Subdivision 1. 1971 adjustment. The rate of property taxation by any political subdivision or other public corporation for any purpose for which any law or charter now provides a maximum tax rate expressed in mills times the assessed value or times the full and true value of taxable property (except any adjusted assessed values determined by the commissioner under section 124.2131) shall not exceed 33-1/3 percent of such maximum tax rate until and unless such law or charter is amended to provide a different maximum tax rate.
Subd. 2. [Repealed, 1988 c 719 art 5 s 81]
Subd. 3. 1988 adjustment. School district levy limitations or authorities expressed in terms of mills and adjusted assessed value in any special law that is not codified in Minnesota Statutes shall be converted by the Department of Education to equalized gross local tax rates for taxes payable in 1989 and 1990 and to equalized net local tax rates for taxes payable in 1991 and thereafter. For purposes of this calculation, the 1987 adjusted assessed values of the district shall be converted to "adjusted gross tax capacities" by multiplying the equalized market values by class of property by the gross classification rates provided in section 273.13. Each county assessor and the city assessors of Minneapolis, Duluth, and St. Cloud shall furnish the commissioner of revenue the 1987 market value for taxes payable in 1988 for any new classes of property established in Laws 1988, chapter 719, article 5. The commissioner shall use those values, and estimate values where needed, in developing the 1987 tax capacity for each school district under this section. The requirements of section 124.2131, subdivisions 1, paragraph (c), 2, and 3, shall remain in effect.
1971 c 427 s 24; 1987 c 268 art 6 s 9; art 7 s 33; 1988 c 719 art 5 s 7; 1989 c 277 art 4 s 20; 1989 c 329 art 13 s 7; 1Sp1989 c 1 art 2 s 11; 1Sp1995 c 3 art 16 s 13; 2003 c 130 s 12; 2014 c 308 art 10 s 12
Structure Minnesota Statutes
Chapters 272 - 289 — Property Taxes
Chapter 273 — Taxes; Listing, Assessment
Section 273.01 — Listing And Assessment, Time.
Section 273.02 — Omitted Property.
Section 273.03 — Real Estate; Assessment; Method.
Section 273.032 — Market Value Definition.
Section 273.05 — Assessors; Appointment, Term, And Oath.
Section 273.051 — City Assessors, Term.
Section 273.052 — Appointment; Application.
Section 273.053 — Assessment; Expenses.
Section 273.0535 — County Or Local Assessing District To Assume Cost Of Training.
Section 273.054 — Duties And Powers Of Assessor.
Section 273.055 — Resolution To Appoint Assessor; Termination Of Local Assessor's Office.
Section 273.056 — Revocation Of County Assessor's Election; Local Assessors.
Section 273.06 — Deputy Assessors.
Section 273.061 — Establishment Of Office For Each County.
Section 273.062 — Valuation And Assessment Of Personal Property.
Section 273.063 — Application; Limitations.
Section 273.064 — Examination Of Local Assessor's Work; Completion Of Assessments.
Section 273.0645 — Commissioner Review Of Assessment Practices.
Section 273.065 — Delivery Of Assessment Appraisal Records; Extensions.
Section 273.072 — Agreements For Joint Assessment.
Section 273.0755 — Training And Education Of Property Tax Personnel.
Section 273.08 — Assessor's Duties.
Section 273.10 — School Districts.
Section 273.105 — Internal Revenue Code.
Section 273.11 — Valuation Of Property.
Section 273.1101 — Valuation, Terminology In Statutes, Laws Or Charters.
Section 273.1102 — Rate Of Tax, Terminology Of Laws Or Charters.
Section 273.1104 — Iron Ore, Value.
Section 273.1108 — Annual Report On Agricultural Valuation And Classification.
Section 273.111 — Agricultural Property Tax.
Section 273.1115 — Aggregate Resource Preservation Property Tax Law.
Section 273.112 — Private Outdoor Recreational, Open Space And Park Land Tax.
Section 273.113 — Tax Credit For Property In Proposed Bovine Tuberculosis Modified Accredited Zone.
Section 273.114 — Rural Preserve Property Tax Program.
Section 273.117 — Conservation Property Tax Valuation.
