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8.0. SR 07-26-1993 A.( ~( ( II rill River ITEM 8. TO: FROM: MAYOR & CITY COUNCIL ( LORI JOHNSON, FINANCE DIRECTOR ~~ DATE: JULY 22, 1993 SUBJECT: URBAN/RURAL TAX RATIO ORDINANCE AMENDMENT A public hearing has been called for 7:00 on Monday to discuss a proposed ordinance amendment which would change the benefit ratio of the urban and rural taxing districts. The current ratio is .6 and the published ordinance amendment stated the ratio at .9. The published ordinance can be changed to any ratio the Council feels appropriate. e As background information, this issue came up last fall during payable 1993 tax calculations due to the wrong classification of commercial/industrial properties by the County. There were numerous commercial/industrial parcels which should have been included in the urban district, but were improperly included in the rural district. When the County corrected the error, the taxpayers in the rural taxing district experienced a relatively large decrease in the tax rate for taxes payable for 1993. Previous to that time, the difference between the urban and rural tax rate had been minimal, between 2.4 to 3.2 points. In 1993, the difference was 7.438 points. YEAR URBAN RURAL DIFFERENCE ------ -------- -------- ---------- 1993 20.560% 13.122% 7.438 1992 19.742 17.102 2.640 1991 20.690 18.276 2.414 1990 22.620 19.389 3.231 Note: Taxes decreased from 1990 to 1992; the 1993 rates would have also shown a decrease from 1992 had we had time to correct the situation caused by the classification error. e In an effort to maintain continuity between the difference in the urban and rural taxing districts, the ratio needs to be changed from .6 to approximately .85. In addition to adjusting the ratio for 1994 taxes, the ordinance can be worded to include benefit ratio changes for future tax years. The benefit ratio change could be phased in whereby it changes to .85 in 1993, .90 in 1995, .95 in 1997, and 1 in 1999, for example. This would eliminate the need to go through this process for future changes. I have calculated the urban and rural tax rates based on a ratio of .80, .85, .90, .95, and 1. Each of these calculations P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 e e e was made using 1993 property tax and levy numbers. However, when comparisons are made to past years, they should be made to 1992 tax rates instead of 1993 tax rates. As I stated earlier, the 1993 rates are not consistent with the past due to a classification error which was corrected in 1993. The following table indicates what the 1993 tax rates would have been based on the various benefit ratios. BENEFIT RATIO URBAN RURAL DIFFERENCE ------------- ----- ------ ---------- .80 20.165 16.432 3.733 .85 20.070 17.237 2.833 .90 19.975 18.034 1. 941 .95 19.882 18.822 1. 060 1. 19.790 19.603 .187 Note: Because the 1977 G.O. Refunding Levy is split 58% to the urban district and 42% to both the urban and rural districts, an equal benefit ratio does not equate to an equal tax rate. The final levy for the 1977 refunding issue is for taxes payable in 1996 after which a ratio of 1 would provide for equal tax rates for the rural and urban districts. A benefit ratio of .85 would bring the urban and rural taxing rates within 2.833 points which is slightly larger than the difference in the 1992 rates. A ratio of .90 would bring the difference to 1.941 points which is slightly less than the 1992 difference. A copy of the proposed amendment is attached for your review. Again, this amendment includes a ratio of .90; however, the Council may change that number to any number it feels appropriate. In addition, it is suggested that future changes be incorporated into this ordinance amendment. In order for the benefit ratio change to be effective for taxes payable in 1994, the ordinance amendment needs to be certified to the County Auditor by August 1. Please keep in mind that changing the benefit ratio does not affect the amount of tax revenue the City receives, instead it redistributes the way it is collected. Because you are familiar with the logic behind the urban and rural taxing districts, I have not distributed a great deal of background information. However, if you feel you want additional information regarding the consolidation and the reasons for the separate taxing districts, please let me know and I will provide that information. Also, I did not provide the detailed calculations for each of the proposed benefit ratios. That information is also available for your review. I will be available at Monday's meeting to address any additional questions you may have. e e e At Monday's meeting, Council is asked to approve an ordinance amendment to Section 1406 of the Elk River Code of Ordinances to restate the benefit ratio for the rural/urban service districts. . . e ORDINANCE 93 - AN ORDINANCE AMENDING THE CODE OF ORDINANCES FOR THE CITY OF ELK RIVER SECTION 1406 TO RESTATE THE BENEFIT RATIO The City Council of the City of Elk River does ordain as follows: Section 1. The Code of Ordinances for the City of Elk River is amended to restate Section 1406.00 to read as follows: Section 1406 - Rural/Urban Service Districts 1406.00 - Amendment of Benefit Ratio. The benefit ratio as defined in Minnesota Statutes, Section 272.67, and originally established by the State of Minnesota Municipal Board Order regarding the consolidation of the Town of Elk River and the City of Elk River, dated October 31, 1977, is hereby amended to a ratio of .90. Section 2. This ordinance shall become effective upon filing a certified copy of the ordinance with the County Auditor. Passed and adopted by the City Council of the City of Elk River, this 26th day of July, 1993. Henry A. Duitsman, Mayor ATTEST: Sandra A. Thackeray, City Clerk