Chapter 273 — Listing and Assessment, Time

273.01 Listing and Assessment, Time All taxable property must be listed and valued as of January 2 each year, with each parcel reappraised at least every … 273.011 Repealed section formerly part of property tax assessment law. 273.012 Repealed section formerly part of property tax assessment law. 273.015 Repealed section on property tax assessment provisions. 273.02 Omitted Property If property was missed or undervalued in past tax years, the county can go back and collect the taxes that should have … 273.03 Real Estate; Assessment; Method The county auditor must prepare assessment books listing all taxable land, and deliver them to assessors by the first … 273.032 Market Value Definition Defines how 'market value' is calculated for property tax limits, debt caps, and state aid programs. 273.04 Repealed section of property tax law. 273.05 Assessors; Appointment, Term, and Oath Town and city assessors are appointed based on their knowledge of property taxation. They serve indefinite terms but can … 273.051 City Assessors, Term Sets terms for elected and appointed city assessors and how their terms end when a county takes over assessing. 273.052 Appointment; Application Any Minnesota county can choose to have the county assessor handle all property tax assessments in the county. 273.053 Assessment; Expenses Counties that choose county-wide assessment can spend money to hire experts, deputies, and workers to get a fair … 273.0535 County or Local Assessing District to Assume Cost of Training Counties and local assessing districts must pay for their assessors' training costs, including fees, travel, meals, and … 273.054 Duties and Powers of Assessor A county assessor in an electing county has all standard assessor powers except those changed by the county assessor … 273.055 Resolution to Appoint Assessor; Termination of Local Assessor's Office When a county votes to have the county assessor handle all assessments, local assessor offices end 90 days before the … 273.056 Revocation of County Assessor's Election; Local Assessors A county can undo its choice to use a county assessor after at least four years, bringing back local assessors. 273.06 Deputy Assessors An assessor can appoint a qualified citizen as a deputy to help finish listing and valuing property on time. 273.061 Establishment of Office for Each County Every county must have a county assessor appointed by the county board and approved by the commissioner of revenue. 273.062 Valuation and Assessment of Personal Property The county or city assessor values and assesses all personal property, creating a list of owners and their property … 273.063 Application; Limitations Sets which counties these assessment laws apply to, with special rules for cities with populations over 30,000. 273.064 Examination of Local Assessor's Work; Completion of Assessments The county assessor checks local assessors' work and can take over if problems are not fixed within 30 days. 273.0645 Commissioner Review of Assessment Practices Property owners can request the state review local assessment practices if enough voters sign a written request. 273.065 Delivery of Assessment Appraisal Records; Extensions Local assessment districts must finish their appraisal records by February 1 and send them to the county assessor. 273.07 Repealed section of property tax law. 273.071 Repealed section of property tax law. 273.072 Agreements for Joint Assessment Counties, cities, and towns can make agreements to share assessment services or jointly employ an assessor. 273.075 Repealed section on property tax assessment. 273.0755 Training and Education of Property Tax Personnel Licensed assessors must complete 30 hours of training every four years, including ethics and standardized practices. 273.08 Assessor's Duties The assessor must view each property in person at least every five years and determine its market value. 273.09 Repealed or reserved section of property tax law. 273.10 School Districts When assessing personal property, the county assessor must note which school district each person belongs to. 273.105 Internal Revenue Code For this chapter, 'Internal Revenue Code' means the same as defined in the state tax administration chapter. 273.11 Valuation of Property All property must be valued at market value. The assessor must consider location, improvements, and environmental … 273.1101 Valuation, Terminology in Statutes, Laws or Charters All references to 'true and full' value in old laws now mean current market value as determined by assessment. 273.1102 Rate of Tax, Terminology of Laws or Charters After the 1971 assessment changes, maximum tax rates in old laws were reduced to one-third of their former levels. 