Loading...
Meeting Schedule MEETING REMINDER CHANHASSEN CITY HALL, 690 COULTER DRIVE May 10 , 1989, 7: 00 p.m. - Meeting with Orlin Shafer, County Assessor May 15, 1989, 7 :00 p.m. - Community Center Task Force Meeting 7 : 30 p.m. - Joint- City Council/HRA Meeting May 16 , 1989, 7 : 00 p.m. - Board of Equalization and Review ( Property Equalization Meeting) June 5 , 1989 , 7 : 00 p.m. - Position Classification and Pay Compensation Plan . . CITY OF _ , ,..4 \ \I . i CHANHASSEN' ,„,,, , ._,- 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317 ` = (612) 937-1900 MEMORANDUM TO: Mayor and City Council FROM: Don Ashworth, City Manager DATE: May 8, 1989 SUBJ: Discuss Assessing Practices with Carver County Assessor, Orlin Shafer It has been a number of years since we had a worksession with the County Assessor' s office. This is a contractual service between the County and City wherein they are required to review and assess i of the properties within the City every year. Property valuations which will be the subject of the Board of Equalization meeting on May 16, 1989 represent the work efforts of the Assessor ' s office from January 1, 1988 through the end of the year. Accordingly, our worksession for the 10th really has two functions , i .e: - Review 1988 Changes : This represents the specific changes already made by the Assessor and the values which have been sent to property owners for the Board meeting on May 16th. Although the City Council does have authority to modify these, changes cannot be more than 1% of the total gross values within the community. Except for understanding how and why the values were arrived at by the Assessor, the Council has very little opportunity to change such. Values set by the local board in May are forwarded to the County for them to conduct a County-wide assessment hearing, i .e. to insure that each of the cities/townships are equalized. All counties must submit their values to the Commissioner of Revenue who is to verify that equaliza- tion exists between all counties in the state. [Note: It was the Commissioner' s order of adding 15% to all commercial/ industrial properties in Carver County which generated so much discussion two years ago. ] The Commissioner must finish this work before October so that those equalized values can be used by the auditor in calculating taxes payable in the following year; and - Discuss Policy Changes : If the detailed review show that certain segments of homes/ classes of property are not Mayor and City Council May 8, 1989 Page 2 being equalized to the extent desired by the Council, this portion of our agenda should allow for discussion of those policies. Hopefully, we can come to agreement with Mr. Shafer as to objectives that the Council would like to see met during 1989 so that the Board of Adjustment meeting in May, 1990 can more properly reflect desired goals and objectives of the Council. After reviewing the attached information, should you have any questions, please feel free to contact me. 6S1111116 lbe� J - Y/ The property tax • -Y The property tax is one of the oldest, and also one of the least honored, ways of raising government revenue. Nevertheless, the tax, which has been evolving `' since colonial times,is one of the main supports of such local government services as police and fire protection and education. Although some features of the tax- . as those which require intragovernmental uniformity in tax rates and prop- erty assessments—represent an attempt to obtain a fair distribution of the tax burden, the tax has always been the subject of substantial controversy. The controversy, howeger, has intensified on many levels in recent years.' Academic economists, employing different theoretical models, have debated the effects of the tax on income distribution.It has been argued that the property tax is unduly regressive,and concerned legislators in some states have attempted to offset this perceived characteristic by introducing"circuit breaker"provisions and other measures which provide some tax relief for the aged and the poor. The employment of property tax as the basis of local educational expenditure has been attacked on the grounds that the resulting disparities in school spending among local districts are unfair and unconstitutional. Criticism of the tax has been more than academic;use of the tax is being curtailed by taxpayer restrictions such as Proposition 13 in California and similar measures in other states. Partially as a result of these developments, local government reliance on the property tax has been diminished somewhat. General revenue sharing (GRS) and other aid from the federal government and substantial increases in state funding levels—especially support for education—have reduced the share of total local revenues raised by the property tax. The increased use of other taxes, especially in cities,has added to the percentage of local government tax revenues based on property tax. In spite of these developments, the property tax is, and is likely to remain, the most important source of local government revenues. Criteria for tax equity, efficiency, and effectiveness Several criteria may be used to decide whether to impose a tax and to judge its equity, efficiency, effectiveness, and long-range acceptability. These criteria are briefly set forth as essential background for the sections of this chapter that deal with the origin and development of the property tax, the controversial areas affecting the property tax, and the administration of the property tax. 1. Fairness. A tax should reflect the ability to pay of those who bear its burden, or the tax burden should be matched by the benefits that taxpayers receive. In general. taxes that take a higher percentage of the income of the poor (regressive taxes) are considered unfair. 2. Certainty. The rules of taxation should be clearly stated and evenly applied. In the case of the property tax, appraisal of property should reflect its market value without bias. 3. Convenience. A tax should he convenient to pay, with billing dates that coincide with the income streams of taxpayers. However, the opportunity to make monthly escrow payments (under mortgage contracts) and J 124 Management Policies in Local Government Finance quarterly payments has made payment of the tax more convenient than a lump sum payment each year. 4. Efficiency. Fair administration should be feasible and efficient. The administration and collection costs should not be out of proportion to the revenues. A tax should be appropriate for its geographical jurisdiction; it should neither be easy to avoid nor too costly to enforce. 5. Productivity. A tax should produce sufficient, stable revenue. 6. Neutrality. A tax should not distort the way a community would otherwise use its resources—unless it is very clear that a change is socially desirable. Origin and development of the property tax The property tax is not a tax on all wealth;it is a tax on certain types of wealth, that of a person or a firm. Real estate is the main element in the tax base. Many elements of personal property are not taxed, and the property of some owners (other governments and nonprofit institutions)is exempt.The tax rate is applied to the assessed value of a taxable property owned on the assessment date. The -assessed value ideally reflects the value of the property involved; no reduction is made in the assessed value because of a mortgage or other debt carried on the property. In the colonial period, various categories of property were listed as part of the property tax base, with a specific tax rate for each category. Unless a type of property was specifically cited by law, it was not included in the tax base. However, by the middle of the nineteenth century, the tax had evolved into a general property tax. All property was considered part of the tax base unless • , specifically exempted by law; and a uniform rate, specified by a state law or constitution, must be applied to all property within each district. Property own- ership was considered an indicator of the ability to pay taxes, an equity that precluded discrimination among types of property as well as among taxpayers. Property Real Property Personal Property (Realty) (Personalty) Land and improvements, including buildings and other structures Tangible Intangible Household goods, Claims to the value of motor vehicles, real property ano inventories, tangible personal property machinery and in the form of equipment,etc. stocks, bonds.notes, mortgages, etc. i r 1 , 1 , Figure 6-1 Categories of real and personal property • . � I f. The Property Tax 125 ,' At the time, the evolution of the tax to a general property tax and the development of uniformity provisions were thought to be reform measures de- signed to remedy the ills of special property taxes. More recently, some states have introduced property tax classification and provided different rates for dif- ferent categories of property. These measures, too, are considered reforms. In some cases, different rates are established for residences, farms, and businesses, resulting in different impacts on the distribution of the tax burden. In other cases,different rates on agricultural and open space uses is an attempt to preserve farmland and undeveloped areas. There are very practical problems with discovering, assessing, and applying a property tax to intangible personal property such as secunties,mortgages, and cash. This kind of property generally is exempted from taxation or taxed at lower rates than tangible property. Moreover, a tax on intangibles is easy to avoid and costly to administer fairly. Thus, while some have proposed taxing intangibles at relatively low rates, others argue that it is wisest to eliminate intangible property from the property tax base altogether.2 Scope of the propej(y tax In few places is there a truly general property tax, one that covers and taxes all properties at uniform rates. Although some states have as many as twenty-five classes of property, the tax revenue is primarily derived from real estate that consists of land and improvements and structures on the land. This is clearly shown by the data on property tax collections by source in Table 6-1. Nearly half of the local property tax revenue in 1967 and 1977 was from residential real estate, including farm residences and single-family and multiple family homes. In 1977, business real estate, exclusive of public utilities, accounted for 18.7 percent of total property tax collections, a decline from the 20.5 percent share in 1967. Real and personal property tax collections from public utilities declined from 7.5 percent of the 1967 total to 5.7 percent of the 1977 total. Personalty, or tangible and intangible personal property as distinct from real estate, declined in relative importance as a source of tax collections. Where Table 6-1 Estimated property tax 1967 1977 collections by source: 1967 and 1977' Distri- Distri- Amount bution Amount button Source (in millions) (%) (in millions) (%) Households $13,293 510 $32.982 52.7 Realty3 11,957 45.9 30.447 486 Personalty.' 1,336 5 1 2.535 4 1 Business firms 10,155 39 0 21 642 34 6 Realty, 5,327 20.5 1 1.672 18 7 Personalty' 2,883 111 6.405 10.2 Public utilities 1,945 7.5 3.565 5 7 Acreage in farms 2,082 8.0 5.973 9 6 Vacant lots 517 2.0 1 938 3.1 Total 26,047 100 0 62.535 100 0 Source:U-S.Advisory Commission on Intergovernmental Re- family homes and about$5 billion or 8 percent.from mul- lations. Warmly units 1 Includes state property tax collections.estimated at$862 4 Includes taxes on furniture and caner household effects, million for 1967 and$2.260 million for 1977 The state taxes motor venicles.and intangibles were primarily tom utilities.railroads,and motor vehicles. 5 Commercial and industrial.other titan puolrc utilities. 2 Includes farm nomes. 6 For oilier man puulic inc.ujes saxes on mercnan• 3 Includes born single-family dwellina units and apartments: mime and on manufacturers mven'ams. loom, and ma- in 1977,about$26 billion,or 41 percent.was tom single- chinery 126 Management Policies in Local Government Finance personalty was taxed, it was mostly on the inventories and equipment of mer- chants and manufacturers and other business firms (except utilities). It declined from an 11.1 percent share in 1967 to a 10.2 percent share in 1977. Taxes on such items of personalty as furniture and other household effects,motor vehicles, and the intangible personal property of households declined from 5.1 percent in 1967 to 4.1 percent in 1977. The property tax is levied by some state governments as well as by local governments. In fact, in 1902 the states collected $82 million in property taxes, which was 52.6 percent of total state tax revenues. By 1978, however, state property tax revenues, which had risen to $2.3 billion, only represented 2.0 percent of total state tax collections.' The states, taxing primarily utilities, rail- _ roads, and motor vehicles, make minimal use of property taxes. States have come to rely primarily on sales, income, and other excise taxes, and virtually have left property taxation in the exclusive domain of the local governments. On an overall basis, property tax revenues have declined relative to other taxes. Property taxes accounted for 82.1 percent of the sum of state and local tax revenues in 1902. This ratio declined to 45.9 percent in 1948 and to 34.1 percent in 1978. -- Revenue growth • The decline of the importance of the tax on an overall basis does not mean that there has been any decline in the absolute level of property tax collections by local governments. The average yearly rate of increase in local property tax collections was greater than 8 percent through the 1970s. As Table 6-1 shows, collections increased by nearly 150 percent from 1967 to 1977. The property tax still represented 89 percent of local government taxes in both 1902 and 1948, although it had become more than 97 percent of the total in 1932. By 1978 there was an increased use of other local taxes. Nevertheless, the property tax still - accounted for more than 80 percent of local government tax collections. Nationally, the property tax has remained the major source of local financing ` for local government services. Property tax revenues did not nse as rapidly as total local government revenues or expenditures in the 1970s, largely because of the dramatic increases in federal and state grants and partly because of the increased local government employment of sales and excise taxes. However, the t property tax remained important in many communities, especially in particular 1 areas of the nation. In twenty-two states, local governments derived 90 percent • or more of their direct tax revenues from the property tax. The New England, Great Lakes. and Rocky Mountain regions relied most heavily on property taxation. In the Southeast there has been less reliance on property taxation and more use of the sales tax. In the Southeast, however, nine local governments derived, on the average, more than two-thirds of their local tax collections from levies on property. • Controversial areas Although the property tax has remained the major tax of local governments, it has for a long time been one of the least popular sources of public revenue. The tax has been attacked as unlair because the base, unlike that of a net wealth or income tax, does not fully reflect ability to pay and appears to impose unrea- sonable burdens on the poor The very nature of the tax has been attacked as one that cannot he administered efficiently or fairly and as one that has en- couraged urban blight, suburban sprawl, and unfair dispantics in local govern- ment services. More recent analyses, however, have challenged the traditional • view that the incidence of property taxation rests most heavily on those with • The Property Tax 127 ' i lower incomes. and changes in state laws and local practices have reduced some of the regressive pressures. As a local tax used to support local services,the property tax is a highly visible levy whose costs can be related directly to the benefits of local government programs. This visibility is part of the basis for two developments that originated in California in the 1970s and have had impact over the whole nation. One of these was the problem involved with use of property taxation as the basis for local expenditure on public education; the other was a general move to limit the burden of property taxation and the level of local government spending. Financing education In 1971, the California Supreme Court ruled that a local government system to -- finance public education that discriminates among students on the basis of wealth in the school district is in violation of the equal protection clause in the United States Constitution.4 In a state school program that relied on local property taxes, the quality of a child's education would depend on the property values of the communiy. A child in a poor community would receive less of an edu- cation than a child in a wealthy community. The Serrano case, and others that followed in other places, made it clear that the wealth or income of the state as a whole should determine the level of spending for every child in the state. Although the court decisions required the end of any discrimination against any definable group and called for more intrastate equalization of educational 1 spending, the means to accomplish this became the responsibility of the state 4 legislature. The property tax was not discarded as a major source of school support, nor was there any attempt or directive to equalize educational spending on a national (rather than intrastate) basis'—even though the reform of the system of financing public education was a matter of national concern. Among the ways that states could respond to the move for retorm was to increase their efforts under equalization and support programs for public schools. During the decade 1962-1972,the national average of state shares for the support of public elementary and secondary school education rose only trom 40.5 percent to 42.0 percent of total local school costs. However, by the 1978 school year, the state share had risen to 48.3 percent. State governments now provide the financing for the major share of local expenditures for schools.' With the rising I contributions from the states and from general revenue sharing in the 