HomeMy WebLinkAbout1979-068 CCR Member Gene Lhotka introduced the following resolution and
moved its adoption:
RESOLUTION NO. 79 -68
RESOLUTION SUPPORTING MODIFICATION OF LIMITED
VALUE LAW
WHEREAS, the Limited Value Law as it relates to assessing of properties
took effect in 1973 restricting the raising of property values more than 10%
in any given year; and
WHEREAS, a tax lawsuit has been initiated involving affected property
owners who say that the law treats properties unfairly by taxing them at a
rate below market and others at a rate at market; and
WHEREAS, the Limited Value Law is not equitable, however, the immediate
repeal of the Limited Value Law would create a shift in the tax burden; and
WHEREAS, it appears the most equitable solution at this time would be a
repeal of the Limited Value Law and corrective legislation which would relieve
the inequities of the present law and make adjustments in the assessing system
which would compensate for the shift in tax burden created by the elimination
of the Limited Value Law; and
WHEREAS, if the Limited Value Law is not repealed and corrective
legislation passed during this session of the Legislature the inequities and
the problems of repairing those inequities created by the Limited Value Law
will increase dramatically.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center to urgently request the Legislature to repeal the Limited Value
Law and pass corrective legislation which would relieve the inequities created
by the present law and 'make adjustments in the assessing system which would
compensate for the shift in tax burden created by the elimination of the Limited
Value Law.
February 26, 1979
.Date
ATTEST:
f Clerk
The motion for',the adoption of the foregoing resolution was duly seconded by
member Bill Fignar and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar, Gene Lhotka,
and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.