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City of Ramsey <br /> <br />15153 NOWTHEN BOULEVARD N.W., RAMSEY, MINNESOTA 65303 · (612) 427-1410 <br /> <br />,Sanuary 14, 1987 <br /> <br />· he Honorable Gene Nerri~ <br />l~d~esota Senate <br />122 Capitol <br />b~c. Paul, 1~1 55155 <br /> <br />Dear Senator Metric: <br /> <br />· ae P~msey Eoonc~ic Pevelopaent C~ission is very concerned with <br />the i~pact of the state's commercial and industrial property tax <br />rates on the business climate in Plinnesota. <br /> <br />As you probably knc~, ~al!/m~di~ businesses are the basis of the <br />local and state economy. These businesses also provide the <br />majority of employment opportunities in the state. Due to the <br />state's property tax structure, these businesses are burdened <br />with a disproportionate share of property taxes compared to <br />residential property ~ers. <br /> <br />In addition, the taxes on unimproved platted commercial or <br />industrial land are also prohibitively high. The state should <br />enoourage the platting of raw commercial and industrial land to <br />all~ for orderly development. However, the tax burden on such <br />property if the lots are not improved (developed) almost <br />immediately is far too high. <br /> <br />We feel that major reform of the state's property tax system is <br />imperative, especially those taxes on commercial and industrial <br />properties. This issue must be addressed this legislative <br />session if the economic viability of the state is to be <br />preserved. <br /> <br />Thank you for your time, ~onsideration and action on this issue. <br /> <br />Yours truly, <br />Donald Oreenberg' ~/ ' ' <br /> <br /> <br />