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ExecutiveSummary:StudyoftheMetropolitanAreaFiscalDisparitiesProgram <br />FortheMinnesotaDepartmentofRevenue <br />ResidentialHomesteadBurden <br />TheMinnesotaDepartmentofRevenuemaintainsadatabaseofpropertytaxandincomeforeach <br />homesteadinthestate›{š­­7·,­;|œuFortheFiscalDisparitiesanalysis,theVossdatabaseisused <br />toprovideinformationonthe propertytaxburdenasapercentofincome bothunderthecurrentFiscal <br />Disparitieslawaswellasiftheprogramwereeliminated.Dataarefromtaxespayableyear2008. <br />Figure21.ResidentialHomesteadPropertyTaxBurdenbyCounty(2008) <br />ResidentialHomesteadTaxes <br />MedianTotalNetTax*MedianTotalNetTax*Inc/(Dec)HomesteadBurdenHomesteadBurden <br />CurrentLawNoFDNoFDCurrentLawNoFD <br />County <br />Anoka$2,252$2,403$1513.27%3.49% <br />Carver$3,013$3,107$943.38%3.48% <br />Dakota$2,530$2,604$743.13%3.23% <br />Hennepin$2,785$2,784($1)3.67%3.65% <br />Ramsey$2,320$2,426$1063.45%3.63% <br />Scott$2,886$2,990$1043.51%3.62% <br />Washington$2,469$2,559$902.98%3.08% <br />OverallMedian$2,577$2,640$633.41%3.49% <br />*TaxesPayable2008(latestdataavailableforHomesteadBurdenanalysis). <br />Source:MNDept.ofRevenue <br />AssumingeliminationofFiscalDisparitieswithnoadjustmentinlevyamounts,mediantaxespaidwould <br />increaseinallcounties,exceptHennepinwherethedecreasewouldbenegligible.Asapercentof <br />income,thehomesteadburdenwouldincreaseforallpropertyfrom3.41percentto3.49percent.The <br />largestincreasewouldbeininAnokaCountyincreasingfrom3.27percentto3.49percent(a.22percent <br />increase).Hennepin/šÒ“·äx­burdenwoulddecreasefrom3.67percentto3.65percent,a.02percent <br />decrease. <br />Lookingatthedatagroupedbyregionaldevelopmentclassificationyieldsthefollowingresults. <br />23 <br /> <br />