275.61 VOTER APPROVED LEVY; MARKET VALUE.
Subdivision 1.
Market value. For local governmental subdivisions other than school
districts, any levy, including the issuance of debt obligations payable in whole or in part from
property taxes, required to be approved and approved by the voters at a general or special election
for taxes payable in 1993 and thereafter, shall be levied against the referendum market value of all
taxable property within the governmental subdivision, as defined in section
126C.01, subdivision
3
. Any levy amount subject to the requirements of this section shall be certified separately to the
county auditor under section
275.07.
The ballot shall state the maximum amount of the increased levy as a percentage of market
value and the amount that will be raised by the new referendum tax rate in the first year it is to
be levied.
Subd. 2.[Repealed,
2005 c 151 art 5 s 46]
History: 1991 c 291 art 1 s 29; 1992 c 511 art 2 s 22; 1996 c 471 art 3 s 21; 1998 c 397
art 11 s 3; 1Sp2001 c 5 art 3 s 53