273.1103 Repealed section of property tax law. 273.1104 Iron Ore, Value The value of iron ore for tax purposes is based on the present value of future income, as determined by the … 273.1105 Repealed section of property tax law. 273.1106 Repealed section of property tax law. 273.1108 Annual Report on Agricultural Valuation and Classification The commissioner of revenue must report yearly on agricultural property values, green acres methods, and assessment … 273.111 Agricultural Property Tax The Minnesota Agricultural Property Tax Law gives farmland special tax treatment based on its agricultural use value. 273.1115 Aggregate Resource Preservation Property Tax Law Sets special property tax rules for land with commercial aggregate (gravel/sand) deposits to help preserve these … 273.112 Private Outdoor Recreational, Open Space and Park Land Tax The Minnesota Open Space Property Tax Law allows private recreational and open space land to be taxed at a lower rate. 273.113 Tax Credit for Property in Proposed Bovine Tuberculosis Modified Accredited Zone Provides a property tax credit for land in a bovine tuberculosis modified accredited zone to help affected farmers. 273.114 Rural Preserve Property Tax Program The Rural Preserve Property Tax Program offers tax benefits for rural land that meets preservation requirements. 273.115 Repealed section of property tax law. 273.116 Repealed section of property tax law. 273.117 Conservation Property Tax Valuation Land under a conservation easement cannot have its tax value reduced just because of the easement, with some exceptions. 273.118 Tax Paid in Recognition of Congressional Medal of Honor Medal of Honor recipients who own homestead property can have their property taxes paid by the state. 273.119 Conservation Tax Credit Land in an agricultural preserve gets a $1.50 per acre property tax credit, applied against the tax due. 273.1195 Repealed section of property tax law. 273.12 Assessment of Real Property Assessors must consider all factors affecting land value, including roads, comparable properties, and mineral deposits. 273.121 Valuation of Real Property, Notice The assessor must mail written notice of your property's value and classification at least 10 days before the board of … 273.122 Repealed section of property tax law. 273.123 Repealed section of property tax law. 273.1231 Tax Relief for Destroyed Property; Definitions Defines key terms used in the tax relief program for property damaged by disasters or emergencies. 273.1232 Tax Relief for Destroyed Property; General Provisions After a disaster, the county assessor must reassess all damaged property so taxes can be adjusted. 273.1233 Tax Relief for Destroyed Property; Local Option Disaster Abatement Counties can grant property tax reductions for homes and businesses damaged in a disaster area. 273.1234 Tax Relief for Destroyed Property; Homestead and Disaster Credits Homestead properties in disaster areas get a tax credit the year after the damage, based on the drop in market value. 273.1235 Tax Relief for Destroyed Property; Local Option Disaster Credits Counties can provide additional tax credits for homestead and nonhomestead property damaged in disasters. 273.124 Homestead Determination; Special Rules Sets the rules for qualifying property as a homestead, including residency, ownership, and special situations. 273.1245 Classification of Data Social Security numbers and other personal data submitted for homestead claims are private under data practices law. 273.125 Assessment of Manufactured Homes Manufactured homes are assessed yearly based on their value on January 2, with notice sent before the board of review. 273.126 Repealed section of property tax law. 273.127 Repealed section of property tax law. 273.128 Certification of Low-income Rental Property Low-income rental housing can get special valuation if at least 20% of units serve low-income tenants. 273.13 Classification of Property Classifies all taxable real and personal property into categories that determine the tax rate applied. 273.131 Repealed section of property tax law. 273.1311 Repealed section of property tax law. 273.1312 Repealed section of property tax law. 273.1313 Repealed section of property tax law. 273.1314 Repealed section of property tax law. 273.1315 Certification of Class 1b Property Sets the process for homeowners to apply for 1b homestead classification for property occupied by a disabled person. 273.1316 Repealed section of property tax law. 273.1317 Repealed section of property tax law. 273.1318 Repealed section of property tax law. 273.1319 Single Family Housing; Noncompliance; Minneapolis and St. Paul In Minneapolis and St. Paul, rental properties that fail housing code inspections lose their lower 4bb tax … 273.132 Repealed section of property tax law. 273.1321 Vacant Commercial Industrial Properties Cities can revoke property tax credits for commercial-industrial properties that have been vacant for three or more … 273.1325 Adjustment of Net Tax Capacity The Department of Revenue conducts annual sales ratio studies to equalize property tax values across all taxing … 273.133 Repealed section formerly related to property tax provisions. 