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PROPERTY TAX LEVIES AND COLLECTIONS <br /> <br />The tax year in Minnesota is January 1 to December 31. Taxes are <br />collected by the County Treasurer. The sequence of events in the taxa- <br />tion of property begins with the certification of the property tax levy <br />to the County Auditor on or before October 10th. The County Auditor <br />then calculates the mill rates and spreads the taxes designed to meet <br />these budget requirements. The resulting taxes on property are payable <br />the following year. The due dates for taxes on real property are one- <br />half on or before May 15 and one-half on or before October 15. The due <br />dates for payment of personal property taxes are one-half on or before <br />February 28 and one-half on or before June 30. <br /> <br />Penalties on unpaid taxes occur as follows: on May 16, unpaid property <br />taxes (first one-half) are penalized at a rate of 3% on property <br />classified as homestead and 7% on property classified as non-homestead. <br />Thereafter, an additional 1% is charged on the 16th day of each month <br />up to and including October 16 for both homestead and non-homestead <br />property. On October 16 unpaid property taxes (second one-half) are <br />penalized at a rate of 4% for both homestead and non-homestead <br />property. Thereafter, an additional 2% on homestead property and 4% on <br />non-homestead property is charged on the 16th day of each month up to <br />and including December 16. An additional 2% penalty is charged on the <br />first business day in January following the year in which the taxes <br />were due and interest is charged based on variable rates per annum, on <br />the full amount of the taxes, penalties, and costs unpaid. Personal <br />property tax not paid when due is penalized at a rate of 8%. Table 6 <br />shows the City's tax levies and collections for collection years 1981 <br />through 1985. <br /> <br /> TABLE 6 <br />Tax Collections in City of Ramsey <br /> <br />Collection Amount of <br />Year Levy <br /> <br />Collected 1st Year Collected as of 12/31/83 <br /> Amount % Amount % <br /> <br />1985 $918,017 In Process <br />1984 827,421 $780,785 94.36% $780,785 94.36% <br />1983 758,204 708,000 93.38% 728,431 96.07% <br />1982 656,387 598,551 91.19% 644,034 98.12% <br />1981 682,343 549,326 80.51% 683,725 100.20% <br /> <br />MN220.85a/29 <br /> <br /> <br />