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The taconite tax relief program is taxpayers who pay property taxes along <br /> available ro taconite relief areas on the with their mortgage payinents. <br /> Iron Range. The value of the credit is <br /> dependent on characteristics such as the Half of the total tax payment is di�e <br /> ���hie of iron ore in the jurisdiction and M1y 15 with the remaining half due <br /> the proximiry to mines. OcC. 1_5. A penalry fee is assessed for late <br /> payments. The back of the statement <br /> Property Tax by Jurisdiction explains how to calculate penalties. The <br /> The tax statement itemizes tax amounts payment amounts must be paid in full <br /> for each taxing,jlirisdiction and any even if the taxpayer is eligible for a <br /> ��oter-appro`�ed referenda levies. All of refund. <br /> the different levies are summed, showing <br /> the total pro�erty tax amount before City, county and school district web sites <br /> special assessments. oftei7 have additional infonnation on <br /> budgets, spending priorities, etc. The <br /> An individl�al parcel is typically in League of Minnesota Cities web site <br /> several taxing jurisdictions: cit�y, county, offers a calculator tool to compare tlxes <br /> school district and any special property on properties in different cities and in <br /> taxing districts, such as a watershed different years. <br /> district. Each jurisdiction levies a tax <br /> aud there is a different tax rate for each Timeline and Additional Information <br /> jurisdiction. Jurisdictions do not set the The entire process for assessing, <br /> tax rate; rather it is a function of the calculating, imposing and collecting <br /> jurisdiction's levy and total tax base. property taxes actually takes two full <br /> [le�y] / [tax base] _ [tax rate] years 1nd is aduiinistered by counties. <br /> Taxpayers receive two documents prior <br /> Each taxing,jurisdiction lnust establish to the tax statement. <br /> the preliminary propc�rry tax levy by mid <br /> Septeinber. The final levy can be less but Assessors detennine market values by <br /> not more than the preliminary ainount. Jan. 2 of the year before taxes are <br /> In very simple terins, the levy is payable. In other words, market values <br /> detennined by the following calculation: for taxes payable in 2008 were set in <br /> Januaiy 2007. Property owners receive <br /> [budget] — [all non-property tax notice of the market vafie from the <br /> revenues) _ [levy] assessor in March of each year. An <br /> appeals process is established for <br /> Special Assessment property o��-ners who disagree with the <br /> Any special lssessments on the property assessed valuation. <br /> are listed by type of assessment. The <br /> sum of any assessi7lents owed is then Truth-in-taxation (TNT) notices are <br /> added to the property tax subtotal. mailed to propeirty o���ners in November <br /> and show the tax burden under the <br /> Pay Stubs proposed le�y. The notice lists both <br /> The bottom of the statement contains actual taxes paid in the previous year <br /> pay stubs showing the lmount and date and proposed taxes. Tlxpayers can see <br /> dl�e that are to be submitted with each what flctors contribl�ted to change in the <br /> payment. The pay stubs are not used by <br /> 3 <br />