1970s, there was a decrease in the pressure on local property taxation tor the support of the schools. The tax limitation movement' From the mid-1970s on, there has been a growing movement to enact restrictions on the growth of taxes. The restrictions that have been used are not uniform across all states. In a number of states, limits have been placed on revenues alone; in other states, limits have been placed on expenditures. Sometimes the limits have come in the form of amendments to state constitutions; sometimes they are simply acts of the legislature. The modern movement to limit govern- mental activity began in California, with an attack on the property tax spear- headed by Harold Jarvis. The experience in California culminated in voter passage of the famous Proposition 13. The revolt against the property tax stems from the combination of two de- velopments: the proportionately greater growth of property %clues relative to income and the increasing employment of such sophisticated devices as the computer to keep assessments up-to-date. The success of the assessor. one who keeps assessment values abreast of rising property values, means that in boom • I I/ 128 Management Policies in Local Government Finance areas such as California,the property tax escalates faster than income and various government units ride a curve of rising revenues. The essential features of Proposition 13 have been neatly summarized by William Oakland: _ The Jarvis-Gann Amendment, or Proposition 13 as it has come to be known: (1) restricts the property tax rate to no more than one percent of assessed value; (2)sets assessed value for a property which has not been transferred since 1975-76 equal to its fair market value in that year plus two percent per year(compounded); in the event that the property has been transferred since 1975-76, the market value at the time of sale is used(plus the two percent growth factor); and (3) requires that new taxes or increases in existing taxes(except property taxes) receive a two-thirds approval of the legislature in the case of state taxes,or of the electorate, in the case of local taxes.8 Although the initial voter approval of the Jarvis-Gann Amendment that placed Proposition 13 into the California constitution caused considerable trepidation # among local state officials, the actual belt tightening and cutting of programs was less than anticipated because the state government had a considerable sur- i plus, which it parcelled out to the local governments. The initial passage of _ Proposition 13 has been followed, however, by the passage of Proposition 4, which is essentially an attempt to further restrict increases in governmental activity. Proposition 4 limits increases in governmental spending to increases in population and to the consumer price index (CPI) or state per capita personal income, whichever is lower. Thus, it is worth noting that although the Jarvis movement and Proposition 13 were most heavily directed against the property tax,there is some evidence that the voters in California also have been registenng a general protest against the size of the public sector. The underlying forces leading to Proposition 13 and the potential economic and financial impact of tax limitation legislation were the topics studied at a conference held in 1978 at the University of California, Santa Barbara. The • proceedings contain some important insights into the implications of the tax limitation phenomenon.' Shapiro, Puryear, and Ross, for example, suggest that Proposition 13 may be best explained not as a simple reaction against a Leviathan government but rather as "an expression, by the property owner-voter, of dissatisfaction with beanng a growing share of the public financial responsibility."10 Between 1965 and 1979 the assessed values of single-family housing in California increased at • a much faster rate than the assessed values of commercial and industrial property in that state. Shapiro et al. also point to public opinion findings that implied that Californians were generally satisfied with the level of public services re- ceived. Legislation that changes the mix of taxes in favor of sales and income taxes may, by favoring these more elastic revenue sources, actually promote a larger rather than a smaller public sector was another point made by Shapiro et al. In another interesting contribution. Brennan and Buchanan suggest that the taxpayer revolution can be satisfactorily understood only in a public-choice set- = ting they call the nonbenevolent despot model. In such a system, constitutional rather than electoral constraints may he needed to express citizen preterences." Is the current wave of tax and spending limitation movements a transitory phenomenon? Michael Boskin feels "that nothing could he further from the truth." Boskin's insight is that"the concern over government spending and taxes is primanly a concern over the total tax burden and the aggregate amount of spending at all levels of government."'=Taxpayer unrest has developed because "all growth in income in the United States since 1973 has been either eaten away by inflation or gone into government spending."" Tables 6-2 and 6-3 contain data compiled by the U.S. Advisory Commission .• on Intergovernmental Relations(ACIR)that show the extent of the tax limitation • :t, £_''�N.y Y �.' S L -.!r 4i-A a •� t d - ''''r Enl.. - �, -4.._:1.:- '''17.-=:':-:_ - f.- The Property Tax 129 / Table 6-2 State limitations on local government taxing and spending powers Item Property Full Property tax rate disclosure tax levy Expenditure Assessment limits laws limits lids constraints Number of states with such laws prior to 1970 40 0 3' 12 Number of states with 0 such laws by November 1979 403 104 205 86 6' Source:ACIR staff compilation based on data prepared by tana, Texas, Virginia, Tennessee. Kentucky, and Rhode IAAO,CCH,and ACIR. I Prior to 1970:Arizona.Colorado.and Oregon. Island. g 5 By November 1979:Alaska.Arizona.Colorado,Delaware, 2 Prior to 1970:Arizona. Indiana, Iowa. Kansas. Kentucky Louisiana, Minnesota. 3 Due to rapidly rising property values.tax rate limitations have lost most of their effectiveness as a tax control mech- Ohio,Florida.Oregon.M ssath usetts,N Utah.xico n and Ut wiscon- anism.As a result,states are now adopting other forms of 6 By November 1979:Arizona.Iowa.Kansas,New tah. Jersey, tax and expenditure controls. Massacnusetts.Nebraska.Nevada.and California. 4 Includes only those states that redwre automatic property 7 Includes those states placing a limitation on annual as- tax rate rollback to offsat.caost or all of annual increases sessment increases.States with such limitations by Sep- in the assessment base in the absence of a rigorous full tember 1979 include:California.(Paso.Minnesota.Iowa, disclosure procedure. '.e paid announcement of pro- Maryland.and Oregon.In addition,Nevada will loin this list posed tax increase and public hearings.States included if a ballot measure approved in 1978 receives voter sp- are as follows:Arizona.Florida. Hawaii. Maryland.Mon- proval again in 1980. movement. The number of states with levy limits on property tax has increased dramatically since 1970. All of this legislation is bound to have serious effects because all states do not have surpluses to act as a fiscal cushion against the new limits. Since the federal government is itself in a belt tightening mood, it is not likely that the tax limitation pressures will be mitigated by increased state and local reliance on federal aid. State and local governments will be forced, there- fore, to Increase their productivity, make greater use of fees and charges, and shift some services to the private sector. In her analysis of the tax and expenditure limitation movement, Deborah Matz recognized these forces and concluded: It seems more likely than not that even if the limitation movement per se has lost some of its momentum, fiscal austerity at all levels of government will prevail. The biggest losers stand to be the poor and lower income families who may not be able to afford new or increased user tees or private service contracts." Despite the reduction in local cost pressures on education and the property tax reductions resulting from Proposition 13, major efforts also ‘N ere made in California to limit local expenditure." Other states during the 1970s moved to limit both taxes and expenditures, as illustrated in Tables 6-2 and 0-3. • The requirement to balance budgets in local governments has led some analysts to conclude that the controls of the 1970s went beyond the attempts made in 1 1930 to limit the burdens of the property tax.The rationale for a balanced budget is to limit local government expenditures and taxes simutaneously and. in some states, to shift the burden from property to other tax sources or to shift some of the financing burden to the state governments.'" One analyst suggested that rejection of tax increases in the Michigan tax rate referenda, for example, gen- erally indicated that local services had attained or exceeded the level voters considered optimal." In any case, voter initiative provisions on tax rates and other property tax controls were said to have increased because of the rapid growth of local government spending and taxes.'s Although some critics of such controls have suggested that simply reducing the property tax would not improve its fairness,''ACIR has called for moderation (1.0 percent to 1.5 percent of market value) in the use of the property tax base. • .rte - l.y.j,.-,"vt L_.ai�. .W;-+."�'F{ -Y4V'f�' '�� s+... - • J 130 Management Policies in Local Government Finance Table 6-3 Recent state and local revenue/expenditure limitations 1 January 1976-1 January 1980. Constitutional State Local State Year or statutory' limitation limitation2 Remarks New Jersey 1976 S X X State expenditure growth is limited to the increase in state personal income. Municipalities cannot increase their budgets by more than 5% per year Both limits can be exceeded only by a majority vote on a referendum. Colorado 1977 S X State general fund expenditures are limited to a • 7%annual increase.An additional 4%may be allocated to a reserve fund, but amounts over 11% must be refunded to taxpayers. Michigan 1977 S X A Budget Stabilization Fund was established, • • with provisions for pay-in to the fund during periods of economic growth and pay-out during • recessionary periods. It is now used in conjunction with the 1978 state spending limitation. Rhode Island 1977 S X The legislature adopted a non-binding "suggested"8%cap on the annual growth of budget appropriations. Tennessee 1978 C X Increases in appropriations from state tax revenues are limited to the estimated growth in the state's economy The lid may be exceeded by majority vote of the legislature. • Arizona 1978 C X State spending is limited to 7°s of total state personal income. The limit may be exceeded by 2/3 vote of the legislature. • Hawaii 1978 C X Increases in state general fund appropriations are limited to the estimated growth in the state's economy Larger increases must be approved by a 2/3 vote of the legislature. Michigan 1978 C X State tax revenues can increase only as fast as the growth in personal income. If revenues exceed the limit by more than 1%, the excess • is refunded through the income tax. If the excess is less than 1%, it is placed in the Budget Stabilization Fund. The limit may be exceeded if the Governor specifies an emergency and 2/3 of the legislature concur Texas 1978 C X Increases in appropriations from state tax revenues are limited to the estimated growth in • the state's economy The limit may be exceeded by a simple majority of the legislature. California 1979 C X X Increases in state and local appropriations are limited to population growth and inflation The limits may be exceeded, but appropriations in the following three years must be reduced to prevent an aggregate increase in expenditures. The limits may be changed by the electorate. but the change is effective only for three years • G - • The Property Tax 131 Table 6-3 (continued) Constitutional State Local State Year or statutory' limitation limitationz Remarks Louisiana 1979 S X State tax revenues can grow only as fast as the 0 increase in personal income Proceeds from severance taxes are not included in the limitation. Massachusetts 1979 S X Increases in local government expenditures are limited to 4%. Override provisions are included. The limitation expires 31 December 1981 Nebraska 1979 S X No political subdivision may adopt a budget in which the anticipated receipts exceed the current year's by more than 7%. Further allowances are included for population growth exceeding 5%. The limit may be exceeded in •�� the event of an emergency or upon voter approval. Nevada 1979 S X X The state budget is limited to the 1975-77 biennium budget adjusted for population changes and inflation. Local budgets are tied to 1979 fiscal year budgets adjusted for population changes and a partial inflation allowance The limits may be exceeded "to the extent necessary to meet situations in which there is a threat to life or property Oregon 1979 S X The increase in state appropriations for general governmental purposes for the 1979-81 biennium is limited to the growth in state personal Income in the preceding two years. Utah 1979 S X X The annual increase in state appropriations is limited to 85%of the percentage increase in state personal income. The increase in local revenues may not exceed 90% of the percentage increase in state personal income, with further adjustments for population growth allowed. The limits may be exceeded by a two- thirds vote of the legislative body of a unit of government. Washington 1979 S X State tax revenues can grow only as fast as the average increase in state personal income over the three previous years. The limit may be exceeded by a 27-1 vote of the legislature. TOTALS 15 6 • Source:ACIR staff compilations based on:Commerce Clear- 1 C Constitutional S-Statutory ing House. State Tax Reporter National Conference of 2 Only the SIX state actions that placed o■erall limitations on State Legislatures,A Legislator s Uurde to State tax and local government revenues and experodures are included Spending Limits,March 1979 in this table. Since 1970. States have imoosed approxi- mately 35 other restrictions on the ability of local authorities to raise property taxes • 132 Management Policies in Local Government Finance - "As with any other tax, the heavier it becomes, the less obvious are its virtues and the more glaring its defects,"20 according to ACIR. Nevertheless, some concern remains for the equity of the tax and the traditional argument that the incidence of the property tax is regressive, falling more heavily on those with low incomes than on those with high incomes. - Tax incidence • - The argument that the property tax is regressive relies on several assumptions about the shifting of the tax burden and the spending patterns of different income groups. It is assumed that taxes on owner-occupied homes cannot be shifted, while the taxes on other residential property are shifted to renters in proportion to rents paid. The burdens of taxes on commercial and industrial properties also are assumed to be shifted to consumers through the prices charged for goods and services of these firms. Statistical studies show that those with lower incomes spend a higher per- centage of their incomes for consumption, and specifically for shelter, than do those with higher incomes. If this observation is coupled with the idea that much of the property tax burden is shifted through higher prices for goods and services, including housing,it appears that those people with lower incomes bear a greater tax burden as a percentage of their incomes. Using these assumptions, ACIR has published estimates of the incidence (burden) of the property tax as a percentage of the 1972 incomes of families in vanous income classes. The prop- ..__ erty tax burden was greatest on families with incomes of less than$3,000 in 1972, • or 13.0 percent of family income. The burden declined to 8.0 percent in families with $3.000 to $4,999 in income. It continued to decline as income rose, to 4.4 percent for the income groups making from$20,000 to$49,999 and to 2.1 percent of those incomes of $1 million or more. While the average burden was 5.0 percent of income, given these assumptions, those with incomes of less than $10,000 were found to carry a greater tax burden.=' ` Henry Aaron and others have challenged the traditional view of the regres- sivity_ of property taxation. Aaron suggests an alternative shifting assumption and warns that measuring the burden in relation to current income rather than permanent income may be misleading. Even if property taxation is viewed as I an excise tax on housing. Aaron has said, some measures indicate that the effective incidence of the tax shows progression for homeowners and propor- tionality for renters rather than regressive effects. Aaron views the property tax as a kind of national tax on owners of capital. He concludes that property taxes are thus borne by all owners of capital in the nation ui proportion to their ownership of capital. Because ownership of capital and levels of income are I correlated he concludes that the incidence of the property tax is. in the long run. progressive.22 ACIR also has published estimates of the distribution of the burden of the property tax as a percent of 1972 income,assuming that the tax on improvements is borne only by owners of capital. These estimates show the burden declining from 7.2 percent for those with family incomes under$3.0(X) to 2.6 percent, for those with incomes from $10,0(x) to $14,999. However, the burden then rises in stages to 24.6 percent for families with incomes from $5()0,000 to $1 million. and declines to 18.2 percent of income for those with income levels of$1 million or more.23 Given the assumptions that relate the tax burden to capital owners. these estimates indicate that the property tax is regressive for lower-income classes and that the burden declines as income rises. Beyond the middle-income range, however, the tax is progressive because the burden rises with increased levels of income. ACIR notes that this progressive effect may he overstated because the implicit income values for the shelter in owner-occupied homes is not included in the definition of income groups or in the estimates of the burden. Y _ � �t ,� . - All _ �.