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ExecutiveSummary:StudyoftheMetropolitanAreaFiscalDisparitiesProgram <br />FortheMinnesotaDepartmentofRevenue <br />Figure8.AverageWagePerJobbyCounty:1970to2009 <br />TaxBaseComposition <br />Taxbasecompositionwasalsoevaluatedtounderstandfiscalconditionsintheregionandchangesover <br />time.Resultsarepresentedinthebodyofthereportbycountyfor1996and2011showingthedollar <br />3 <br />amountsandsharebytypeoftaxcapacity(residentialhomestead,commercial/industrial,andother). <br />In1996,taxbaseintheregionwasgenerallyevenlysplitbetweenresidentialhomesteadand <br />commercial/industrialproperties.HennepinandRamseycountiesweretheonlycountieswithahigher <br />percentageofthetaxbaseincommercial/industrialproperty,howevercountieshadarangeof40to60 <br />percentofitstaxcapahomesteadproperty.Thecharacteristicsofthetaxbasehas <br />cityfromresidential <br />shiftedby2011,partlyduetostatepolicychanges,especiallyfrom1997to2002,thatsignificantly <br />changedclassratestoreduceC/Itaxbaserelativetoresidentialhomesteadtaxbase.In2011,all <br />countieshaveamajorityofitstaxcapacityfromresidentialhopropertieswithmostcounties <br />mestead <br />3 <br />Taxcapacityisbasedona¦©š¦;©·äx­marketvalueandthestatemandatedclassificationsystembylandusetype <br />(e.g.,residentialhomesteadpropertyunder$500,000hasaclassrateof1.0percentcomparedtoa <br />commercial/industrialpropertywithaclassrateof1.5percentforthefirst$150,000invalueand2percentover <br />$150,000.). <br />8 <br /> <br />