Subdivision 1. Payments; taxes. A person repurchasing under section 282.241 shall pay at the time of repurchase not less than one-tenth of the repurchase price and shall pay the balance in ten equal annual installments, with the privilege of paying the unpaid balance in full at any time, with interest as provided in subdivision 2, the first installment of principal and interest to become due and payable on December 31 of the year following the year in which the repurchase was made, the remaining installments to become due and payable on December 31 of each year thereafter until fully paid. The person shall pay the current taxes each year thereafter before they become delinquent up to the time the repurchase price has been paid in full.
Subd. 2. Interest rate. The unpaid balance on any repurchase contract approved by the county board is subject to interest at the rate determined in section 279.03, subdivision 1a. The interest rate is subject to change each year on the unpaid balance in the manner provided for rate changes in section 279.03, subdivision 1a.
Subd. 3. Alternative treatment of nonhomestead property. A county board of commissioners may by resolution provide that the installment arrangement in subdivision 1 is not applicable to nonhomestead property and that this subdivision applies instead. If the resolution is approved, the minimum downpayment shall be 20 percent of the repurchase price and the balance shall be payable in four equal annual installments. A resolution shall remain in force for at least one year after approval and shall be applied uniformly to all nonhomestead property in the county. "Nonhomestead property" means all property except that which is classified for property tax purposes as homestead property at the time that the repurchase application is approved.
Subd. 4. Service fee. The county auditor may collect a service fee to cover administrative costs as set by the county board for each repurchase application. The fee must be paid at the time of application and must be credited to the county general revenue fund.
Subd. 5. County may impose conditions of repurchase. The county auditor, after receiving county board approval, may impose conditions on repurchase of tax-forfeited lands limiting the use of the parcel subject to the repurchase, including, but not limited to, environmental remediation action plan restrictions or covenants, or easements for lines or equipment for telephone, electric power, or telecommunications.
1945 c 296 s 3; 1980 c 437 s 17; 1982 c 523 art 39 s 9; 1Sp1985 c 14 art 20 s 16; 1986 c 444; 1990 c 480 art 8 s 16; 1999 c 243 art 13 s 16,17; 2014 c 308 art 9 s 54-56
Structure Minnesota Statutes
Chapters 272 - 289 — Property Taxes
Chapter 282 — Tax-forfeited Land Sales
Section 282.01 — Tax-forfeited Lands; Classification, Sale.
Section 282.011 — Classification And Sale.
Section 282.012 — Prior Owner May Purchase; Conditions.
Section 282.014 — Completion Of Sale, Fee, Conveyance Recorded.
Section 282.015 — Proceeds Of Sale.
Section 282.016 — Prohibited Purchasers.
Section 282.017 — Conveyance Of Interests To Governments.
Section 282.018 — Land By Public Waters, Nonforested Marginal Land, Wetlands.
Section 282.019 — Land Subject To Hazardous Substance Or Petroleum Release.
Section 282.0195 — Superfund And Storage Tank Sites; Affidavit, Notice.
Section 282.02 — List Of Lands For Sale; Notice; Online Auctions Permitted.
Section 282.03 — Limitations In Use Of Lands.
Section 282.038 — Veteran's Credit For Agricultural Land.
Section 282.04 — Timber Sales; Land Use, Lease, Partition, Easement.
Section 282.041 — Alternative Recording For County Forest Road.
Section 282.05 — Proceeds Apportioned.
Section 282.06 — Exemption Of Certain Lands.
Section 282.07 — Auditor To Cancel Taxes.
Section 282.08 — Apportionment Of Proceeds To Taxing Districts.
Section 282.09 — Forfeited Tax Sale Fund.
Section 282.12 — All Minerals Reserved.
Section 282.13 — County Land Commissioners; City Land Exchanges.
Section 282.131 — Certain Powers And Duties Delegated.
Section 282.132 — Timber Defined.
Section 282.135 — Delegation By County Board.
Section 282.14 — Classification As Agricultural; Sale Conditions, Generally.
Section 282.15 — Sales Of Forfeited Agricultural Lands.
Section 282.151 — Sale Of Certain Nonconservation Lands.
Section 282.16 — Public Sale As Agricultural Lands; Notice.
Section 282.17 — Cancellation Of Contracts On Default.
Section 282.171 — Contracts, Members Of Armed Forces, Cancellation.
Section 282.18 — County Auditor To Lease Lands.
Section 282.19 — County Collects Payments; Reports; Expenses.
Section 282.20 — Mineral Rights Reserved.
Section 282.21 — Form Of Conveyance.
Section 282.22 — Nonagricultural Lands Reserved For Conservation.
Section 282.221 — Forfeited Agricultural Lands.
Section 282.223 — Taxes Canceled.
Section 282.224 — Form Of Conveyance.
Section 282.225 — Mineral Rights Reserved.
Section 282.226 — County Collects Payments; Reports; Expenses.
Section 282.241 — Repurchase After Forfeiture.
Section 282.251 — Taxes And Assessments Reinstated Upon Repurchase.
Section 282.261 — Terms Of Repurchase.
Section 282.271 — Notice Of Payments Due.
Section 282.281 — Repurchase Subject To Existing Leases.
Section 282.291 — Payments, Where Made.
Section 282.301 — Receipts For Payments; Certification By County Auditor.
Section 282.302 — Conveyance Of Deed Upon Certification.
Section 282.303 — Assignment Of Installment Contract.
Section 282.304 — Recordation Of Deed; Default.
Section 282.321 — Limitations On Land Use.
Section 282.322 — Forfeited Lands List.
Section 282.323 — Capitol Areas.
Section 282.324 — When Right Of Repurchase Vests.
Section 282.33 — Lost Or Destroyed Deeds.
Section 282.341 — Reinstatement Of Tax-forfeited Certificate.
Section 282.36 — Fees Payable By Repurchaser.
Section 282.37 — Lands Bordering Lakes And Streams, Easement To State.
Section 282.38 — Forest Development Funds.
Section 282.40 — Cancellation Of Installment Sale Contracts By State.