�.��..++ k^ +YC-✓4 I:R* • • The Property Tax 133 The ability of capital owners to shift the burden of the tax to others (in rental fees or in prices charged for products) has been viewed as critical to the deter- mination of whether the property tax is progressive or regressive. Richard Mus- grave has noted that different conditions in various markets lead to different conclusions about shifting the tax burdens for rental housing and shifting the burdens for different types of business property. However, he agrees with Aaron's.assertion that the use of lifetime income patterns would make the distribution of the property tax burden less regressive; he concludes that the property tax on housing is progressive.24 Nevertheless, some now believe that the property tax may be less regressive than estimated originally; they feel that the analyses that compare the income and tax rates of local governments are less reliable indicators than studies that compare burdens and incomes of house- holds within local governments.25 Dick Netzer, an economist who has spent much time studying the property tax, feels that the property tax is not a national tax, nor is it a general tax on capital. He notes that general policies are framed for fifty separate state systems and that separate determinations of rates and assessments are made by some 70,000 local units. As a result, he feels that definitive empirical work must be limited to particular places and times.26 Homestead exemptions and circuit breakers ACIR has noted that homestead exemptions and other programs of property tax relief may not have very significant impacts on the regressive effects of the tax. A homestead exemption excludes a determined amount from the assessed value of a single-tamily home before the tax rate is applied. The problem, however, is that in many states the amount excluded (sometimes up to $5,000) is the same for all homeowners, regardless of income, age, or property value. Instead of homestead exemptions, ACIR recommends the use of "circuit breakers," financed by the state government and specifically designed to provide relief for low-income homeowners and renters who may be overburdened by property taxes.' Since the adoption of the first circuit breaker by Minnesota in 1964, some twenty-nine states have adopted measures that partially shield low- income families from excessive property tax burdens. Circuit breakers vary sub- stantially among the states. Most states specify income limits that range from $2,500 to $10,000 per couple; the modal level of income ranges from $4,000 to $6,000. In most circuit breaker plans, the amount of relief declines as income rises, and no relief is offered once the income limit is reached. Some states include only homeowners in their programs; others also cover renters. Many programs are restricted to the elderly, with eligibility beginning at sixty-two or sixty-five years of age, and some offer state tax rebates or credits. ACIR has determined that, in general. these special provisions have made the property tax less regressive." It has been noted, however, that circuit breakers may favor those who are only temporarily poor and those with large amounts of property who may not be poor even if their current amounts of income are low. Moreover, the elderly, who might otherwise liquidate or trade down the value of their homes, may be induced to stay in them if the market values are not fully reelected in the property taxes levied on them as homeowners.'" A deferral of all or part ot tax liabilities until a set future date or until a future sale or transfer of property may be a better alternative to circuit breaker relief provisions for the aged.''' Capitalized value of income The property tax can, as noted.above, be viewed as an excise tax on shelter or 1 as a tax stream with a current value that is the equivalent ot a sales tax. Another I i 134 Management Policies in Local Government Finance view of the property tax is that of a capitalized tax on property—a view that often cites the property tax as a major cause of urban sprawl. Both income and property ownership can be viewed as separate bases of ability-to-pay taxation. Income, however, is viewed as a flow over a period of time, while capital, or property, is perceived as a stock of wealth owned on a particular date. These are related concepts because the property is expected to yield income over a future period. One way to determine the value of an asset is to capitalize the value of its expected earnings. For example. assume that a property is expected to yield $500 a year for an indefinite penod of time and that the market rate of return to capital is 10 percent a year. The capitalized value of the property is then $5,000, the same as any other asset expected to , yield$500 a year given a market rate of return of 10 percent. The owner of that property has levied on his or her account an ability-to-pay tax that is similar to the ability of another person who has an income of$500 from another source. A tax of 1 percent on the property value then imposes an annual burden of$50, . f the equivalent of a 10 percent tax on the $500 income cited in this example. i '• Circuit breakers The circuit breaker this approach superior to homestead provision for property taxes is an exemptions because the circuit breaker attempt to relieve persons of tax recognizes degrees of need for relief burdens that are excessive, in relation from the property tax. Because it is to their incomes or ability to pay. This state financed, the circuit breaker does provision is analogous to a circuit not burden local governments, breaker to prevent electrical overloads. especially those where the elderly and j It is designed to protect the poor from poor may be concentrated. However. --- -_ i a "tax overload' without affecting the some object to the provision on several property tax revenues from those who grounds. (1) it fails to recognize fully f are able to pay This is usually done by the ability of the eligible taxpayers to providing the relief at the expense of pay with savings, securities. or other 1 the state, rather than that of the local, assets; (2) it protects the estates of the I! governments. The relief, available to elderly, whereas permitting deferral of !, the elderly, the poor, or both tax payments would not; (3) it permits .: 1 (depending on the program), phases elderly owners to keep properties off out gradually as the income of the the market, preventing potentially better taxpayer rises. and it is not available uses and making property more for those above stated income levels. expensive and more difficult to obtain i for the young; and (4) it encourages • A property tax burden is considered greater local government spending by f excessive when it exceeds a stated making local officials less sensitive to - proportion of household income This the income pressures of taxpayers. Of 1 varies among the states, from 4 course, proponents of the circuit percent to 7 percent. Many states breaker offer responses to each of provide ceilings—on incomes, the these arguments. value of eligible property, and the amount of rebate or relief—and provide Source: U S. Advisory Commission on relief only for those above 62 or 65 Intergovernmental Relations. Financing years old Some states provide relief Schools and Property Tax Relief—A for renters as well as tor homeowners. State Responsibility A-40 (Washington, assuming that a stated proportion of D C Government Printing Office, rent (varying among these states from 1973), pp 43-51 10 percent to 30 percent) is for property taxes • The U S Advisory Commission on Intergovernmental Relations considers • /• The Property Tax 135 J Moreover, whenever there is a change in the tax, the difference may be capitalized and reflected in property value. In the example above, a property yielding $500 in income was valued at $5,000. If, with no other changes, an annual property tax of $100 were levied, the effect would be to reduce the aftertax income to $400. As a result, the value of the property would fall to $4,000, reflecting the capitalization of the tax increase. However, if the tax increase was accompanied by additional services (e.g., improved education or 1 recreation), this could increase the demand for such property and offset the effect of the tax increase. A tax decrease (with no drop in services) could be expected to increase the aftertax income and the capitalized value of the taxed property. The process of capitalization of the property tax has been cited as a cause of urban sprawl. In some areas, central city tax rates have risen more rapidly and '' are higher than those in suburban areas. The effects of this are greater tax burdens placed on property owners in the city, and a decline in the value of city property. Although city land and existing structures would have lower values, those planning new construction may nevertheless buy more expensive land in the lower-taxed suburbs—and still receive a lower tax bill and lower overall costs when the improvements and new buildings are counted.This spread of residential and commercial structures to lower-taxed outlying areas has been described as ,` urban sprawl. Classification by use `:(c if b! i Several different approaches have been taken in response to the problems of ‘`';s Ws'," L•'4' ; inner city deterioration and urban sprawl. In nine states and the District of v.r� J -)46 -' ' Columbia, property is classified according to its current use."As a result, open �,��� � land such as that used for agriculture may be taxed at a lower rate. A change { y P to urban uses would result in higher property tax rates, a process that slows the , o growth of urban sprawl. Tax classification is also used to realign the burden by 0' 7 placing higher rates on business properties than on farms or homes. �ksr.�.,.d4i. ....i :i-, Another tax reform provides a lower rate for improvements to deteriorated • properties. A 1977 Pennsylvania state law permitted several cities in that state ..wAtrsw+ (de"'44"° to allow property tax exemptions for a number of years for improvements to deteriorated properties or to properties in deteriorating areas.32 The purpose of L°•wriy) 4. ( j4-li these exemptions is to encourage redevelopment of properties and renovation of neighborhoods. °�s �'�' �`� In California and several other states, special programs have been designed Rt"/ ��,�• to prevent conversion of agricultural land to other uses. The landowner agrees to maintain the land in agricultural use for ten years; in return, the property tax 744.es assessment is based on the capitalized value of the land in agricultural use,rather than on the market value of the land. The owner may incur a substantial tax t obligation if he or she cancels the agreement. The criticisms of this arrangement have been that it carries special benefits for the owners and that it is an insufficient inducement to prevent development in the urban-rural fringe areas. Some have suggested land-use zoning instead of differential property tax assessment as a more effective planning too1.33 Property tax administration Some controversy would be present even if the property tax were administered perfectly and uniformly. Because of its inherent features, the property tax has been very difficult to administer. As a result, many criticisms and proposals for reform of property taxation deal with its administration. A prerequisite to eval- uation of the criticisms and reform proposals is an understanding of the process of property tax administration. i ,.. 1 136 Management Policies in Local Government Finance Property tax relief and reform The systems in which different tax rates are International Association of Assessing applied to uniform, market value Officers believes that the attention assessments are preferable to systems being focused on government in which uniform rates are applied to spending in general and on the nonuniform, fractional assessments. property tax in particular is healthy. The property tax, although maligned by Assessment systems should be made many, has several significant attributes, effective Methods currently exist that particularly in a federal system of make annual assessments possible at government. As it has evolved, the reasonable cost. property tax is the major source of tax • revenue directly available to local Assessors should be shielded from the government and therefore affords local blame for increasing property tax government a strong measure of fiscal levies. The popular support for current • f independence. Moreover, the tax is a market value assessment. which is more stable revenue source than either essential to equity in property taxation, sales or income taxes because is seriously eroded when tax levying property values reflect long-term bodies ride the coattails of assessors economic considerations, not short- by increasing property tax levies by the , term economic fluctuations. The percentage increase in assessed t property tax captures for local valuation following a reappraisal. government some of the increases in property value that are partially created Property tax relief should be based on by public expenditures. The visibility of tax abatements or credits, and property s_ the property tax also serves to focus tax incentives should be based on use attention on the quality of governance. restrictions or on abatements or credits. Property tax relief and/or - Therefore, the International Association incentive measures that are based on of Assessing Officers urges that a reductions of assessed value or on thoroughgoing review of each property other-than-market-value assessment tax system be performed, that reforms standards have several undesirable be enacted where they are needed, attributes. Most significantly, each and that relief be provided when reduction in the property tax base needed in ways that do not violate the shifts the obligation to pay property ad valorem principles on which the taxes to nonfavored taxpayers. property tax is based Exemptions should be kept to an The International Association of essential minimum, and the rationale Assessing Officers further believes that for and benefits received by the property tax systems should adhere to community from exemptions should be the following general principles. periodically reevaluated. Assessments should be based on Source. Excerpted from International • current market values The property tax Association of Assessing Officers, is generally conceived to be an ad "Property Tax Relief and Reform. valorem tax, which means that a tax Statement of the International levy is apportioned among taxpayers Association of Assessing Officers," according to the value of each Assessment Management. vol 1, no 4 taxpayer's property (July—August 1979)• 29-31 • Assessments should equal estimated market value Classified property tax • • The Property Tax 137 Discovery Proper assessment is the keystone of an equitable structure for the property tax. The first step in the administration of the tax is the discovery of the tax base. It is difficult to find intangible assets such as cash, bank deposits outside the assessment district, and other assets for which ownership is not subject to reg- istration and records. Discovery is likely to be limited to the declaration of the owner,plus reliance on other uncertain tax data(e.g.,federal income tax returns) or specific legal actions(e.g., probation of an estate)that yield a property listing. The discovery of intangible property may largely depend on the compliance and self-assessment of individuals. Many of these persons may rightly feel that by revealing their assets they incur a tax burden that many others are happy to forgo. Discovery is difficult and uncertain;enforcement costs for full compliance are prohibitive; and high rates of taxation on intangible property invite low rates of compliance. Because the tax on intangible property represents double taxation, the abolition of a tax on intangibles rather than an intensive effort to improve its administration may be the best solution to the administrative problems. Because the process of discovery of personal property other than automobiles is difficult and incomplete, assessors have tended to be cautious in enforcing this part of the tax. The pnncipal efforts to improve property tax administration are likely to continue to focus on real property. Discovery of real property is relatively easy. Not only does the property exist in situ,and therefore is subject to canvass, but there is also a conventional system for recording both its description(especially the location of land and boundaries) and its ownership. The initial task of discovery is to record on appropriate forms all of the relevant details about the property. Prerequisites to this task, however, are the estab- lishment of a staff and organization, the selection of a form, and the provision of a system to maintain records and to retrieve information. Not too long ago, the emphasis was on a checklist of data on the location of land and the nature of improvements. Today the emphasis is also on the ability to use computers, specifically to record and retrieve the information. Inventory In preparing the property list (inventory), the boundaries as such may not be recorded for the computer. Identification of parcels (tracts or plots of land) will be on the basis of drafting, mapping,and a numbering system designed to permit revisions that could result from consolidation or subdivision of properties. Aerial photographs may be used to confirm the location and to identify parcels and improvements, to establish relationships among different areas, and to check for changes. Such aerial photographs have led to the discovery of land areas that had been omitted from tax rolls for many years.t1 Assessment Once discovery and inventory are completed, the property may be appraised. Appraisal and assessment are the heart of the administration of a property tax; • in this process, the share of the tax burden is determined for each property owner: The assessor's job is to establish a valuation for each parcel; this deter- mines the total value of the property in the district. Assessment is a complex task. It may not yield to rule-of-thumb appraisal or arbitrary judgment; both equity and law require that each valuation be defensible. The assessor is tre- e quently called on to defend the accuracy of any valuation as well as the uniformity , of the method of appraising the value of properties. V 138 Management Policies in Local Government Finance The assessor's goal generally is to value the land and improvements of each parcel at the market price (variously characterized as actual, fair,true, cash, or - money value) and then set the assessment on each parcel at some uniform percentage of its market value. This is not an easy task. Only a very small t proportion of the property on a tax list during any fiscal period is subject to an -' arm's length market transaction where an actual price would help establish ` market value. Even when there is direct evidence of a sale price on a parcel, the assessor must be sure that the listed price reflects the market. He or she must be sure that the price listed is not the result of a forced sale or of a :y transaction between relatives where undervaluation may reflect a gift or other ak • - special circumstances. - "` Annually bringing the assessment of each parcel of taxable property up to .7N , e.li:0141 y►e•. (j market value is highly desirable,even in a relatively static economy.The dynamic ,. j,alc~h a nature of the real estate market,especially in metropolitan areas,often prevents , = ems" s t`~ assessors'offices from maintaining current market values on the list of properties. ;'3 pY 1..