Laserfiche WebLink
<br /> , <br /> , <br /> . <br /> 1996 TNT Notices (2) 11/1/95 . <br /> What is a "Truth In Taxation. Notice? <br /> In 1988 the Legislature enacted the "Truth In Taxation" provisions <br /> to encourage taxpayer participation in local government's budget <br /> and tax levy determinations. A notice is sent to each property <br /> owner showing their market value, actual current year's taxes, <br /> proposed taxes for next year and % change in taxes. Also shown is <br /> where and when the county, city, school and metropolitan special <br /> taxing districts will be meeting to discuss their levies. Taxpayers <br /> are invited to attend these hearings. <br /> In 1993 the Legislature added the provision that Ramsey County, <br /> the city of St. Paul and the St. Paul school district #625 must <br /> have a joint hearing on the 2nd Tuesday in December. <br /> Since proposed levies must be certified early in the budget process <br /> and because the law provides that the taxing authority can only <br /> lower (cannot raise) their proposed levy, the proposed tax levy ~ <br /> is in effect a maximum levy. The taxing authorities do not know <br /> the tax impact of the proposed levy at the point it's certified - <br /> because many of the factors in the tax formula are not finalized, <br /> - <br /> "Truth In Taxation" Timeline - <br /> County Assessor mails value notices in February & - <br /> March _- <br /> County Board of Equalization meets in June I <br /> County Assessor's finalize values for TNT by July 1st <br /> Joint Property Tax Advisory Committee ( Rams ey I <br /> county, St. Paul, St. Paul school district <br /> #625) agree on overall level of property tax <br /> in St. Paul by September 1st <br /> I <br /> MN Department of Revenue certifies state aids by September 1st <br /> Taxing authorities (except school districts) I <br /> certify proposed tax levies to property <br /> Records & Revenue by September 15th <br /> School districts certify proposed tax levies I <br /> to Property Records & Revenue by September 30th <br /> Property Records & Revenue mails TNT notices November 13 th I <br /> Ramsey County, St. Paul and the St, Paul school 2nd Tuesday in <br /> district #625 hold joint TNT hearing December <br /> (December 12th I <br /> this year) <br /> .. <br /> h_.. <br /> I <br />