Agenda - Council - 06/24/1980 - Laserfiche WebLink

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City of Ramsey 15153 NOWTHEN BOULEVARD N.W., RAMSEY, MINNESOTA 55303 · (612) 427-1410 June 19, 1980 The Honorable Governor Quie Governor State of Mi~_nesota St. Paul, ~nnesota 55i01 Dear Governor Quie: The Council Board of Review this year at their annual Board of Review meeting received ma~y complaints from the City of Ramsey's commercial and industrial leaders how their real estate valuation on their business property are just going out of sight. These industrial and commercial leaders of the community are telling us that they are having a very hard time holding the glue together on their business in this up and down economic climate we're seeing in this country. It appears that ou_~ tax laws are in need of revamping because the formula the assessors use is consistent with the state law. True enough, prop- erty valuations don't make taxes but if the real estate valuation go up on a certain segment of a community (such as the commercial and industry) we then swit~a greater tax b~rden on to them and lessor one on the other segment (residential) which has happened here in Mi~nesota. It appears more than a~thing else that our state tax laws are going to have to be able to reflect economic trends as, they happen. We are going from rapid inflation, high interest rates to a recession almost overnight. However, we see local assessors placing valuation on real estate property at the inflation rate. Consequently, it has become apparent to this City Council that something has to be done to revamp our tax laws in the State of Minnesota. We at the local level have reduced valuations as far as the law will permit. Accordingly, we are enclosing our Council Board of Review Resolution #80-1. We spent a tremendous amount of hours reviewing and studying valuation that had been placed on commercial and industry here in our City. It became quite obvious these people had problems that were serious ones. It is, therefore, requested that a serious study be initiated at a level to make our tax laws more reflective to economic trends. However, maybe this is being accomplished and if. it is we would like to hear what is being proposed. We, in Minnesota, have to recognize that we have to have inovative tax legislation if we want to attract industry to our State. The energy crisis ~s going to be tough on us as it ~s expensive and we don't have any here. So our tax structure is going to have to reflect that situation.