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Capital IconMinnesota Legislature

Legislative Session number- 81

Bill Name: SF3790

Relating to the property tax; reducing the formula for determination of the
increase in limited market value and providing for the disregard of market value
limits for assessment sales ratio study and state aids purposes; reducing the
property tax classification rates for certain residential and agricultural
homestead, commercial industrial, apartment and mining property and eliminating
the separate taxation of property located in transit zones; modifying the
education homestead credit and agricultural credits; extending levy limits,
modifying the city and county levy limit base and excluding the deduction for
certain mining tax distributions from the calculation of the adjusted levy limit
base; modifying the levy limit base adjustment formula for consolidation (ra)