-i In the midst of rapid change and development, many assessors can only hope <re r% to do appraisals and reassessments on a fraction of the existing list of taxable .� of r .,. /•"G'f a 1 property in any given year. Simply making sure that new construction is added Tgf j . _ to the current tax list may become a major task.35* y Br" 90 X° As a result of such pressures,most assessors do not attempt annually to reflect =? 0,4,./re/ va/ t e the changes in market price levels. Instead, they try to maintain uniformity in ' the fraction of current market value at which each parcel is assessed. Even in t : states where the law specifies that assessments should be at 100 percent of market value, the actual average assessments will vary from this mark. F Some of the differences between assessed and market values reflect admin- , `a istrative problems in reassessing all properties to reflect annual changes in market - ' price levels. Also, many local assessors deliberately use fractional assessments •� Tarr Al e -c r�`4 in an attempt to achieve uniformity in t relationship between the assessed Na.e 44,444- -5 444.--4{, value and market value for each property:The rationale for uniformity is that .,3 j. 0,,/4,J 0 957, _/ as long as a uniform assessment percentage is applied to all market values, the i . 7 shares of total property tax revenues borne by each property owner are not si Me.rAV/ (i&�44 a 46O distorted. This has been countered by arguments that such underassessment ,•i,sl'�'t_e a'7 ac4:aJ o kw" I. 4'5 w'T\ distorts the true tax rate, and that it complicates the administration of state equalization programs that may be related to the assessed roe values of ;y , t ," t,t:t+r 0.2 Ae r i♦.S q P g Y property ttY ,+r.- ; the districts. The latter problem, however, is generally solved through sampling ,yx ,c71-6 c K techniques. State equalization boards, using the results of their sample surveys, i i i adjust the local assessment ratios for the purposes of state programs.36 At Where there is an active, competitive market for homogeneous items, market °' forces will establish a going price that can be used by assessors and other op- ' 1 F - praisers to formulate the market data approach to assessment. Even when going i.' market prices are subject to frequent change (e.g., the markets for securities, commodities,and livestock),prices are quoted to establish values on a particular 5' r 1t day. These market values can be used to impute the value of the units that were• •tPpowrs tRe /"°st not sold on that day. Similarly, current market price data are the most direct - • c...,.• o N T a�ie,d ‘ti••J evidence of current property market values and should be relatively accurate, even for properties that have not recently changed hands. Is..., A1;..~er•f. ;e (14,1".4 Some problems arise,however,because each property is in some way unique. °/ Si,.....4• f.•4..s o / 0f The market values of particular properties,therefore,cannot be directly imputed I. 6.I�r # �«r����� from transactions on other parcels without accounting for the differences and • y similarities among them. Nevertheless, it is also clear that even when a small .414°r 41, , 44 proportion of properties in a particular area is sold during a period of observation, f1/., :, c •• /t � the prices of these transactions provide useful information on the values of other / ( ( L jL parcels in the area. Q 4ce,re..cGs ,baT,,..ls«r •j , t l.o '/a-s J•s f•♦. M o.a Xe t U s e o f s a l e s d a t a Sales data l eJ)een_usedby assessors and other appraisers ►• for a long time. The simplest way to estimate the market value..-of_a_property 1 iortce -• iheaever / fate_ 41.ceet«r..1 �_ f R.c7. del: / . �! /.� A. fa.e// .� ilt �3- ..ifn.ev'' it Ili --s .:.i. - ,.._ :x` �j n- g,,...5 1 "Se./44 £P..+.• " t1..f:rf+es ' '- `` �r►E NSSGSj�w W r/� G eta�¢t a� •{"1��. Mot�' etc C¢�.7 // a/4Jt.c,c.f,,..s of pr.r.,fy eenhe/ 6y ' the jAfc f,- a.r} , at ex... x..r.ev a t t..a / a/' f[e, .ft.., e, L.a 1". 14 a The Property Tax 139 ../. if /�y dO c.K .. .. • , 4474.4....,-.....no j; pr.r• "V..J I•G•KNT 74 i d i ? has been to note the_recent sale_prices of comparable-parcels. Assessors, there- 50- eh... I.rse .L re fore, note all sales and their characteristics. In some jurisdictions, the sale of a • AQ.,,,y e l u „R..6:/illy property is a signal for the reassessment of that particular property based on its _` ! most recent price; the data in such cases is clear, current, and direct. If there a:, . is no revaluation of the properties in the area or district as a whole, however, `�° v°/"" `� "��` ' then the revaluation of recently sold properties will result in higher property tax '. , •e......4..., I~ •' "- burdens only on those particular properties. There is a lag in reassessment of . -A.- :e s /4,_„,,A Ps ,,e unsold parcels and, therefore, in the redistribution of the property tax burden- -A.- ,` t�.y ,1,s�,. ....... solely because of the timing of a sale. If a small staff or other constraints preclude annual review and reassessment of all properties, it would be more equitable to postpone the reassessment of any properties bought on the market until the number of transactions yields sufficient evidence (and there is enough time)for a general reassessment. r2e�w , �u c. Annual reassessment,at least through the use of traditional methods of viewing and appraising properties, has been beyond the financial capacity of most as- - S.,.• yec.rs t sessors. Nevertheless, the assessor who has access to a computer may find a /YI,N Mu O f-« reasonable basis for more frequent reassessment. The assessor can code and k" transfer most of the-information on the property records—including property descriptions and assessed values—to computer files. The assessor can,similarly, record all property transactions by noting the price that is stated when the deed -1' :I '�"` r'�`�`j ; s 4. is recorded. In places where the full purchase price is not required to be written + '` de!;,6 4. on the deed or reflected by transfer tax stamps,the information can be obtained by talking with the participants in the transaction. S. -•'"r`.f 'It. cc— The sales files may then be listed by the identification number of the parcel •. i •-.ss.Ss•••••-4* '-./et %N (which will also indicate its location), the date of the transaction, the assessed ��,,r,.,,, @.N..1 y 9' value, and the sale price or adjusted market value. This procedure permits the ;; ,,,.�� 6 rr¢Pwete� 'E° calculation of an assessment/sales ratio—the ratio between the assessed value :.t and the price. This process has been used not only by local tax bodies, such as .t o.-t r '0.+S . counties or school districts, but also by state tax equalization boards and by the surveys made for the 1977 Census of Governments." If the assessment process FA..,"4..tse-, 4 i1 has been reasonably accurate and the property market stable, the assessment r: . x re.t s +• w t•••rw,>tisrut-f to market price ratio will be close to the official assessment ratio of the juris- ` pr-sy ...t diction. r;, .Ssats.•.e.f f Separate samplings may be developed for different areas of the district, for s. C'� d`�` f.r•`�ss,wS different types of property,for each zone,or for any other relevant characteristic. • c•Ms•r 4••••-_) . Ef,,.....o...•., The assessment ratios obtained may serve as the basis for updating assessments in each relevant category of similar properties.Adequate sales data should .1wf� fr..NsA., / 4',/e g rY P P Q permit s..; this procedure to be carried out annually at a reasonable cost with a minimum in"`"f`N`c A41 6e- - amount of on-site appraisals.38 v- c.•r t :Mt 774 c fIfit Statistical approaches A somewhat more sophisticated method for bringing as- ,., `rtK""j w` sessments up-to-date is multiple regression analysis, which is essentially a sta- ;r, 4"•,c e d #• f"-"do tistical method for correlating independent variables with a dependent variable ;. o,,,,,r: to predict market value. r ,,.,N atrtSSor , In appraisal, the characteristics of properties may be used as independent • s6r'""5)- variables in an equation where the dependent variable is the estimate of property values. The coefficients for the independent variables in the regression equation indicate the expected changes in property value from a change in the independent • . variable (e.g., the nature of improvements).39 The employment of market data through various statistical techniques and tests, then, may be used to obtain the assessment values. In some instances, • however, properties are not easily or directly comparable to other properties and can make the market data approach unreliable. In these instances,two other • methods may be employed for assessment purposes. One of these is to estimate • the replacement cost for the improvements on the property.The other approach ' is to capitalize the net income derived from the property. i.1 .t t � E * r»t stg - mss- ;; w + • - . - _____ __ ._ in we.�. ..� 140 Management Policies in Local Government Finance Multiple regressions for property homes, that x, is the independent values A multiple regression for variable representing the number of • assessing property values takes the bathrooms, and that b, (the coefficient form of: for x,) is $800. On this basis, with all 7. y=a+b,x,+b2xZ+b,x,+. . .+x other property characteristics or values for independent variables held where y equals the estimated market constant, the estimated sales price (y) value of properties; x„ . . ., x„ represent would increase by$800 for each unit the values of the independent increase in the value of x,, or for each variables; b,, . . ., b„represent the additional bathroom. If the equation is .. i• coefficients or parameters for the in logarithmic form, the value for b, independent variables: and a would be expressed as a percentage represents the intercept value, or the change in the value of the estimated • estimated value if zero values were sales price for a change in the value of I associated with the independent the independent variable. Uses of the 1 variables. equation would include the prediction j _ of different levels of prices associated 1 For this purpose, the independent within different neighborhoods of a 3 variables would be the characteristics community as well as the prediction of of the properties in the sample. different property values within a I. Examples of such variables would neighborhood that are associated with 1 • include lot size, location, front footage, differences in lot size, size and type of - I type of building, type of construction, structure, and other characteristics. . , number of rooms, and square feet. The - data used to estimate the property If the capitalization argument is value would be the market value followed, however, the tax rate also has I (dependent variable y) and the an impact on the property value which, property characteristics (independent in turn, has an impact on the tax. If ( variables x) for each parcel in the these interrelationships are not taken sample of recorded sales. into account, the estimated coefficients will be biased. Multiple regression To see how the equation would be analysis must be usea very carefully. interpreted, let us assume that the equation is related to single-family i The replacement 'alue approach involves an estimate of the value of an existing improvement or structure on the property based on the current cost of , constructing the structure, less a depreciation allowance for the age of the build- ing. The size, number of rooms, building matenals, and similar characteristics 's of the structure are specifically taken into account. The estimate of replacement / cost is made according to current building costs. The depreciation tactors permit the value of the building to be adjusted ac- cording to its age and condition. These factors. classified by types of structures, are round in the depreciation tables, which are part of the assessor's manuals. The subtraction of depreciation from the cost of reconstructing the structure • yields a net replacement value. This may be roughly checked against available . current prices for alternative buildings, even though the buildings may differ somewhat in construction, age. or condition. The land value of the building site would he estimated separately.This is done by noting sales prices of land that is similar in terms of zoning, general location. size, and any other tactors that might atfect desirability and price. Both front - footage and area of the site may serve as bases for determining the lot value: the values derived may he roughly compared to market transactions for vacant land. finally. the total of land value plus the depreciated replacement cost of • the structure may be compared to the recent sale prices of other properties in The Property Tax 141 ✓� order to test the estimate of market value. Although sale prices are used to confirm the estimated assessed value, the other steps are required because no property is exactly similar to another. When buildings are clustered in housing developments or industrial parks, the adjustments in estimates of property values may be relatively easy. These ad- justments are necessary to recognize differences among land values for particular properties. The external checks for market prices may be applied to groups of similar properties to determine the separate assessment valuations for each of the properties involved.'" Another method of estimating the market value of property is to capitalize the gross income derived from the property. This is done by discounting the gross income at a weighted average rate of the going rate of interest and the desired rate of return on the equity investment in the property. The approach is seldom used as the sole basis for assessment, but it is useful in checking the values derived by the other approaches." Direct capitalization is particularly helpful when the market for a type of property is impertect or limited in scope (e.g., hotels and theaters). The success of direct capitalization hinges on the availability of reliable estimates of annual gross income or rent, accurate esti- mates of operating expenses, and allowances for depreciation. The availability of such estimates permits the calculation of the income for the property. The income or annual rent atter operating expenses may then be divided by a current discount rate to estimate the property value. For example. if the net cash flow from a property is$100,000 and the required rate of return is 12.5 percent, then the estimated property value would be $800,000. The sale of similar properties in the estimated price range will confirm the assessor's valuation. The capitalization method leads to underassessment. however, if the property is not used for its highest possible income—for example a property being held primarily for speculation on future appreciation in value. A case such as this should be revealed in the process of checking the results of the capitalization method with available market data. Any large disparity in estimates ot market value—in the absence of specific zoning, classification, or other provisions to the contrary—should be resolved by using the estimate reflecting highest possible returns. The higher value, indicated by sales data. would reflect the market estimate of the capitalized value of the property in its highest, most profitable use.'-' None of the three methods (market price, depreciated cost, or capitalized value) is likely to be used exclusively. Even when market data are scarce, the available sales transactions are still used to check the values determined by other approaches. The combination of these methods and the existing and developing • analytical techniques provide adequate bases on which the assessor can determine reasonable estimates of true values in all but the most extraordinary situations. Extraordinary cases do exist. For example, such properties as an operating railroad or public utility that serve an area larger than a particular district are not appropriate subjects for local assessment. Estimates of the values of the separate parts of a system may make little sense compared to a valuation of the system as a whole. It is questionable whether a locality that has a portion ot the total system—the railroad yards and terminals—in its boundaries should impose a cost on all riders. It is also questionable whether utilities should he required to pay a property tax that is built into the utility rates for all users—especially when there are other taxes on utility revenues. In many states, the state gov- ernment assumes the responsibility tor the assessment of railroad and utility property. In some instances, the states apportion the centrally assessed value among the districts; in others, the states collect the tax for themselves."' For some industries, alternative taxes have been developed in lieu of the property tax. 1'he effects of the property tax could conflict with public policy. For example, property taxes on the value of forests may induce earlier cutting 142 Management Policies in Local Government Finance V than would otherwise be economically justifiable. In many jurisdictions a sev- erance tax, which is levied on the value of timber when it is cut and sold or used by the owner,has replaced the property tax. 