273.134 Taconite and Iron Ore Areas; Tax Relief Area; Definitions Defines the taconite and iron ore 'tax relief area' based on historic mining activity in municipalities. 273.1341 Taconite Assistance Area Defines 'taconite assistance area' as school districts containing municipalities with significant iron mining history. 273.1342 Electric Generating Plants in Taconite Tax Relief Areas Electric generating plants in taconite areas keep their special status even after property tax exemption changes in … 273.135 Homestead Property Tax Relief Homestead property in taconite tax relief areas gets a reduction in property taxes, regardless of market value. 273.136 Taconite Property Tax Relief Account; Replacement of Revenue The county replaces revenue lost from taconite homestead tax reductions using the taconite property tax relief account. 273.137 Repealed section of property tax law. 273.138 Repealed section formerly related to property tax provisions. 273.1381 Repealed section of property tax law. 273.1382 Repealed section of property tax law. 273.1383 Repealed section of property tax law. 273.1384 Agricultural Homestead Market Value Credit The agricultural homestead market value credit program, with some subdivisions repealed. 273.1385 Aid for Public Employees Retirement Association Employer Contribution Rate Increase Provides state aid to cities, counties, and towns to offset increased Public Employees Retirement Association employer … 273.1386 Repealed section of property tax law. 273.1387 School Building Bond Agricultural Credit Agricultural property gets a credit on school building bond taxes, excluding the house and first acre of a farm … 273.139 Repealed section of property tax law. 273.1391 Supplementary Homestead Property Tax Relief Provides additional homestead property tax reductions for certain areas beyond the standard taconite tax relief. 273.1392 Payment; School Districts Various property tax credits for school districts are certified by the Department of Revenue to the Department of … 273.1393 Computation of Net Property Taxes Lists the order in which property tax credits are subtracted from gross tax to calculate your net property tax. 273.1394 Repealed section of property tax law. 273.1395 Repealed section of property tax law. 273.1396 Repealed section of property tax law. 273.1397 Repealed section of property tax law. 273.1398 Disparity Reduction Aid and Credit The disparity reduction aid and credit program helps equalize property tax burdens across different taxing areas. 273.1399 Repealed section of property tax law. 273.14 Definitions Defines key terms used in sections 273.14 through 273.16 about iron ore classification and taxation. 273.15 Repealed section of property tax law. 273.16 Determination of Classification Sets the process for classifying iron-bearing formations when ore recovery is below 50%, using expert review. 273.165 Taxation of Separate Mineral Interests and Unmined Iron Ore Mineral interests owned separately from the land surface are taxed at 40 cents per acre, with a $3.20 minimum. 273.1651 Taxation and Forfeiture of Stockpiled Metallic Minerals Material Sets rules for taxing stockpiled mining materials like overburden, rock, and tailings from iron ore and taconite mining. 273.166 Repealed section of property tax law. 273.17 Assessment of Real Property Assessors must note new buildings, changes in homestead status, and classification changes on the tax records each year. 273.18 Listing, Valuation, and Assessment of Exempt Property by County Auditors Every sixth year after 2010, the county must list and value all tax-exempt property, including state natural resource … 273.19 Lessees and Equitable Owners Tax-exempt property that is leased for at least one year is taxed as if the lessee owns it. 273.20 Assessor May Enter Dwellings, Buildings, or Structures Assessors can enter buildings and access land to inspect property. Owners can refuse, but the assessor can then estimate … 273.21 Neglect by Auditor or Assessor; Penalty Auditors and assessors who refuse to do their duty or help someone avoid taxes face fines of $200 to $1,000. 273.22 Repealed section of property tax law. 273.23 Repealed section of property tax law. 273.24 Repealed section of property tax law. 273.25 Lists to Be Verified Every person with taxable personal property must give the assessor a sworn, written list of that property. 273.26 Personal Property; Where Listed Personal property is generally listed and taxed where the owner, agent, or trustee lives. 