Section 273.118 — Tax Paid In Recognition Of Congressional Medal Of Honor.
Section 273.119 — Conservation Tax Credit.
Section 273.12 — Assessment Of Real Property.
Section 273.121 — Valuation Of Real Property, Notice.
Section 273.1231 — Tax Relief For Destroyed Property; Definitions.
Section 273.1232 — Tax Relief For Destroyed Property; General Provisions.
Section 273.1233 — Tax Relief For Destroyed Property; Local Option Disaster Abatement.
Section 273.1234 — Tax Relief For Destroyed Property; Homestead And Disaster Credits.
Section 273.1235 — Tax Relief For Destroyed Property; Local Option Disaster Credits.
Section 273.124 — Homestead Determination; Special Rules.
Section 273.1245 — Classification Of Data.
Section 273.125 — Assessment Of Manufactured Homes.
Section 273.128 — Certification Of Low-income Rental Property.
Section 273.13 — Classification Of Property.
Section 273.1315 — Certification Of Class 1b Property.
Section 273.1319 — Single Family Housing; Noncompliance; Minneapolis And St. Paul.
Section 273.1321 — Vacant Commercial Industrial Properties.
Section 273.1325 — Adjustment Of Net Tax Capacity.
Section 273.134 — Taconite And Iron Ore Areas; Tax Relief Area; Definitions.
Section 273.1341 — Taconite Assistance Area.
Section 273.1342 — Electric Generating Plants In Taconite Tax Relief Areas.
Section 273.135 — Homestead Property Tax Relief.
Section 273.136 — Taconite Property Tax Relief Account; Replacement Of Revenue.
Section 273.1384 — Agricultural Homestead Market Value Credit.
Section 273.1387 — School Building Bond Agricultural Credit.
Section 273.1391 — Supplementary Homestead Property Tax Relief.
Section 273.1392 — Payment; School Districts.
Section 273.1393 — Computation Of Net Property Taxes.
Section 273.1398 — Disparity Reduction Aid And Credit.
Section 273.16 — Determination Of Classification.
Section 273.165 — Taxation Of Separate Mineral Interests And Unmined Iron Ore.
Section 273.1651 — Taxation And Forfeiture Of Stockpiled Metallic Minerals Material.
Section 273.17 — Assessment Of Real Property.
Section 273.18 — Listing, Valuation, And Assessment Of Exempt Property By County Auditors.
Section 273.19 — Lessees And Equitable Owners.
Section 273.20 — Assessor May Enter Dwellings, Buildings, Or Structures.
Section 273.21 — Neglect By Auditor Or Assessor; Penalty.
Section 273.25 — Lists To Be Verified.
Section 273.26 — Personal Property; Where Listed.
Section 273.32 — Elevators And Warehouses On Railroad.
Section 273.33 — Express, Stage And Transportation Companies; Pipelines.
Section 273.35 — Gas And Water Companies.
Section 273.36 — Electric Light And Power Companies.
Section 273.37 — Companies Supplying Electric Power.
Section 273.371 — Reports Of Utility Companies.
Section 273.3711 — Recommended And Ordered Values.
Section 273.372 — Proceedings And Appeals; Utility Or Railroad Valuations.
Section 273.38 — Percentage Of Assessments; Exceptions.
Section 273.40 — Annual Tax On Cooperative Associations.
Section 273.41 — Amount Of Tax; Distribution.
Section 273.42 — Rate Of Tax; Entry And Certification; Credit On Payment; Property Tax Credit.
Section 273.425 — Adjustment Of Levy.
Section 273.43 — Personal Property Of Certain Companies, Where Listed.
Section 273.46 — Assignees And Receivers.
Section 273.47 — Property Moved Between January And March.
Section 273.48 — Where Listed In Case Of Doubt.
Section 273.50 — Lists May Be Destroyed.
Section 273.51 — [Impliedly repealed, see Bemis Bro Bag Co v Wallace 197 Minn 216, 266 NW 690]
Section 273.65 — Failure To List; Examination Under Oath; Duties Of Assessor.
Section 273.66 — Owner Absent Or Sick.
Section 273.67 — Procedure When Owner Does Not List Or Is Not Sworn.