6.7 Elderly Living Facilities Nonprofit Nursing Homes Public Property Business Incubator Property (Nonprofit) Job Opportunity Building Zone Property International Economic Development Zone Property Pollution Control Property Ag Containment Facilities Manure Pits Water and Wastewater Treatment Facilities Monosloped Roofs Exempts specific elderly living facilities from Exempts nonprofit nursing homes or boarding care faclities from Exempts all property exclusively used for any public purpose from Exempts certain property owned by a nonprofit charitable organization and used as a business incubator in a high-unemployment county from Exempts some improvements to real and personal property from from non-go debt or school district levies Exempts some improvements to real and personal property from Exempts certain property used for the abatement/control of air, water, and land pollution from Exempts ag containment facilities used to confine ag chemicals from Exempts manure pits authorized by PCA from Exempts failities owned by water and wastewater treatment providers who contract with a municipality from Exempts monosloped roofs for feed ltos and manure storage area from $203 $269 $37.2 billion $38.4 $502.3 AY 2015 for Pay 2016 $95,000 AY 2018 for Pay 2019 $8.4 $13.7 $73.1 $136.6 $7.9

4 Wetlands Exempts wetlands, as defined in statute, from $157.8 Native Prairie Exempts native prairie lands, as determined by $17.7 DNR, from Hydro Power Property Hotwater Heat by Nonprofit Group Wind Energy Conversion Systems Taconite Production Tax Land & Building Modular Homes used as Models Local Government Exempts real/personal property on public land used for the production of hydroelectric or hydromechanical power from Exempts property owned by an entity already exempt from federal income tax from property Exempts all property of a wind energy conversion system, except land, from Exempts modular homes used as models by dealers from Intended for property tax relief - can be used for any lawful expenditure $2.26 $0 $215,000 $3,000 $0 $425 County Program Offsets county levies $161 Performance Measurement Reimbursement Utility Valuation Transition Incentive aid for performance measurement program participation Compensate for reductions in tax base due to reassessment of public utility property $940,000 $979,276 PILT - DNR & DOT Lands Compensate when property is exempt because it is owned by a governmental unit $27.8m paid $8.5b exmpt Police Fire PERA Subsidize pension costs of local units of government Subsidize the pensions of both salaried and volunteer firefighters Paid to districts with an account in the Public Employees Retirement Association $67.2 $23.2 $14.3

5 Pension Amortization s Amortize the unfunded accrued liability of police/fire pension fund or PERA fund $4.9 Disparity Reduction Provide relief for high tax rate areas as part of mill rate and NTC conversion $19 Open Space Deferral Protect outdoor/recreational/open space lands from development pressures $596.2 Green Acres Deferment for class 2a lands - to protect from development pressures $4.5 billion Rural Preserve Deferment for class 2b Rural Vacant Lands $122 Aggregate Resources Preservation Property Tax Law Senior Deferral Property Tax Homeowner Property tax Renter Property Tax Targeting Forest Land s (SFIA) Provide incentive to remove aggregate from land prior to development Seniors can defer property taxes if property taxes are high relative to their income Relief to homeowners whose property taxes are high relative to their incomes Relief to renters whose rent (property taxes) are high relative to their income Relief to homeowners who have large property tax increases from prior year Payments to enrolled owners to incent sustainable forest management No Participants Until property $1.1 bought, sold, transferred $293 $187 $7 $3 Economic Development s of property taxes for economic development purposes no data years max Tax Increment Financing Dedication of taxes on new value for development costs $221.8 (ntc) 8-25 years (+ extensions)