Source: https://www.revisor.mn.gov/statutes/?id=273.032
Timestamp: 2014-03-07 14:26:20
Document Index: 260742376

Matched Legal Cases: ['art 14', 'art 1', 'art 9', 'art 3', 'art 1', 'art 3', 'art 9', 'art 1', 'art 14']

273.032, 2013 Minnesota Statutes
Print 2013 StatutesChapter 273Section 032
273.03273.04Pdf2013 Minnesota Statutes	Resources
Chapter 273 Table of Sections
Chapter 273 Text
2013 273.032 Amended 2013 c 143 art 14 s 25
2007 273.032 Amended 2007 c 13 art 1 s 12
2006 273.032 Amended 2006 c 259 art 9 s 5
1997 273.032 Amended 1997 c 31 art 3 s 3
(a) Unless otherwise provided, for the purpose of determining any property tax levy limitation based on market value or any limit on net debt, the issuance of bonds, certificates of indebtedness, or capital notes based on market value, any qualification to receive state aid based on market value, or any state aid amount based on market value, the terms "market value," "estimated market value," and "market valuation," whether equalized or unequalized, mean the estimated market value of taxable property within the local unit of government before any of the following or similar adjustments for:
(iii) section 273.11, subdivisions 19 and 20 (certain improvements to business properties);
(vi) section 273.13, subdivision 34 (homestead of a disabled veteran or family caregiver);
(vii) section 273.13, subdivision 35 (homestead market value exclusion); or
(b) Estimated market value under paragraph (a) also includes the market value of tax-exempt property if the applicable law specifically provides that the limitation, qualification, or aid calculation includes tax-exempt property.
(c) Unless otherwise provided, "market value," "estimated market value," and "market valuation" for purposes of property tax levy limitations and calculation of state aid, refer to the estimated market value for the previous assessment year and for purposes of limits on net debt, the issuance of bonds, certificates of indebtedness, or capital notes refer to the estimated market value as last finally equalized.
(d) For purposes of a provision of a home rule charter or of any special law that is not codified in the statutes and that imposes a levy limitation based on market value or any limit on debt, the issuance of bonds, certificates of indebtedness, or capital notes based on market value, the terms "market value," "taxable market value," and "market valuation," whether equalized or unequalized, mean "estimated market value" as defined in paragraph (a).
History: 1994 c 416 art 1 s 12; 1997 c 31 art 3 s 3; 2006 c 259 art 9 s 5; 2007 c 13 art 1 s 12; 2013 c 143 art 14 s 25