HF 3957

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; property; limiting increases in 
  1.3             market value on certain golf courses; county local 
  1.4             option; amending Minnesota Statutes 1999 Supplement, 
  1.5             section 273.11, subdivision 1a. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.8   273.11, subdivision 1a, is amended to read: 
  1.9      Subd. 1a.  [LIMITED MARKET VALUE.] (a) In the case of all 
  1.10  property classified as agricultural homestead or nonhomestead, 
  1.11  residential homestead or nonhomestead, or noncommercial seasonal 
  1.12  recreational residential, the assessor shall compare the value 
  1.13  with that determined in the preceding assessment.  The amount of 
  1.14  the increase entered in the current assessment shall not exceed 
  1.15  the greater of (1) 8.5 percent of the value in the preceding 
  1.16  assessment, or (2) 15 percent of the difference between the 
  1.17  current assessment and the preceding assessment.  This 
  1.18  limitation shall not apply to increases in value due to 
  1.19  improvements.  For purposes of this subdivision, the term 
  1.20  "assessment" means the value prior to any exclusion under 
  1.21  subdivision 16. 
  1.22     The provisions of this subdivision paragraph (a) shall be 
  1.23  in effect only through assessment year 2001. 
  1.24     (b) Upon adoption of a resolution by the county board, in 
  1.25  the case of golf courses classified under section 273.13, 
  2.1   subdivision 25, paragraph (d), clause (2), the assessor shall 
  2.2   compare the value with that determined in the preceding 
  2.3   assessment.  The amount of the increase entered in the current 
  2.4   assessment shall not exceed the greater of (1) 25 percent of the 
  2.5   value in the preceding assessment, or (2) one-third of the 
  2.6   difference between the current assessment and the preceding 
  2.7   assessment.  This limitation does not apply to: 
  2.8      (1) any structures used as a clubhouse, restaurant, or 
  2.9   place of refreshment in conjunction with the golf course; or 
  2.10     (2) additional holes that are added to the golf course. 
  2.11  A county that adopts limited market value under this paragraph 
  2.12  shall notify the commissioner of revenue within 60 days after 
  2.13  its adoption. 
  2.14     The provisions of paragraph (b) are in effect only for 
  2.15  assessment years 2000 through 2004. 
  2.16     (c) For purposes of the assessment/sales ratio study 
  2.17  conducted under section 127A.48, and the computation of state 
  2.18  aids paid under chapters 122A, 123A, 123B, 124D, 125A, 126C, 
  2.19  127A, and 477A, market values and net tax capacities determined 
  2.20  under this subdivision and subdivision 16, shall be used.