as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
Engrossments | ||
---|---|---|
Introduction | Posted on 04/07/2008 |
A bill for an act
relating to property taxation; limiting property taxes to a percentage of the
homeowner's income; reducing the market value homestead credit; amending
Minnesota Statutes 2006, sections 273.1384, subdivision 1; 290A.04,
subdivisions 1, 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2006, section 273.1384, subdivision 1, is amended to
read:
Each county auditor
shall determine a homestead credit for each class 1a, 1b, and 2a homestead property within
the county equal to deleted text begin 0.4deleted text end new text begin 0.33new text end percent of the first $76,000 of market value of the property
minus .09 percent of the market value in excess of $76,000. The credit amount may not
be less than zero. In the case of an agricultural or resort homestead, only the market
value of the house, garage, and immediately surrounding one acre of land is eligible in
determining the property's homestead credit. In the case of a property that is classified as
part homestead and part nonhomestead, (i) the credit shall apply only to the homestead
portion of the property, but (ii) if a portion of a property is classified as nonhomestead
solely because not all the owners occupy the property, not all the owners have qualifying
relatives occupying the property, or solely because not all the spouses of owners occupy
the property, the credit amount shall be initially computed as if that nonhomestead portion
were also in the homestead class and then prorated to the owner-occupant's percentage
of ownership. For the purpose of this section, when an owner-occupant's spouse does
not occupy the property, the percentage of ownership for the owner-occupant spouse is
one-half of the couple's ownership percentage.
new text begin
This section is effective for taxes payable in 2009 and
thereafter.
new text end
Minnesota Statutes 2006, section 290A.04, subdivision 1, is amended to read:
A refund shall be allowed each claimant deleted text begin in the amount thatdeleted text end
new text begin based on the relationship between new text end property taxes payable or rent constituting property
taxes deleted text begin exceed the percentage ofdeleted text end new text begin and new text end the household income of the claimant deleted text begin specified in
subdivision 2 or 2adeleted text end in the year for which the taxes were levied or in the year in which the
rent was paid as specified in subdivision 2 or 2a. deleted text begin If the amount of property taxes payable
or rent constituting property taxes is equal to or less than the percentage of the household
income of the claimant specified in subdivision 2 or 2a in the year for which the taxes
were levied or in the year in which the rent was paid, the claimant shall not be eligible
for a state refund pursuant to this section.
deleted text end
new text begin
This section is effective for claims filed in 2009 and thereafter
based on property taxes payable in 2009 and thereafter.
new text end
Minnesota Statutes 2006, section 290A.04, subdivision 2, is amended to read:
new text begin (a) new text end A claimant whose property taxes payable are in excess
of the percentage of the household income stated below deleted text begin shall pay an amountdeleted text end new text begin is eligible for
a refund new text end equal to the new text begin excess property taxes payable times the new text end percent deleted text begin of incomedeleted text end new text begin paid by
the state new text end shown for the appropriate household income level deleted text begin along with the percent to be
paid by the claimant of the remaining amount of property taxes payabledeleted text end . The state refund
deleted text begin equals the amount of property taxes payable that remain, up to thedeleted text end new text begin under this paragraph
must not exceed the maximum new text end state refund amount shown below.
Household Income |
Percent of Income |
Percent Paid by deleted text begin Claimantdeleted text end new text begin State new text end |
Maximum State Refund |
$0 to 1,189 |
1.0 percent |
deleted text begin 15deleted text end new text begin 85 new text end percent |
$1,450 |
|
1,190 to 2,379 |
1.1 percent |
deleted text begin 15deleted text end new text begin 85 new text end percent |
$1,450 |
|
2,380 to 3,589 |
1.2 percent |
deleted text begin 15deleted text end new text begin 85 new text end percent |
$1,410 |
|
3,590 to 4,789 |
1.3 percent |
deleted text begin 20deleted text end new text begin 80 new text end percent |
$1,410 |
|
4,790 to 5,979 |
1.4 percent |
deleted text begin 20deleted text end new text begin 80 new text end percent |
$1,360 |
|
5,980 to 8,369 |
1.5 percent |
deleted text begin 20deleted text end new text begin 80 new text end percent |
$1,360 |
|
8,370 to 9,559 |
1.6 percent |
deleted text begin 25deleted text end new text begin 75 new text end percent |
$1,310 |
|
9,560 to 10,759 |
1.7 percent |
deleted text begin 25deleted text end new text begin 75 new text end percent |
$1,310 |
|
10,760 to 11,949 |
1.8 percent |
deleted text begin 25deleted text end new text begin 75 new text end percent |
$1,260 |
|
11,950 to 13,139 |
1.9 percent |
deleted text begin 30deleted text end new text begin 70 new text end percent |
$1,260 |
|
13,140 to 14,349 |
2.0 percent |
deleted text begin 30deleted text end new text begin 70 new text end percent |
$1,210 |
|
14,350 to 16,739 |
2.1 percent |
deleted text begin 30deleted text end new text begin 70 new text end percent |
$1,210 |
|
16,740 to 17,929 |
2.2 percent |
deleted text begin 35deleted text end new text begin 65 new text end percent |
$1,160 |
|
17,930 to 19,119 |
2.3 percent |
deleted text begin 35deleted text end new text begin 65 new text end percent |
$1,160 |
|
19,120 to 20,319 |
2.4 percent |
deleted text begin 35deleted text end new text begin 65 new text end percent |
$1,110 |
|
20,320 to 25,099 |
2.5 percent |
deleted text begin 40deleted text end new text begin 60 new text end percent |
$1,110 |
|
25,100 to 28,679 |
2.6 percent |
deleted text begin 40deleted text end new text begin 60 new text end percent |
$1,070 |
|
28,680 to 35,849 |
2.7 percent |
deleted text begin 40deleted text end new text begin 60 new text end percent |
$1,070 |
|
35,850 to 41,819 |
2.8 percent |
deleted text begin 45deleted text end new text begin 55 new text end percent |
$
.
970
|
|
41,820 to 47,799 |
3.0 percent |
deleted text begin 45deleted text end new text begin 55 new text end percent |
$
.
970
|
|
47,800 to 53,779 |
3.2 percent |
deleted text begin 45deleted text end new text begin 55 new text end percent |
$
.
870
|
|
53,780 to 59,749 |
3.5 percent |
50 percent |
$
.
780
|
|
59,750 to 65,729 |
4.0 percent |
50 percent |
$
.
680
|
|
65,730 to 69,319 |
4.0 percent |
50 percent |
$
.
580
|
|
69,320 to 71,719 |
4.0 percent |
50 percent |
$
.
480
|
|
71,720 to 74,619 |
4.0 percent |
50 percent |
$
.
390
|
|
74,620 to 77,519 |
4.0 percent |
50 percent |
$
.
290
|
new text begin
(b) A claimant shall be eligible for a refund equal to the amount that the claimant's
property taxes payable, net of any refund determined under paragraph (a), exceed five
percent of household income.
new text end
new text begin
(c) A claimant's property tax refund shall be the sum of the refund amount
determined under paragraph (a) and the refund amount determined under paragraph (b).
new text end
deleted text begin The payment made to a claimant shall be the amount of the state refund calculated
under this subdivision.deleted text end
new text begin (d) new text end No payment is allowed if the claimant's household income is $77,520 or more.
new text begin
This section is effective for claims filed in 2009 and thereafter
based on property taxes payable in 2009 and thereafter.
new text end