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HomeMy WebLinkAboutResolution 2017 (21) Resolution No. 21 (2017) � , ��, . UNTY RESOLUTION TO CLOSE LOOPHOLES THAT SHIFT A GREATER PROPERTY TAX BURDEN FROM COMMERCIAL TO RESIDENTIAL HOMEOWNERS 1 Whereas, home owners in Wisconsin already pay 70% of the total statewide property tax 2 levy; and 3 4 Whereas, that disproportionate burden is about to get much worse unless the Legislature 5 addresses tax avoidance strategies that national chains like Walgreens, and big box retail 6 establishments like Target and Lowe's are using across the country to gain dramatic reductions 7 in their property tax bills at the expense of homeowners and other taxpayers; and 8 9 Whereas, a carefully-orchestrated wave of 100s of lawsuits in Wisconsin is forcing 10 assessors to slash the market value of thriving national retail stores, shifting their tax burden to 11 local mom and pop shops and homeowners; and 12 13 Whereas, Walgreens and CVS stores in Wisconsin have argued in communities across 14 the state that the assessed value of their property for property tax purposes should be less than 15 half of their actual sale prices on the open market; and 16 17 Whereas, in many cases the courts have sided with Walgreens and CVS, requiring 18 communities to refund tax revenue back to the stores; and 19 20 Whereas, there are over 200 Walgreens stores located in Wisconsin's cities and villages; 21 and 22 23 Whereas, Target, Lowe's, Meijer, Menards and other big box chains are using what is 24 known as the"Dark Store Theory"to argue that the assessed value of a new store in a thriving 25 location should be based on comparing their buildings to sales of vacant stores in abandoned 26 locations from a different market segment; and 27 28 Whereas, the Republican-controlled Indiana state Legislature has on two occasions in the 29 last two years overwhelmingly passed legislation prohibiting assessors from valuing new big 30 box stores the same as nearby abandoned stores from a different market segment; and 31 32 Whereas,the Michigan state house overwhelmingly passed similar legislation in May of 33 2016. 34 35 Now, Therefore, Be It Resolved, that the St. Croix County Board of Supervisors urges 36 the Governor and the Legislature to protect homeowners and main street businesses from having 37 even more of the property tax burden shifted to them by passing legislation clarifying that: 38 1. Leases are appropriately factored into the valuation of leased properties; and 39 40 2. When using the comparable sale method of valuation, assessors shall consider as 41 comparable only those sales within the same market segment exhibiting a similar highest 42 and best use rather than similarly sized but vacant properties in abandoned locations. Legal—Fiscal—Administrative Approvals: Legal Note: Fiscal Impact: Policy statement, no fiscal impact on St. Croix County. k Cott Cox, Corpora os ;ounsel 4 4/2017 olcrt. N1it�ct, F��� zncrrcc,to 4 1 201.7 tla rick Thompson,("Kauunfy F�clmani lralor 4d4f2017 04/19/17 Administration Committee APPROVED ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .......... RESULT: APPROVED [UNANIMOUS] MOVER: Jill Ann Berke, Vice Chair SECONDER: Ron Kiesler, Supervisor AYES: Sjoberg, Bergren, Berke, Kiesler, Leibfried Vote Confirmation. l Roy 'Sjobe,g, SuPCrv' iso 4f24J°2017 SL Croix County Board of Supervisors Action: Roll Call -Vote Requirement— Majority of Supervisors Present ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .................. RESULT: ADOPTED [14 TO 2] MOVER: Roy Sjoberg, Supervisor SECONDER: Jill Ann Berke, Supervisor AYES: Babbitt, Sjoberg, Long, Nelson, Berke, Ostness, Larson, Hansen, Kiesler, Peterson, Anderson, Achterhof, Leibfried, Peavey NAYS: Ryan S. Sicard, Andy Brinkman ABSTAIN: Agnes Ring, Tom Coulter ABSENT: Laurie Bergren This Resolution was Adopted by the St. Croix County Board of Supervisors on May 2, 2017 Cindy Campbell, County Clerk