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3. Do you agree that reforming our complex property tax system is necessary? <br />YES NO <br />Please elaborate. If you agree that the tax needs reform, how would you proceed? If you <br />think that its structure is fine as is, explain why. <br />Background: The property tax is now Minnesota ’s largest tax, producing more revenue <br />each year than the personal income tax and the general sales tax. The property tax burden <br />(measured as the effective tax rate) has at least doubled since 1981, making this tax one of <br />the fastest growing expenses in a family or business budget. The circuit breaker, renters <br />credit and targeting programs have provided some relief for homeowners and renters; <br />however, most homeowners and renters remain concerned about escalating property tax <br />burdens.