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I <br />I <br />I <br />I <br />I <br /> <br />For property tax payable in 1982, a state law was in effect which <br />provided that if the total amount of property tax collected by a city <br />for.1982 was more than eight percent over the amount collected by the <br />city for 1981, the state would apply the homestead credit only to a <br />part--not all--of each homeowner's property tax bill. The remaining <br />portion of the homeowner's property tax bill had to be paid fully by the <br />homeowner--without the help of any contribution from the state. <br /> <br />This law expires with the end of the 1982 property tax year. For property <br />tax payable in 1983--regardless of the percentage by which a city <br />increases the amount of property tax it will collect--the state will <br />apply the homestead credit to each homeowner's entire property tax bill. <br />Each homeowner of the city will have his or her property tax bill reduced <br />by a contribution from the state of 58 percent (up to a maximum credit <br />amount of $650) of the entire property tax bill. <br /> <br />If you have any questions, please write me at the Local Government Aids <br />and Analysis Division, Department of Revenue, Centennial Office Building, <br />St. Paul, Minnesota 55145, or telephone me at (612) 296-2246. <br /> <br />Very truly yours, <br /> <br />WALLACE O. DAHL, Director <br />Local Government Aids and Analysis Division <br /> <br />WOD:DJE:dlw <br /> <br />-3- <br /> <br /> <br />