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SF 2805

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/14/2023 07:47am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

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A bill for an act
 relating to taxation; property; allowing valuation reductions for conservation
easements; amending Minnesota Statutes 2022, section 273.117.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 273.117, is amended to read:


273.117 CONSERVATION PROPERTY TAX VALUATION.

The value of real property which is subject to a conservation restriction or easement
shall not be reduced by the assessor if:

(a) the restriction or easement is for a conservation purpose and is recorded on the
property; and

(b) the property is being used in accordance with the terms of the conservation restriction
or easement.

This section does not apply tonew text begin :
new text end

(1) conservation restrictions or easements covering riparian buffers along lakes, rivers,
and streams that are used for water quantity or quality control;

(2) easements in a county that has adopted, by referendum, a program to protect farmland
and natural areas since 1999;

new text begin (3) conservation restrictions or easements in metropolitan counties;
 new text end

new text begin (4) conservation restrictions or easements in nonmetropolitan counties which have, by
resolution, authorized the assessor to consider the impact of conservation restrictions or
easements on the property's value; new text end or

deleted text begin (3)deleted text end new text begin (5)new text end conservation restrictions or easements entered into prior to May 23, 2013.