City of Red Wing

Property Tax Report

Tuesday, June 26 2012 12:00 AM

Red Wing City Council heard from Joe Sullivan, a representative of the Coalition of Greater Minnesota Cities. The Coalition is state organizations of seventy-nine outstate cities dedicated to keeping greater Minnesota strong, vibrant and attractive for business and families. Joe reported on the 2012 legislation session and highlighted several areas including taxes, infrastructure grant programs, and annexation and environment legislation.

Charts displayed illustrated the property tax situation for cities in Greater Minnesota. The first chart, titled Anatomy of 2012 Property Tax Increase shows that cities in Minnesota experienced reduction in state aid and credits of $290,000,000. To address the reduction in revenues, cities increased local property taxes by $56,000,000. The state increased state property taxes by $24,000,000.

There was also a graph specific to Red Wing. It shows the accumulated Loss of State Aids as Compared to the Increase in City Property Tax Levy. The reduction in Local Government Aid between 2008 and 2011 is just under $3,000,000. The total aid reduction if combining Local Government Aid and Market Value Credit between 2008 and 2011 is $3,877,545.  During this same period of time the Red Wing City Council has levied back an increase in City property taxes of $357,297.

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