'The severance tax does not require annual payments, which might force the owners to cut timber prematurely in • order to raise cash to pay taxes.The severance tax has also been used in extractive industries.45 Periodic reassessment In a dynamic economy,periodic reassessment is necessary • . to maintain a reasonable relationship between the assessment base and market values. The problem does not involve just the base but also involves the more important problem of keeping individual properties in line. Although market trends may be clear for real estate prices as a whole, the rate and direction of the trend are not likely to be uniform. There can be many declining neighbor- • hoods in a central city that is surrounded by exuberant suburban developments. During the same period, market values in various neighborhoods could be de- ,' clining or rising. Periodic reassessment must be frequent enough to reflect these types of situations, In large assessment districts with well-staffed offices,periodic reassessment is a continuing function. Every property is assessed every few years, using a combination of mass appraisal and site-visit techniques and the application of sampling and statistical methods. There may be, of course, some lag in the adjustments for different areas, but the judicious rotation of areas should permit - ! an organized staff to deal with this problem,in spite of the budgetary constraints that may preclude annual reassessment of all areas and parcels. In the many smaller distncts, staff limitations (in both numbers and compe- tence) may preclude the frequent reassessment of existing parcels. The principal effort may be devoted to recording new properties and construction and to noting new prices reflected in transfers. In such cases, the passage of time nurtures inequity. The longer the time between reassessments, the greater the variations between the assessed and market values for particular properties,and the greater the dispersion in the ratios of assessed to market values among i" properties and neighborhoods. is The most reasonable solution to this problem lies in the consolidation of the smaller assessment districts to achieve economies of scale, which has been oc- i curnng to some degree in recent sears. There has been a decline in the number l of assessment districts and a concomitant increase in the areas served by full- i , time assessors of greater competence. A second and perhaps better solution lies in the periodic reassessment of the smaller districts by outside agencies, preferably by professionally qualified con- - s suiting firms. A new assessment of all areas and properties in the district is necessary. After giving property owners adequate notice of the new values, a procedure for extensive review and appeal is usually established before the • results of the reassessment are used to determine the tax levy. The reassessment should result in a substantial reduction in the coefficient of dispersion for the district, that is, how close the assessed values of different properties are as percentages of their market values. A general reassessment should he carned out periodically. There are good reasons tor doing so..Clearly, a ten-year period is too long to permit dispersion to continue, especially where there is much new construction and where the market is particularly active. The less frequent the reassessment,the more heroic • the final adjustments will be and the greater the stress on individual property owners. Sharp changes in value will surely raise opposition to the implementation of reassessment: such opposition is less likely if changing values are accommo- dated more gradually. • The difficulty individual property owners may have in meeting sharply rising tax levies dunng a period of rapid value changes may lead to calls for special . I rkl•:: / The Property Tax 143 classification of land for agricultural use, or for a moratorium on the imple- " mentation of the new assessments on old holdings. Such measures may be opposed by the owners of new homes who, when old properties are reassessed, benefit from the equalization in the tax burden.46 :a. Assessing assessment How is the quality of assessment itself to be assessed? •One way the effectiveness of the assessment process may be tested is by cal- a.•• u N a w a�4.- culating the average coefficient of dispersion or average deviation from the mean. This coefficient reflects the closeness of the range of the ratio of the assessment , o a y • a- "'&° values to market values for different properties. It therefore estimates how tare„,„ii., '��%s accurately the assessor apportioned the property tax burden among owners on the basis of property values. While more sophisticated statistical techniques can f yP° .f .0. ,1q-,c.a be used, the coefficient of dispersion historically is the accepted measure of uniformity in assessment practice. )' ex'ceP i.' +4,4 The coefficient is calculated in four steps. First, the assessment ratio for each _ r f..,/ p. ...f •f parcel in a sample of recently sold properties is determined. Use of the ratios, instead of the amounts, permits comparisons for different types of properties in 4e",r`//y ^`" ``..P owl different ranges of values. The second step g pis to determine the mean average �4� gale: r,,,,,i..s , ;or median of the assessment ratios for the sample of transactions. The third step is to compute the average deviation of the individual property assessment ratios 4 y yt".t.ra! a..h5.r,ss) from the mean average or median assessment ratio. The final step consists of relating the average deviation to the mean average or median assessment ratio. 44- .°'°t°`r'�`s The result is the coefficient of dispersion.47 S e//,,, .,. - rO,°•° The four steps are illustrated in Table 6-4. The coefficient of dispersion equalled 17 percent. This measure, if based on a representative sample of dif- ferent°, °°° ) la')°°• ferent types of property,may be used to grade the effectiveness of the assessment c°` °OD �/� , process in a district. A coefficient of dispersion of 10 percent or less is usually considered acceptable because of imperfections in the data and the problems • • .pro4/a de es inherent in valuation procedures. The coefficient of dispersion in the example • ex:vi. w A e so./es cited would be considered one that would indicate some problems.Many students of property tax administration are concerned with the results of surveys that 4 Art. i o, cre4 a{wT I {„4. ?' 4•w J0 y•i.4.. AS 14 assess.••e,-I al-ray?, Table 6-4 Illustrative table for coefficient of dispersion Kit.d l'er • �C "3-M ,•,,,P 4� , fife ".9A1..r.4..tt...• p•......� Recent Assessment Assessment Deviation from a Property price' value' ration average or median3 ike4.f-•a Yee, Pt.*‘41 r.5�„���, r.1,340,e/.. Parcel A 100,000 37,000 37% 55 — 37 = 18 1 Parcel B 80,000 40,000 50% 55 — 50 = 5 t)q 7/o 1s ; 7%u So,.€ Parcel C 75,000 30,000 40% 55 — 40 = 15 f' -' Parcel D 70,000 42,000 60% 55 — 60 = 5 t Pr.,G/.., a�crsls .r Parcel E 65,000 35,000 63% 55 — 63 = 8 W Ael[r ;.......1 " /.cs,d Parcel F 60,000 33,000 55% 55 — 55 = 0 Parcel G 35,000 28,000 80% 55 — 80 = 25 • u It 1-44. e,fr, Mean assessment rate 55% Avg. deviation 9.4% • Coefficient of dispersion = Average deviation from mean assessment ratio .- Average assessment ratio . 9 4 __ 55.0 = 17 or 17% 1 Hypothetical values are used for this illustration. of the mean value and,where the values are different,the 2 The assessment ratio is the assessment value as a per- results may vary centage of the recent price.The average for the seven 3 The calculation of the deviation is for the absolute value parcels is calculated at 55%.For this illustration.the mean and disregards the sign,or whether the assessment ratio 4 or average value is equal to the median value associated on a parcel is above or below the average or median. with Parcel F Use of the median is an alternative to use 144 Management Policies in Local Government Finance \/ i. indicate that 80 percent of the assessment districts have coefficients of dispersion at 20 percent or above.48 - A problem encountered in some localities is that of the assessor who—despite claims that the same assessment ratio is used for all types of property—tends ">`. tYPe to favor or to discriminate against industrial, commercial, and rental residential 4 a c« sele l r..in• - properties. Private dwellings,for example,may be assessed at 60 percent;rental T .`. j N�^�°� e� �� l e properties,at 50 percent;commercial,at 40 percent;and industrial,at 30 percent.r-. If there are enough representative sales in each category. the...assertion of clas,- .7-.: .a.. y sification bias can be tested objectivgly. The test is similar to the coefficient of dispersion; the average assessment ratio for each category is substituted for the 1"..' . . ;. :,. • assessment ratios of the separate properties. This procedure permits the calcu- . lation of a coefficient of dispersion relating the average assessment ratios of the tit_ ,11..:--,a. ,c+.c-_:... _ different classes of property to the overall ratio for the district.49 The different assessment ratios, however, may reflect a political view on the tax-bearing ca- 6; pacity of different properties. Another problem that sometimes appears is overassessment of low-value prop- .:. '; - erties in relation to the assessment of higher-priced properties. Sometimes called regressive assessment, this may occur because the assessor is more familiar with °" ' the values of lower-priced properties, which generally are sold more frequently. x. : When the assessment ratios on smaller properties are generally above the av- 1 erage, the ratios for the larger properties tend to fall below the average. Table x 6-4 illustrates the problem of regressive assessment. The average assessment is 55 percent. The properties with sales prices of $75,000 or more are assessed below average; those with lower prices are assessed above average. r• ' The problem of regressive assessment may also be exposed by calculating the price-related differential in the assessment ratios. The first step in measuring the price-related differential is to calculate a weighted aggregate assessment ratio - ' (the total value of all assessments divided by the total values of the parcels in the sample). The second step is to calculate the unweighted average of the t "' assessment ratios. The means of the unweighted assessment ratios divided by the aggregate assessment-sales ratio gives the price-related differential. If the .-a two ratios are equal, the price-related differential will be 1, or 100 percent. If the price-related differential is substantially greater than 100 percent,it suggests - underassessment of higher-priced properties. A value considerably less than 100 percent would indicate the underassessment of lower-priced properties. The existence of a price-related differential may be more important for prop- erties in a given category than among categories.50 Political problems may arise if there is a price-related bias in the assessment ratios of residences in general, or if one section of the city or district is overassessed relative to other districts in the area. A lower assessment of industrial properties as a category (as corn- pared to the assessment ratios for residential or commercial properties),however, '' ..I,, ._ may, be the result of a deliberate policy to attract industrial employers and to ' stimulate economic development.7t S N M � f .r 4 ;N The coefficient of dispersion may be used to compare the assessment efficiency S.- - P4.-1 's /4.""..'9°• of different districts. A district is said to be doing work of acceptable quality 2` when the coefficient of dispersion for single-family nonfarm houses in the ju- a' Gto�r`p/t •of t�:s. a s A 1' •tt y , risdiction is less than 20 percent; and yet, 70 percent of the at sampled as 1e' °'► salt s o 4 N r _ ,t : t :s long ago as 1961 failed to meet that standard'The evidence suggests that there 1. i Is stilt a need for better property tax administration in a substantial majority i o.r" �' ~°`•r`+¢17 the districts.52 P P Y ty of a f I de n.,•",r f•. 114- Assessment is a complex and often controversial task, and the persons who j a S se fir.. .....1 r.9.4 f ~ manage this function carry' hea vY responsibilities, particularly for the equitable; a•,...1 , treatment of all taxpayers. The assessment process is facilitated when the com- 1 ponents are clearly understood and when the techniques employed make full use of the latest statistical tools-and methodologies. r is - • . . , - • -, ,....4 The Property Tax 145 Deriving the tax base In addition to assessment,the administration of a property tax involves numerous procedures, including establishing rates, billing, enforcing collection. The pro- cedure for determining the tax list is an example. Some properties and owners are eligible for exemptions.These exemptions,which may be partial or complete, are granted under law on the basis of the use of the property (e.g., hospitals, • homesteads, and educational, and religious institutions) or on the basis of the status of the owners (e.g., the elderly, veterans, persons with low income, and firms with industrial development incentives). These exemptions vary in their financial impact. In some jurisdictions the impact can be extremely severe if a high proportion of the land is held by large universities, churches, hospitals, public housing authorities,or state and federal government agencies. Even when • these organizations make payments in lieu of taxes, the payments seldom equal the amount that would be obtained through property taxes. Of course, the tax exempt entities may return services and economic value to the community in excess of the taxes forgone. In general, though, it may be better to subsidize such activities directly rather than by tax exemption. Determining the levy The budget officers usually subtract the estimated amounts of revenues to be derived from sources other than the property tax from the total estimated ex- penditures. The difference between the two determines the levy to be raised by property taxation. The property tax rate is then determined by dividing the required levy by the total value of taxable property assessments. Adjustments are made for anticipated delinquencies and for estimated tax collections paid Payments in lieu of taxes of the armed services at nearby federal Substantial amounts of property are installations. Payments in iieu of exempt from local property taxation property taxes may also be made by because of ownership by federal. state, state governments to compensate and local governments and by localities for revenues lost as the result nonprofit, private organizations such as of state mandated exemptions. churches, hospitals, and universities. Payments may also be made on a The property tax exemption has the voluntary basis by some exempt effect of providing a subsidy for those private organization to compensate for owners and for the activities conducted local government services. on those properties In some cases, however, payments are made in lieu of In lieu payments. however usually fail taxes. to offset Cully property taxes that would have been required in the • For federal properties exempt from absence of an exemption. Some argue local taxes, these in lieu payments may that the subsidies granted to exempt take the form of a share of the private properties ought to be voted as revenues derived from the operation of appropriations: thus, that the costs the properties. such as the royalties or would be more explicit than they are the sale of timber, mineral or grazing under tax exemptions. rights. In addition. payments may be made in recognition of local Source. Joan E. O'Bannon. 'Payments government services. such as school from Tax-Exempt Property. in Property districts, under programs to defray Taxation USA. ed Robert W Lindholm costs resulting from the enrollment of (Madison University of Wisconsin children of federal workers or members Press. 1967) pp 187-212. . • 146 Management Policies in Local Government Finance from past delinquencies. The resulting tax rate is expressed in terms of the number of mills per dollar (or the number of tax dollars per thousand dollars) of assessed values' - The amount of tax due on each piece of property is the tax rate times the assessed value of the parcel. Bills reflecting the tax assessment, tax rate, total liability, and terms of payment (dates and discount and penalty rates) are sent to the property owner on record by the tax collector. In some states, billing and collection are centralized by county; in others, the cities, counties, and school districts may all collect these taxes separately. The tax traditionally has been - collected in one annual payment in the year after the assessment; but use of quarterly and semiannual installments have become more popular in recent years. The imposition of penalties and interest charges for late payments is part of - the program of enforcing collection. Nevertheless, in many jurisdictions the • penalty interest rate is below the market interest rate. This has encouraged delinquencies because it is a way for owners to obtain relatively low-cost loans. Liens against the property are imposed when the tax remains unpaid for a long period. Continuod-delinquency may lead to seizure and eventually to the forced 1 sale of the property to recover the delinquent taxes. Although the functions of the tax collector and the assessor may be separate, their offices should be well- coordinated. Both should have access to information on the tax roll, and both .must be prepared to defend their actions in assessment appeals or enforcement procedures. I State supervision Some of the responsibility for the improvement of property tax administration has been assigned to state governments. The Advisory Commission on Inter- - governmental Relations, for example, once suggested that the states reform the l tax laws to remove such elements as intangible personal property, which are impossible to administer; to review exemption laws; to consolidate small as- - sessment distncts; to improve assessment personnel standards; and to provide - strong state supervision, coordination, and appeal procedures." I The case for more active state supervision is based in part on the feeling that state supervision over local government performance in such activities as edu- cation and health is no more important (and is no more a violation of strong t : local government) than supervision to achieve efficiency and equity in local tax administration." Improvements in administration have been noted at both the state and local i levels of government. Some states, for example, have extended technical and • advisory consulting services to local assessment districts in addition to taking over the assessment of some categories of property. The size of some assessment • districts has been made larger by designating the county as the assessment unit and by consolidating some of the smaller districts. The use of the computer and the recent development ot mass reappraisal techniques have been extended. Nevertheless, some of the basic problems in property tax administration re- main. Research has indicated, for example. that the bias toward a lower rate • of assessment on properties with higher values does exist. Although more ex- pensive properties pay more in absolute amounts, the effective tax rate (taxes as a percentage of market value) is lower for those properties in many jurisdic- tions. The property tax has been made somewhat regressive as a result.'