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| Home -> Departments -> Property Records & Taxation -> FAQs -> Property Taxes |
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Property Records & Taxation Home Page Understanding Your Property Assessment
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FAQs - Property TaxesQ1. Where can I find an online tax statement to print off for my use? Currently we do not have an online statement that can be printed. If you are using the information to file for a property tax refund using the M1PR form, you can access the information that the State of Minnesota will need by clicking on the Property Information link on our home page and accessing the parcel’s property information. The summary page shows the tax amounts near the bottom of the page labeled Tax Amounts for M1PR. You can also print out the summary page and include it with your refund request. If you would like a full duplicate tax statement, you can call 763-323-5400 and request a duplicate be sent to you. Q2. When are my property taxes due? How your property is classified and/or the tax amount, will determine when your taxes are due.
Q3. Is there a grace period for paying my property taxes? No. Q4. If I pay my property taxes late, is there a penalty? If you pay your first half and second half property tax after the due dates, a penalty will be added to your tax. The later you pay the greater the penalty you must pay. Download a table in Adobe Acrobat format that shows the penalty you will pay if your property taxes due are not paid before the date shown. Agricultural Homesteads: If the due date for your second half property tax payment is November 17 and your property is classified as agricultural homestead property, the penalty rates for late payments are: 6% if you pay from November 18 through November 30; 8% if you pay from December 1 through January 1; and 10% if you pay on January 2, 2009 or later. Agricultural Non-homesteads: If the due date for your second half property tax payment is November 17 and your property is classified as agricultural non-homestead property, the penalty rates for late payments are: 8% if you pay from November 18 through November 30, 12% if you pay from December 1 through January 1; and 14% if you pay on January 2, 2009 or later. Note: The taxes for personal property located on leased government-owned land may be paid in two installments which are due at the same time as real property taxes, and which are subject to the same penalty schedule and penalty rates as real property taxes. All other personal property taxes are due in full on or before May 15, 2008. Q5. What is "Tax Capacity Value?" "Tax Capacity Value" is determined by multiplying the market value of the property by the statutory percentage rates (also called class rates) for the specific classification(s)/use(s) on the property. Minnesota has many class rates and those rates can be changed only by the State Legislature. Call Anoka County Property Records and Taxation Division for a list of the current class rates. For example: the class rate for homestead property is significantly less than the class rate for commercial or industrial property. The classification of a parcel determines what percentages are to be used to determine the total tax capacity of each parcel in Anoka County. Q6. What is "Tax Capacity Rate?" The "Tax Capacity Rate" is determined annually by the County Treasurer/Auditor. This rate is multiplied by the "Tax Capacity Value" to arrive at the property tax. The "Tax Capacity Rate" is a result of dividing the property tax levies submitted by the taxing authorities (school district, county, city/township, metropolitan authorities, etc.), by the overall/total tax capacity value for that taxing jurisdiction. A separate tax capacity rate applies to commercial/industrial/utility property because of the fiscal disparities (tax sharing program in the seven county metropolitan area). Contact Anoka County Property Records and Taxation Division for information on the fiscal disparities program. Commercial/Industrial properties also pay a statewide general property tax. Q7. What is a "Truth in Taxation Notice" (TNT)? The "Truth in Taxation Notice" (TNT) as known as the "Notice of Proposed Taxes" is mailed in mid-November each year. The notice estimates the property tax you will pay in the following year if the taxing jurisdictions approve the budget amounts they are considering. Property owners are invited to attend meetings held by the local units of government to express their opinions on local budgets. Note: This is not the meeting to discuss your taxable market value. Q8. What happens at the Truth in Taxation meetings? The usual format of the meeting is a budget presentation by the taxing jurisdiction followed by public comment and questions. Q9. My school district held a referendum at the November general election. If it passed, is the increase reflected on this Truth in Taxation Notice? No. The notices are only based on levies prior to the referendum election. The school district mailed all properties a notice detailing the tax impact of the passage of the measure. You need only add the appropriate amount from the notice to the amount on the TNT notice to get you estimated taxes. An updated notice will not be mailed. Referendums passed at the September primary election are included on the TNT notice. Q10. What factors affect my property taxes? There are several items that affect your taxes.
Q11. Who determines my property tax? There are three entities that determine your property tax.
Q12. Does increasing property value always increase my taxes? No. Governmental units must set a tax levy each year. Increasing the tax levy is the only way that a governmental unit will receive more tax dollars. Q13. What is "Fiscal Disparities?" Fiscal disparities is a tax base sharing program created in 1971 in the seven county metropolitan area to promote better regional planning and improve equity in the distribution of fiscal resources. Forty percent of the growth in commercial and industrial property is "shared" with all taxing jurisdictions in the seven county metropolitan area. Q14. What is "Tax Increment Financing?" A municipal development program enabling a city to use the additional property taxes that a proposed development project would generate to finance land acquisition, demolition and other costs necessary for that development to occur. Usually the issuance of a bond is necessary to finance these up front costs. Bonds are repaid by the extra taxes that are generated by the new development and construction. The taxed captured to repay the bonds come from all the taxing districts that normally levy a tax on the property. Properties with the same market value, class and area will pay the same tax even if one is in a tax increment district and the other is not. Q15. Why do I have to pay late fees if I didn’t receive my tax statement? Only one tax statement per parcel is mailed per year, statements are mailed in mid March. A change in the ownership recorded after January 1 of the current year will not initiate the mailing of a new statement. The statement will be sent to the previous owner/or taxpayer. If you paid off or refinanced your mortgage and were escrowing your tax payment, you are responsible for paying the taxes due. Failure to timely pay your taxes due to not receiving or having a tax statement will not forgive the imposition of penalty and interest. If you have not received your tax statement(s) by April 1st on any year, please call 763-323-5400 and request a duplicate. Q16. What are the waste management fees? Minnesota counties are mandated by law to reduce
both the volume and hazardous nature of waste. The law also prohibits metropolitan
counties including Anoka County from landfilling unprocessed waste.
page last updated -
07/09/2008 |
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