HomeMy WebLinkAboutLGA & Market Value Credit Reductions r n
MINNESOTA- REVENUE
July 17, 2003 _
OAK PARK HEIGHTS CITY OF 'JUL 2 I . -
CLERK- TREASURER
CITY HALL
P.O. BOX 2007 �- - -- -�
STILLWATER, MN 55082 2007
TO: ALL CITY CLERKS /ADMINISTRATORS
RE: CERTIFICATION OF CY 2003 LGA AND MARKET VALUE CREDIT
REDUCTIONS
Following is the amount of local government aid (LGA) your city was scheduled to receive in
CY 2003, the amount of the CY 2003 LGA reduction (per 1 Special Session Laws 2003,
Chapter 21, Article 5, Section 12), and the net amount of LGA payable in CY 2003.
1. CY 2003 LGA: $ 15,951
2. CY 2003 LGA REDUCTION: $ 15,951
3. CY 2003 NET LGA (1 -2): $ 0
Following is the amount of market value credit your city is scheduled to receive in CY 2003, the
amount of the market value credit reduction (per 1 Special Session Laws 2003, Chapter 21,
Article 5, Section 12), and the net amount of market value credit payable in CY 2003 (half of
which will be paid in October 2003 and half in December 2003). NOTE: the amount of market
value credit includes real and personal residential and ag property only. It does not include
manufactured home market value credit.
4. CY 2003 MARKET VALUE CREDIT: $ 88,487
5. CY 2003 MARKET VALUE CREDIT REDUCTION: $ 88,487
6. CY 2003 NET MARKET VALUE CREDIT (4 -5): $ 0
Further information regarding 2003 LGA and market value credit reductions may be found at
the Department of Revenue website: www.taxes.state.mn.us. If you have any further questions
regarding 2003 aid and credit reductions, please contact Shawn Wink at (651) 296 -3394.
Property Tax Division Tet: 651- 296 -3394
Mail Station 3345 Fax: 651- 297 -2166
St. Paul, MN 55146 -3345 Trr.• Call 711 for Minnesota Relay
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