° Others contend that the failure to reassess properties frequently enough ag- gravates the regressivity ot the tax. The lag in reassessment generally raises the effective tax rates on those properties where values have declined or risen more slowly than the %,clue of others in the same district. The lag in reassessment also has received part of the blame for the acceleration in urban decay.' There is - The Property Tax 147 f : a tendency to delay recording declines in property value, and too much haste in recording increases in assessed values for improvements to property. r F , The failure to assess the values of property that are exempt from taxation has prevented full knowledge of the costs of those exemptions. There have been calls for assessments of the property,for a repeal of permanent exemptions, for f, exemptions on a limited basis,and for estimates of the revenues lost by exemption of certain properties(including the exemptions used to attract industry)at a cost to owners of taxable properties.58 A review of the uses of exempt property, to ensure that such uses are in the public interest, has also been recommended as a way to reduce the controversy surrounding property tax exemptions.59 As part of a package to aid localities, Connecticut has authorized special grants to "dis- _;;.::r; - tressed municipalities" for 75 percent of the taxes lost in exempting certain manufacturing properties.b0 Many states and localities offer industrial exemptions as part of their economic development programs, the principal goal of which is to expand or sustain local '� levels of employment. This goal appears justified because local taxpayers, by bearing a higher property tax burden to subsidize new industry,have something to gain. Higher employment helps to sustain the demand and prices of local property and,ultimately,it adds to the local tax base.Critics of these inducements note that policies of property tax exemption invite retaliation or imitation; so many areas offer exemptions that there is no longer any competitive advantage in doing 50.61 There have been many problems in attempting to enforce assessment of prop- erties at full (100 percent) and current market value. However, as has been noted, there is no conflict with equity as long as the assessment percentage_ts 4 used uniformly in the district. In recognition of this obvious fact, fewer states now have legal or constitutional requirements for full market value assessment. In addition to those states where assessment rates may be varied by use, some twenty-four states now have specific assessment/price ratios below 100 percent.62 A problem with the assessment of improvements is couched in the disincentive effect on capital investment. Movements favoring land taxation in the United States began a century ago with Henry George. The arguments for taxing land and exempting improvements are compelling. Proponents note that land values are derived from community investment and development of public facilities (e.g., sewers and roads), so that a land-value tax is an appropriate way to recapture some of that value. A tax on land value is also a neutral tax because it does not discriminate for or against any particular land use;the most profitable use is the same before and after a land tax. Recent proposals would exempt improvements (partially or wholly) in order 'r it to encourage building, to achieve more intensive land use, and to reduce urban decay an f.,,, Js tG,(e1 y d housing costs by encouraging the replacement of deteriorated buildings on valuable sites. Such proposals,however, have been seriously questioned on 0�r/.:.p/.r¢s the basis of revenue adequacy; improvements are a major part of the current ,:,,,,,es td�/y �� tax base. There have also been questions about equity in the subsequent shifts of the property tax burden. Current owners of land may be penalized because At 3710-it u,,4/J I they paid prices based on a long standing tax system. In addition, the need to alter state laws and constitutions imposes serious political obstacles.64 46.4 r-,51,..ti r,6,/.17 ! An empirical study of the effects of implementing a site-value or land-value ;a.-- L.tL r 0,....1 tax has indicated that this would lead to a substantial increase in investment in ' 11 I improvements in the long run.65 The total exemption of improvements,however, ,e 1....G.7,• q, — Ar would require very high site-value assessments or high tax rates on land to ' r`r"'" w k'a/. maintain property tax revenues. Other empirical studies indicate that, on this ;10,5 Nap basis, only partial exemption of improvements would be feasible. Otherwise, it re 1.--Ai,,...c,(;� A. would be necessary to supplement property tax revenues with other nonproperty tax sources.66 pr°%"71'y or rear,/- , There is, then, no overall panacea to eliminate the problems of property Sa+J:CO 3 TO el .p•rfy :......,*77;7<..,:.-.7?-;...--,.,`v 4 - ~ i $ r ~k k �c?4a.t, 1 hw^ktc ark arm s t r > .4 � __ _ 148 Alanrr;emelrt Policies in Local Government Finance taxation. Most programs for reform are administrative and give highest priority to "maintaining uniform assessments through frequent and regular revaluation of property" as a way to meet concerns for the poor and for urban decay.' -- ` ACIR calls for market value appraisal by professionals, under strong state su- pervision or direct state administration of the assessment system, and with dis- closure of assessment ratios so that the fairness of the system can be judged. ___ ACIR also calls for state financing of circuit breaker provisions, and for state payment of some state-mandated local expenditures and in lieu payments for state-mandated property tax exemptions. To avoid further imposition of the severe restrictions required under Proposition 13, ACIR recommends moder- ation in the use of and reliance on property taxation. Use of alternative tax measures and of state support,as sources of revenue that appear more equitable, : would relieve pressures to restrict local government programs.'" Conclusion Past surveys on public attitudes toward taxation have shown the property tax to be the least popular. In a 1978 survey, however, the property tax was favored • least by 32 percent of the participants and the federal income tax was favored least by 30 percent. The difference is not very large, which ACIR states, gives "little credence" to the notion that people are getting fed up with property i; taxes."'' In its study of school financing, ACIR cites several reasons for the unpopularity of the property tax: 1. No other tax is so harsh on low incomes and so "capriciously" related to ability to pay. t 2. The tax appears to be anti housing when compared to the preferential treatment accorded housing outlays under both the income and sales - taxes. { 3. The tax is on unrealized capital gains, because increased property values are taxed prior to increases in spendable income. 4. Administration of assessment of the tax base is more difficult and 1{ subjective (especially during inflation) than for any other tax, and the shock of reassessment is "without parallel" for other taxes. l' 5. Less frequent payment (for those who do not pay monthl■ to escrow - accounts) makes the cost more apparent and painful than the current I;' payment of sales and income taxes.-" The propert, t.tx as an instrument of local government finance requires that we return to an examination of the criteria noted at the beginning of this chapter. ! 1. Fairness. The tax has been criticized as regressive and unfair. Different analyses, based on different assumptions, have reached alternative conclusions concerning the distribution of the burden of the tax. To some extent that distribution has been changed by circuit breaker provisions although, as noted above, such provisions have been subject to criticism. Property tax classification and equalizing grants (especiall% for school finance) by state governments also have altered the distribution of the tax burden. 2. Certainty. Property tax administration has been criticized as biased and costly. Certainly the variations in assessment practices would not be acceptable for other tax bases, such as income. However. improved state supervision, increased professionalism. and new techniques promise improvements in efficiency and equity. 3. Conrenrence. Provisions for more frequent payments. through !ending institutions and collection procedures, have made the property tax much more convenient to pay for many people. The Property Tax 149 sr 4. Efficiency. The property tax can be administered efficiently by local governments. This is not generally the case for other major taxes, such as income and sales taxes. 5. Productivity. New construction and rising property values in most areas have increased the tax base and provided a fairly stable source of tax revenues despite some fluctuations in income and employment. Local governments require stable, continuing sources of tax revenues to meet the requirements of locally desired levels of expenditure. 6. /Neutrality. The property tax has been criticized for its adverse effects on housing and for restricting capital investment. A land- or site-value base would be more neutral although difficult to implement. The property tax is difficult to avoid (as compared to a local sales tax). The clear evidence of the property tax on an annual bill permits the property owner to evaluate the costs of locally provided services. Any limitations on expanding the tax are likely to reflect voter consensus. For these reasons, the property tax has been deemed a stable and acceptable source of local government revenue that is particularly well suited for local administration. Specific criticisms have evoked specific--modifications and improvements, and alternative revenue sources have only been used to prevent excessive reliance on property taxation. The property tax has been justified by ACIR in part for its ability to capture some of the property values created by the community at large.The high visibility of the tax permits greater accountability in local government, and there are substantial problems in finding substitute sources of local government revenue!' Therefore,the local property tax provides a substantial basis for local government autonomy. The property tax has declined as a percentage of total local revenues while federal and state grants have risen. ACIR has concluded that the response to the Serrano decision should not he a massive federal effort to reduce the reliance on property taxes for local school spending, but that the states should bear primary responsibility to deal with intrastate equalization of school spending as well as with any general property tax relief.' None of the highly charged controversy over the property tax has led to calls for its elimination. Property is taxed everywhere in the United States. There is great diversity in the use of the tax. In 1975-76. the tax was $4S3 per capita in Boston: it was $93 per capita in New Orleans.' That diversity has facilitated testing of new policies in different states in an attempt to fudge the effectiveness and the costs of proposed changes. New pressures on the property tax ma\ arise, however, if any increased reliance is dictated by declines in intergovernmental grants to local governments or by increases in local government responsibilities." Advisory Commission on Intergovernmental 6 U.S. •ldstsory Commission on Intergovernmental Relations. Pinanc'ute Schools. and Property lax Relations,.1tt;ntticaw i iatttre.c or Fiscal Federalism. Rebel-9 State Responcthilzrs A-40(Washington. p.20_ I)C Government Printing 011ice. 19731.p.Si). 7 See:J Richard Aronson and Eli Schwartz. 'Local 2 .1 Richard Aronson, Intangible Taxes.A\\isely Government Finance Some Current Issues" Neglected Revenue Source for Sates. \'atiomd (Workshop.National Science Foundation and Mu- Tar Journal 19 no.2(June I'hx,l: 184-146. nicipal Finance Officers Association.Sits 14810. 3 U.S.,Advisory Commission on lntereovemmental 8 William II. Oakland. "Proposition\Ill—Genesis Relations..l7gniticaru!Tenures of[kcal Federalism. and(onscquenccs,",\,;nuual rat Journal (2.no. /078-/979 Edition (Washington I)C• Got ern- 2(June 1979 Supplement):387-109 ntent Printing Otlice. 19791.Most 01 the historical 9 National /icr Journal 32.no.2(June 1979 Supple- and current data cited in this section are train tables rnentI. in this publication. Ill I' Shapiro D i'urcear, and J Russ. r.tx and 4 Serrano c Priest i e.d. 3d 551.-487 P '-d 1241, Expenditure Limitation to Retrospect and in Pro.;.. 'tit('al. Rptr WI (1971). pect." National rat Journal 32. nu._ (June 1979 5 1'S..Advisory(•mmusston on Intergovernmental SupplementI I-lu. Relations. /rrtuneme schooLt and l'ropern• Inv I I (i Brennan and J Buchanan. The Logic at Tax Relief,pp.. Limits. Alternative (on,atulton.d (onstr.unts of C Sources of Revenue Chapter 20 There are several major sources of revenue for. Authority to Tax cities, including the property tax.This chapter will discuss these sources. In order to develop and The essential features of Minnesota's tax system implement a city budget, the council should con- are in the Constitution which vests all taxing au- sider all of these sources. These sources of thority in the state legislature. 1 Lacking legislative revenue are as follows. authorization, cities may not levy any taxes under their own authority.The Constitution dedicates the Property Taxation revenues from specified taxes to certain purposes. ( Local Government Aid For example,the proceeds from the taxes on motor C. Homestead Credit vehicles, gasoline, motor fuels, and iron ore D. Fire and Police Service State Aid production must,in whole or in part,go to support E. Highway User Fund certain state functions. The Constitution desig- F. Federal and State Grants-in-aid nates certain state taxes as being in lieu of all G. Charges for Services other taxes on property. H. Regulatory Revenues I. Gifts Within this constitutional structure, the legisla- J. Interest Income ture alone has the authority to establish a state K. Investment of Idle Funds and local tax system. All city taxing authority is L. Enterprise Funds subject to legislative change or revision. M. Borrowing N. How This Chapter Applies to Home A consequence of this authority is annual Rule Charter Cities legislative action substantially changing the property tax system. A. Property Taxation Role of the Property Tax The property tax no longer is the major source of revenue for Minnesota cities. Less than 30 per- There are, essentially, only three kinds of taxes: cent of city revenue comes from the property tax. those levied against what a person earns, owns, or This section will discuss the property tax as a spends. The income tax is an example of the first revenue source. Chapter 22 will explain the while the sales tax represents the last. The process of making the tax levy. Due to significant property tax, levied against real or personal changes the 1988 legislature made, the property property,is a tax against the wealth a person owns. tax system is changing,with most changes effective in 1990. Since the legislature may change the sys- Because most property is relatively fixed in loca- tem even more in 1989, the 1989 Supplement will tion and because the U.S. Constitution makes its include an update of those provisions. use impractical on the national level, the property tax has been primarily a tool for local govern- Handbook for Minnesota Cities Page 313 1 1 Sources of Revenue 1988 Supplement _ ments. Consequently, it has become the backbone such as minerals, may be separately owned and of local revenue systems. taxed as real estate. 3 State law has restricted city governments to The term personal property refers to all levying taxes against property. Most cities depend detached or detachable moveable property, includ- on it for much of their operating revenues. Many ing furniture and other personal belongings, as considerations of equity are involved in the well as commercial inventories and equipment a property tax concept and process. For these business uses to produce income. 4 Virtually all reasons, local officials should be familiar with the personal property is exempt from taxation. 5 tax itself, with the tax levy limits and authoriza- tions,with the details of its execution,and with the All real property in the state is taxable as maintenance and improvement of the tax base. property under the laws of Minnesota,with certain exceptions. 