273.27 Repealed section of property tax law. 273.28 Repealed section of property tax law. 273.29 Repealed section of property tax law. 273.30 Repealed section of property tax law. 273.31 Repealed section of property tax law. 273.32 Elevators and Warehouses on Railroad Elevators and warehouses on railroad land that are not owned by the railroad are taxed as personal property where … 273.33 Express, Stage and Transportation Companies; Pipelines Personal property of express, stage, transportation, and pipeline companies is taxed where it is usually kept. 273.34 Repealed section of property tax law. 273.35 Gas and Water Companies Gas and water company personal property is taxed where it is located, not where the company headquarters is. 273.36 Electric Light and Power Companies Electric company personal property in cities is taxed where located. High-voltage transmission lines are taxed where … 273.37 Companies Supplying Electric Power Electric company personal property outside cities is listed and assessed in the district where it is located. 273.371 Reports of Utility Companies Electric, gas, water, pipeline, and other utility companies must file annual reports with the commissioner by March 31. 273.3711 Recommended and Ordered Values The commissioner of revenue provides recommended or ordered values for utility property, with deadlines for corrections. 273.372 Proceedings and Appeals; Utility or Railroad Valuations Appeals of utility or railroad property valuations set by the commissioner must be brought against the commissioner, not … 273.38 Percentage of Assessments; Exceptions Cooperative electric association distribution systems are taxed under special rules in sections 273.40 and 273.41. 273.39 Rural Area 'Rural area' means any part of the state not inside a city, including both farm and non-farm populations. 273.40 Annual Tax on Cooperative Associations Rural electric cooperatives are recognized as quasi-public and get special tax treatment, except for property inside … 273.41 Amount of Tax; Distribution Rural electric cooperatives pay a tax of $10 per 100 members instead of personal property taxes on rural distribution … 273.42 Rate of Tax; Entry and Certification; Credit on Payment; Property Tax Credit Transmission lines under 69kv are taxed at the county average rate, with revenue split between county and school funds. 273.425 Adjustment of Levy The county auditor adjusts tax levies to fund transmission line property tax credits by excluding 10% of transmission … 273.43 Personal Property of Certain Companies, Where Listed Personal property of street railroad, bridge, and similar companies is listed and assessed where the property is … 273.44 Repealed section of property tax law. 273.45 Repealed section of property tax law. 273.46 Assignees and Receivers Personal property held by an assignee or receiver is still taxed in the same place as before the assignment. 273.47 Property Moved Between January and March If you move between counties between January 2 and March 1, you are taxed where the assessor first contacts you. 273.48 Where Listed in Case of Doubt When there is doubt about where personal property should be listed, the county board or commissioner of revenue decides. 273.49 Repealed section of property tax law. 273.50 Lists May Be Destroyed The county auditor can destroy personal property tax lists after six years, unless a collection case is still open. 273.51 Repealed or reserved section of property tax law. 273.52 Repealed section of property tax law. 273.53 Repealed section of property tax law. 273.54 Repealed section of property tax law. 273.55 Repealed section of property tax law. 273.56 Repealed section of property tax law. 273.57 Repealed section of property tax law. 273.58 Repealed section of property tax law. 273.59 Repealed section of property tax law. 273.60 Repealed section of property tax law. 273.61 Repealed section of property tax law. 273.62 Repealed section of property tax law. 273.63 Repealed section of property tax law. 273.64 Repealed section of property tax law. 273.65 Failure to List; Examination Under Oath; Duties of Assessor If a person does not give a full property list, the assessor can put them under oath or estimate the property's value. 273.66 Owner Absent or Sick If the owner is absent or sick, the assessor leaves a written notice to submit a property list by a set date. 273.67 Procedure When Owner Does Not List or is Not Sworn When a property owner refuses to list property or take an oath, the assessor notes it and can question others about the … 273.68 Failure to Obtain List If the assessor cannot get a property list, they estimate the value and can give the owner a copy of the assessment. 273.69 Repealed section of property tax law. 273.70 Repealed section of property tax law. 273.71 Repealed section of property tax law. 273.72 Repealed section of property tax law. 273.73 Repealed section of property tax law. 273.74 Repealed section of property tax law. 273.75 Repealed section of property tax law. 273.76 Repealed section of property tax law. 273.77 Repealed section of property tax law. 273.78 Repealed section of property tax law. 273.80 Repealed section of property tax law. 273.86 Repealed section of property tax law. 273.88 Equalization of Public Utility Structures The commissioner of revenue equalizes the assessed values of public utility structures across counties to ensure …