6 The city has no authority to deter- Intergovernmental Problems mine what property is taxable, nor in what propor- tions or amounts. The legislature alone prescribes The property tax supports many governmental the procedures to follow and sets all rates and ex- jurisdictions. The average homeowner pays, emptions. The assessor and the local board of through the property tax, for the support of the review have authority only to determine valuations city, school district, county, and any special dist in accordance with the procedures the legislature tricts such as sanitary districts, housing and has prescribed. redevelopment authorities, hospital districts, watershed districts, soil and water conservation Assessors must list all real property subject to districts, and park districts. taxation. The county or city assessor must assess at least one-fourth of the listed parcels each year, This multiplicity of taxing jurisdictions creates providing reappraisal of each parcel at maximum problems, including the taxpayers' confusion ' intervals of four years. The assessor's list must in- regarding who is using their money. For example, elude all real property becoming taxable in any r people often criticize city governments for tax in- year with reference to its value on January 2 of i creases when,in fact,the city decreased its tax rate that year. 7 while other taxing jurisdictions were increasing theirs. This sharing of the tax base hampers in- Property Tax Process tergovernmental coordination and limits the coun- cil's power to increase tax rates within its own levy The steps in levying property taxes start with in- limitations. structions to local assessors and end with the tax settlements the county auditor makes. Equalization of Assessment Ratios Between April 1 and June 30,or later if the com- Another intergovernmental problem is the missioner of revenue gives an extension of time$ equalization of assessment ratios between taxing the local board of review must hold a meeting. districts. Taxpayers in assessment districts which The board examines the assessor's list to deter- have a high ratio of assessed value to market value, mine if it accurately lists all taxable property. pay proportionately more property taxes than tax- payers in assessment areas with a lower ratio, as- By the first Monday in May, the assessor must suming equivalent actual values in properties. The have delivered the completed assessment books to state uses several methods in trying to equalize the county auditor. 9 these assessments. State statutes specify when county boards of Real and Personal Property Taxes equalization must meet to examine and compare the assessment of property within the county, and Minnesota law defines the term real property as equalize them so that each tract or lot is assessed the land itself including all buildings, improve- at its market value. 10 Action a board takes after ments, and other fixtures on it; all rights and adjournment is not valid unless the commissioner privileges pertaining to it; and all mines, mineral of revenue approves a longer session.The law also quarries, fossils, and trees on or under it. 2 The specifies when the state board of equalization statutes state that wealth connected with the land, meets. 11 Page 314 Handbook for Minnesota Cities • C 1988 Supplement Chapter 20 Before October 25, the city council must set the to supply information relating to property assess- tax levy for the next year and send a certified copy ment and tax collection. The city or any person to the county auditor. If a city fails to do this, the directly interested in the order may appeal an or- county auditor will levy the amount that the city der to a special board of tax appeals. 19 levied in the previous year. 12 The assessment official at the county level is the Before the first Monday in January,the local as- county assessor. It is his or her duty to make the sessor must receive the property assessment final determination of the value of all property books.i3 Also before that date,the county auditor subject to assessment and taxation. 20 If the city spreads the city's tax levy on all taxable property has its own assessor, he or she views and appraises in the city. On the first Monday in January, the the property,21 but the county assessor assigns all county auditor delivers the tax records to the book work and final evaluations. The county as- county treasurer who then collects the tax. 14 sessor must determine the assessed value of all property in the county and prepare all necessary - As soon as possible after March 5 and May 20 assessment books and records. of each year, the county treasurer pays to the city its portion of all monies the county received from The county assessor must examine the assess- levy and collection of taxes. 15 ment appraisal records of each local assessor any _ time after January 15 of each year and must notify Property tax distributions, the estimated collet- the local governing body of any deficiencies. 22 If tions that the county treasurer makes to local juris- the local assessor doesn't correct the deficiencies dictions, must include taxes, special assessments, within 30 days, the county assessor, with the ap- and any penalties and interest due to the taxing proval of the commissioner of revenue, may do so. jurisdiction. The treasurer or fiscal officer of any The auditor may charge the local unit for the work, taxing district may appeal to the county board the and if the local unit doesn't pay by September 1, county treasurer's estimated collection,if the local the county auditor 3 may levy a tax against property Cofficial believes the amount is incorrect. in the local unit. Assessment of Property If districts do not complete their assessments by May 1, the county assessor will do the work and There are four steps in the assessment of charge accordingly. 24 These provisions do not property: appraising property to determine its full apply in cities over 30,000 population. and true value; classifying property to establish its tax capacity category; equalizing valuations to City Assessor reduce inequities; and reassessing property. If a city has a local assessor, that person must Assessment Officials place valuations on all taxable real property in the city. 25 To do this, the assessor receives annually In addition to members of boards of review or from the county auditor, on or before the first equalization, the state, each county, and some Monday in December of each year, the necessary cities have an official responsible for property as- assessment books and blanks. The city assessor sessment. Any county may require the county as- must complete the work and return the books to sessor to assess all property, except for property the county auditor either on or before the first in cities over 30,000 population. 16 Monday in May or after the last meeting day of the city board of review, whichever is later. State and County Officials Instructions in these duties are available from The state commissioner of revenue administers several sources, including an annual meeting with assessment laws, striving for a fair and equal as- a representative from the state department of sessment of all property in the state. The commis- revenue. Assessors may obtain valuable assistance sioner's duties include instructing assessors, from the book, Assessor's Manual, from the corn- satisfying grievances, and refunding taxes if the missioner of revenue. The state board of assess- county board and the county auditor recommend ment establishes courses and approves classes that such action, 17 ordering the reassessment of any schools, colleges, and universities offer. real or personal property, 18 and requiring cities Handbook for Minnesota Cities Page 315 • ' J Sources of Revenue 1988 Supplement When in doubt about the valuation of a parcel property's initial tax as the product of the of property, a local assessor should seek aid from property's market value and the net tax capacity the county assessor. The local assessor should al- rate (one percent in the case of homesteads.) The ways be reasonably certain before placing valua- homestead credit be stated on homeowners' tax tions on property and should not hesitate to seek statements. The credit will be the difference be- whatever aid is necessary. tween the property's gross tax capacity (217 per- cent times the property's value) and the net tax Joint Assessment Under Contract capacity (one percent times the property's value.) The resulting decrease in tax will be indicated as Any city which is wholly within a county and the"state-paid homestead and agricultural credit." separated from a township for assessment pur- The value of this homestead credit will increase if poses may enter into either of two kinds of agree- the market value of the home increases, or decline ments allowing someone other than a local asses- if the home's market value declines. Tax state- sor to assess the property. 26 ments will also show the reduction in tax at- tributable "state-paid tax relief," which will equal The city may contract with the county to have the sum of education aid,LGA,disparity reduction the county assessor assess property. Or, the city aid, and county income maintenance aid. may participate in an agreement with another city or town. Under such an agreement, either.. Disparity reduction aid governmental unit could employ an assessor or they could jointly employ an assessor to assess In 1989, $63.2 million in disparity reduction aid property in both jurisdictions. will go to taxing jurisdictions with high mill rates. Generally, jurisdictions whose equalized payable The local units must make these contracts or 1988 total mill rates are greater than 125 mills will agreements under the terms of the Joint Powers receive disparity reduction aid. However, the law Act, 27 and the commissioner of revenue must ap- prohibits using disparity aid to buy down mills at- prove them tributable to school debt or referenda. About 515 :r cities will receive disparity reduction aid in 1989. Valuation of Property For 1990 and later years, disparity aid will remain at 1989 amounts. Assessors must value all property at its market value. 28 The statutes define market value as the Truth in taxation usual selling price in that location at the time of assessment. It is the price which a seller could ob- A "truth in taxation" provision that will require all 1 tain at a private sale and not at a forced or auction local governments to notify each property owner sale. Market value is not necessarily the same as of proposed tax increases and conduct public original cost or intrinsic value. The assessor has hearings on proposed budgets will go into effect authority to consider other value-producing factors in 1989, for taxes payable in 1990. Cities under in assigning value to property. 2,500 population do not have to comply with the truth in taxation law. Property Tax Classificiations Homestead credit replacement aid The 1988 legislature eliminated the current clas- sification structure which applied varying assess- Beginning in 1990, the law eliminates homestead ment ratios to market values, depending upon the and agricultural credits and replaces them with a property type. 29 The new law creates "net tax new transition aid program. For 1990, the transi- capacities" for each property type. These tax tion aid for each local taxing jurisdiction will be capacities are tax rates applied to a property's roughly equal to what that jurisdiction receives in market value in order to calculate the tax. Taxes 1989 from the homestead and agricultural credit are now based on a fixed percentage of a minus three percent of the jurisdiction's net tax. property's market value. Local jurisdictions will receive aid in proportion to their levy for payable 1989. Beginning in 1990, property tax statements will indicate the property's market value and the net The law provides local units with a "homestead tax capacity rate. The statement will show the and agricultural credit guarantee." This provision Page 316 Handbook for Minnesota Cities 1988 Supplement Chapter 20 guarantees a taxing jurisdiction that the amount it work, the city, county, and state levels of govern- receives from the sum of education aid, transition ment review and modify, with limitations, the as- aid, disparity reduction aid, local government aid, sessments. During this review, two kinds of cor- and county income maintenance aid will be greater rections are possible: the governing body may than the homestead and agricultural credits it check the assessor's lists for accuracy, hear in- would have received under the 1989 homestead dividual complaints, and make any necessary ad- credit law. justments; and it may equalize the ratio of market to assessed market values.The first function is the For 1991 and subsequent years, future transition sole concern of the city board of review, while the aid payments to each local government will remain county and state boards devote more time to the at the 1990 level, latter task. Exempt Property When the entire procedure is complete, the county auditor puts the valuations in his or her Several classes of property are exempt from records to use when making up the tax rate figures. property taxation (but not necessarily from special Only when all three levels of government have assessments). 31 These include: reviewed and equalized the assessments, do they become the official assessed values. 1. All public burying grounds; —- City Board of Review 2. All public schoolhouses; The city council may serve as the board of 3. All public hospitals; review in cities which have been separated from the town. 36 In cities which have not been 4. All academies, colleges, and universities, separated from the town for assessment and elec- and seminaries; tion purposes, the town board serves as the board of review. 5. All churches, church property, and houses of worship; The city council may appoint a special board of review. It may delegate to the board all of the 6. Institutions of purely public charity; 32 powers and duties the council would have if it acted as the board of review. The members of the 7. All public property, including all city- special board of review serve at the direction and owned property for exclusive public pur- discretion of the council . The council determines pose use; and 3.5 the number of members, the compensation and ex- pense payments, and the term of office. At least 8. Real and personal property for the abate- one member of the board must be an appraiser, ment and control of air or water pollution. realtor, or other person familiar with property valuations in the assessment district. Local governments in Minnesota may not ex- empt any land from taxation for the purpose of at- The board of review meets in the city clerk's of- tracting or keeping industry. 34 The city council, fice. The city assessor and the county assessor however, may offer a developer a deferral of must attend this meeting with their assessment property tax on property improvements during the books and papers. These officials may take part construction period until the improvements are in the proceedings, but may not vote. complete and 50 percent of the area of the building becomes occupied. 35 Once this occurs, the The meeting date of the board of review, which developer will be subject to the full property tax must be between April 1 and May 31, is fixed by plus the property tax on the property at the time the county assessor on or before April 1 of each the deferral took effect, times the number of years year by giving written notice to the city clerk.After of the deferral . receiving the notice, the clerk must give published and posted notice of the meeting at least 10 days Equalization Procedures before the date of the meeting. Once the assessor has completed his or her Handbook for Minnesota Cities Page 317 Sources of Revenue 1988 Supplement A majority of the members may take action at County Board of Equalization the board of review meeting and may adjourn the meeting from day to day for a period of 20 days The county board of equalization consists of until they complete their work. After 20 days, the either the county auditor and the county commis- board has no authority and any action it takes is sioners, or a special board of equalization that the invalid unless the commissioner of revenue has auditor and the board of county commissioners ap- granted an extension. points. 37 The statutes establish meeting dates. • In fulfilling its role, the board of review has Although the county board of equalization may three main functions. decrease and,after notice to the taxpayer,increase individual valuations, its primary task is to 1. It must review the assessor's list, making equalize the ratio between market value and sure that all taxable property in the city has assessed market value in the various districts. Its been properly placed on it. main purpose is to secure uniformity of assessed value from district to district with only occasional 2. It must review the assessor's valuations, attention to uniformity between taxpayers within striving to standardize the ratio between any one district. It may not reduce the aggregate market value and adjusted market value valuations of either real or personal property in for each individual piece of property. To — the county below the amounts the assessors have accomplish this, the board may raise or determined, but it may increase these amounts. lower valuations on individual properties, but it cannot increase valuations without Upon the property owner's application, the notifying the property owner and giving board may change a property's homestead clas- that person an opportunity to be heard. sification or reduce its market value by as much as $300, reducing or refunding any taxes the per- 3. The board must hear and settle the coin- son has already paid. 38 plaints of individual property owners regarding the valuations on their property. State Board of Equalization If a person fails to appear in person or through The commissioner of revenue acts as the state counsel or written communication before the board of equalization. 39 The commissioner's board of review after receiving notice of intent to primary assessment task is to assure uniformity of raise the assessment, or if a person fails to apply valuations between counties. The commissioner for a review of the assessment, he or she may not may adjust valuations between districts and be- appear before the county board of equalization for tween classes of property. The commissioner may a review of the assessment. An exception is when raise or lower individual assessments, but may in- the assessment takes place after the meeting of the crease individual assessments only after the tax- board of review or when the aggrieved person can payer has received notice and has had an oppor- establish that he or she did not receive notice at tunity to be heard. The commissioner may not least five days before the local board of review reduce the aggregate value of all property in the meeting. state by more than one percent below the total the county boards of equalization have reported. The The local board of review may not reduce the commissioner may order a reassessment of total or aggregate amount of the county assessor's property in any district. assessment by more than one percent. This means that the board must often compensate for reduc- Appeals to Tax Court tions in assessed values by making comparable in- creases in assessments against other parcels of The tax court is the final authority for the property. hearing and determination of all questions under the property tax laws of the state, except for an After the final adjournment of the board of appeal to the Supreme Court. 40 The tax court review, the city assessor may make additional as- has jurisdiction in cases dealing with property sessments, but the board cannot make further taxes only after the taxpayer has appealed the review. Complaints on these later assessments can valuation or assessment to the town or city board go to the county board of equalization, of review and to the county board of equalization, Page 318 Handbook for Minnesota Cities 1988 Supplement Chapter 20 except for those taxpayers whose original assess- structure. The revenue department estimates that ments came from the commissioner of revenue. the 1989 funding level for the two new LGA The tax court has no jurisdiction involving an or- programs combined will be $372.8 million, up 25.5 der of the state board of equalization unless a tax- percent from total 1988 funding of$297 million. payer contests the valuation of the property. The basic LGA formula, will provide an es- The tax court must hold hearings at any place timated additional $62.9 million in 1989 for cities. in the state so that taxpayers may appear before The new basic LGA formula guarantees each city the court with as little inconvenience and expense a minimum base revenue amount (levy plus aid) to the taxpayer as possible. of$160 per household.This guarantee is increased by $150 per household for each tenfold increase The small claims division of the tax court has (or fraction) in the number of households. Thus, jurisdiction in any case concerning the valuation, the larger the city,the larger the minimum revenue assessment, or taxation of residential property the guarantee. taxpayer has homesteaded.It also hears cases con- cerning the tax laws in which the amount in con- No state aid is available under the basic formula troversy does not exceed $5,000, including if the local unit can finance the guaranteed amount penalties and interest. 41 per household with 23 percent of its total taxable value. (The formula specifies 23 percent to be the The notice that goes to the taxpayer of the as- city portion of the jurisdiction's total taxable sessment, determination, or order of the commis- value.) sioner or the appropriate unit of government, should include written notice that the taxpayer has This basic formula is similar in concept to the the right to appeal to the tax court, and if ap- school aid formula in that the state will finance plicable, to the small claims division. The notice the difference between the guaranteed amount per must state that the taxpayer must appeal to the household and what the city can raise locally. ( town or city board of equalization and to the Lower wealth communities would thus tend to county board of equalization before appealing to receive more state aid under the formula than the small claims division of the tax court, except higher wealth communities. in those cases where the commissioner of revenue determined the assessment. 42 1989 Basic LGA: Base Revenue Guarantees B. Local Government.Aid Ranges for Number of Base Revenue * Local government aid (LGA) is a state aid to Households Guarantee local governments. LGA has undergone several changes since its creation in 1971. It has replaced 0 - 10 $160 most of the individual taxes such as cigarette, Ii 11 - 100 161 310 quor, bank excise, and gross earnings taxes which 101 - 1,000 311 - 460 the state previously distributed to local govern-1,001 - 10,000 461 610 ments under various laws. 43 10,001 - 100,000 611 - 760 100,001 and over 761 - 910 By August 15 of each year, the commissioner of revenue must notify taxing authorities of their aid Special factors increase these base revenue amounts for the following year, as well as the data guarantees. For Minneapolis, St. Paul, and all cities factors the state used to calculate the amounts. located outside the seven-courtly metro area, the Cities must appeal any disagreement with the aid base revenue guarantee is increased by $190 per figures to the commissioner within 60 days of this household. In addition, for cities experiencing a notification. decline in population (from the third year preceding the current year), the increase in the base revenue Under a 1988 law, the legislature eliminated the Guarantee is 15 percent. previous LGA formula and established two new LGA programs: a basic LGA program and an al- The law grandfathers previous LGA amounts ternative LGA program. These new programs add and minimum and maximum increases apply. As a a great deal of complexity to the current LGA minimum under the basic formula, each city will Handbook for Minnesota Cities Page 319 Sources of Revenue 1988 Supplement J receive in 1989 the amount of LGA it received in sale compared to the assessment date, and inade- 1988 plus a minimum increase of two percent of quate sale size. 44 its 1988 LGA.The 60 cities receiving the minimum two percent increase are generally cities with weal- Cities receive their LGA in two equal payments thier tax bases. Under the LGA basic formula, on July 20 and December 15. A city may request these higher wealth cities are"off the formula" and an advance from the commissioner of revenue if it are considered to be able to finance their revenue has a cash flow problem. needs through their own tax base. Since the stated purpose of local government aid As a maximum under the basic formula, a city is to provide property tax relief to local govern- can receive an increase as high as nine percent of ments, the law provides for uniform accounting the city's combined 1988 levy and LGA. However, and reporting standards for cities over 2,500 and the limitation for the maximum increase under this uniform reporting requirements for cities under basic formula is 20 percent of the city's 1988 levy 2,500 population. 45 or the initial aid amount, whichever is less. (The initial aid amount is the amount the city would C. Homestead credit receive under the basic formula if there were no limits.) Cities receiving the larger basic LGA in- The homestead credit reimbursement is a form creases are cities where the spending level_ of intergovernmental revenue because it is a (combined levy plus LGA) is well below the per replacement of the homestead credit from the state household revenue guarantee in the formula. general fund. The 1988 Legislature retains the homestead credit for payable 1989, but abolishes In addition to the basic LGA program, an al- it in payable 1990, replacing it with a transition ternative LGA formula will provide $12.9 million replacement aid. 46 For payable 1989, the credit in additional LGA increases to 77 cities in 1989. will continue to equal 54 percent of the gross tax This formula specifically excludes smaller cities paid on the first $68,000 of homestead value. with populations over 2,500 and generally helps However, the maximum credit will increase from ( cities with below average taxable wealth. For the $700 to $725. The 1989 agricultural credit will be future, the new tax law grandfathers these alterna- the same as payable 1988 (except no agricultural tive LGA amounts by combining them with the credit is available for seasonal recreational basic LGA. property.) The agricultural credit, however,will go One of the figures used to calculate a city's LGA to all taxing districts, not just to schools. is fiscal capacity, measured in terms of a city's For payable 1989 only, a special "targeting" equalized assessed value (changed to "equalized credit will be granted to homesteads with tax in- tax capacity" under the 1988 tax law.) Equalized creases over 10 percent. The credit will equal 75 assessed value (tax capacity) is the assessor's es- percent of the increase in property tax (after timate of market value of all taxable property in homestead credit and property tax refund) over 10 a city divided by the city's sales ratio. percent . The maximum credit is $250 and the credit does not apply to increases of less than $40. A city's sales ratio is a percentage figure the Homeowners in some suburban metropolitan corn- state department of revenue derives by dividing munities may be eligible for this special credit. the assessor's market value figure by the actual sel- ling price for property sold during the year. Its The taconite homestead credit will also remain purpose is to equalize the tax capacity of property for payable 1989, but a homestead will not receive in one taxing jurisdiction to make it comparable a tax reduction of more than five percent over the with other taxing jurisdictions throughout the previous year. state. A city may appeal its sales ratio determina- tion. The law provides that no sales ratio study For budgeting purposes, the city should not in- shall be conclusive or binding on a court . Any elude homestead credit reimbursement as a receipt party may introduce evidence of the unreliability in the "expected revenues" section of the budget, of a sales ratio study, including, but not limited to, because it is reflected in the total tax levy. Also, evidence of inadequate adjustment of sale prices when the city receives the homestead credit reim- for terms of financing, inadequate adjustment of sale prices to reflect the difference in the date of Page 320 Handbook for Minnesota Cities C 1988 Supplement Chapter 20 bursemcnt, it should not leave it in the general 5. A reliable adequate method of receiving fund, but should apportion it to the appropriate fire alarms and sounding alarms; funds. 6. An additional piece of motorized firefight- D. Fire and Police, State Aids ing apparatus for use outside the corporate limits of the city; and Another important source of intergovernmental revenue is state aid for police and fire service. 47 7. Other requirements the commissioner es- tablishes by rule. The state collects a premium tax of two percent The state fire marshal has the right to inspect from insurers with authority to write fire, light- the fire department of any city or non-profit ping, sprinkler leakage, and extended coverage in- firefighting corporation to insure that it meets the surance on risks within the state. Similarly, a above requirements. 51 premium tax of two percent applies to fire and casualty insurers for insurance premiums insuring In order to receive fire state aid, the clerk of against the risks of auto liability/bodily injury, each city having an organized fire department, or auto liability/property damage, and auto physical the secretary of each independent non-profit damage. The state apportions these monies as— firefighting corporation and the secretary and state aid to qualifying cities for fire and police treasurer of the firefighters' relief association retirement and relief. 48 If 48 is no firefighters' must jointly certify existence of the department or relief association, then the city must use the fire corporation which meets the minimum require- aid to maintain the fire department. 49 menu for receiving state aid.The state auditor and the commissioner of revenue determine qualified Fire State Aid state aid recipients. To qualify for state aid for fire service, a city Qualification depends on information in the fire must have had for one year or more before the department personnel and equipment certifica- lion,any audits the state auditor or an independent June 1 reporting date, an organized fire depart- ment or an independent non-profit firefighting auditor conducts, and any other relevant informa- corporation providing relief and pension benefits. lion. Upon completion of the determination, on or Those organizations must meet the following min- before September 1, the commissioner calculates the amount of fire and police state aid which each imum requirements: 50 city is to receive. 1. An active force of at least 10 firefighters, If the relief association does not meet the finan- who may be salaried, volunteer, or a com- cial disclosure provisions in the law, it will not bination of each, including a fire chief and assistant fire chief; qualify to receive any money. 2. A schedule of regular meetings and fre One section of the law affects approximately 30 quent drills which include instructions in cities with local non-volunteer firefighters' and firefighting tactics and in the operation, police relief associations, but some parts also af- feet volunteer firefighters' relief associations. 52 deployment, and care of firefighting ap paratus and equipment; The law authorizes the Legislative Commission on Pensions and Retirement to request and receive 3. Adequate firefighting apparatus and equip- any data on police or fire relief associations. The ment, including a motorized fire truck state auditor may audit relief associations annually, equipped according to state standards; but may contract with a certified public accountant for the annual audit. (Cities may request the state auditor to allow them to use the city's auditor for 4. A building of sound construction, suitable the relief association audit.) The auditor's report for housing firefighting apparatus with facilities for the care of a fire hose and goes to the governing board of the association and firefighting equipment; to the affected city council . The state auditor may determine that an annual audit is not necessary Handbook for Minnesota Cities Page 321 - • Sources of Revenue 1988 Supplement and may authorize other means for examining the 2. Half of the available state aid is in propor- financial records of the relief association. tion to the total assessed property valua- tion, less mineral values. 53 Relief associations may use association funds to pay for the audits. They are an authorized special Distribution from the state to independent fund expense. The association may use general firefighters' relief associations occurs in the same funds to pay for the cost of the audit if the bylaws way: half of the money available goes to associa- permit. If the audit expenses come out of the spe- tions on the basis of assessed property valuation cial fund, the cash requirements of this fund will of the areas receiving fire protection service, and increase by the amount of any extra audit expendi- the other half in proportion to the population of tures, and the city will ultimately pay these audit- the area the fire department serves. ing expenses. A qualifying independent fire department or The state auditor must file a financial corn- city that provides contracted fire protection service pliance report with the commissioner of finance to another city or township should include the for each relief association. The state auditor must population and valuation of that area on its ap- also notify the legislative commission on pensions plication for state aid.They must file the contracts if the audit reveals malfeasance, misfeasance, or with the commissioner of finance. nonfeasance in office, or if the relief association_ has not filed its annual report by July 1 each year. The aid goes directly to the city treasurer. If a duly incorporated relief association exists, the The board of each salaried firefighters' and treasurer must transmit the aid within 30 days to police relief association and each volunteer the relief association, provided the association has firefighters' relief association with assets or filed a financial report with the city treasurer and liabilities of at least $200,000, must prepare an an- has met all other statutory provisions. 54 nual financial report. The city clerk or clerk- treasurer must countersign the report. The as- Police State Aid f sociation must file it in the relief association office and submit it to the city council and the state To participate in the police state aid apportion- auditor. ment,the clerk of each city employing one or more police officers must file a certification of police Volunteer firefighters' relief associations with officers. The state sends certification forms in assets or liabilities of less than $200,000 must December to all cities employing police officers. prepare an annual statement of financial affairs and have an independent public accountant or the For state aid purposes, police officer means any city's auditor certify it. The association must file person: this statement in the relief association's office and submit it to the city council and the state auditor. 1. Whose primary source of wage income is from direct employment as a city law en- The treasurer of each volunteer firefighters' forcement officer, for not less than 30 relief association must be bonded for an amount hours per week; equal to at least 10 percent of the assets of the association, up to $500,000. The relief association 2. Who has been employed for a minimum of board sets the figure between these levels. The six months prior to December 31 preceding city council must determine the amount of the the date of the current year's certification; bond if it has a paid fire or police relief associa- tion. 3. Who is sworn to enforce local ordinances and the general criminal laws of the state; Fire aid distribution to cities is as follows: 4. Who is authorized to arrest with a warrant; 1. Half of the available state aid goes to cities in proportion to total population based on 5. Who is a member of a local police relief the latest available statewide federal association or the public employees' police census; and and fire fund; and Page 322 Handbook for Minnesota Cities