1998 Minnesota Statutes

     287.09 Mortgage on exempt property; property not 
  directly taxed; receipt; apportionment of tax. 

    When real estate described in a mortgage is exempt from 
 taxation under the Constitution of the state of Minnesota, 
 article X, section 1, the mortgage registry tax shall be paid to 
 the treasurer of the county in which the real estate is located 
 in the same manner as if the real estate were not exempt from 
 taxation.  When any real estate described in a mortgage is not 
 exempt from taxation under that section, but is not taxed by 
 direct tax upon the net tax capacity thereof, the mortgage 
 registry tax shall be paid to the county; this sentence does not 
 apply to real estate taxed under sections 298.23 to 298.28. 

    HIST: (2327) 1907 c 328 s 6; 1929 c 30; 1957 c 167 s 2; 1957 c 
 364 s 1; 1969 c 399 s 1; 1973 c 582 s 3; 1976 c 2 s 172; 1Sp1985 
 c 14 art 11 s 3; 1987 c 268 art 9 s 10; 1988 c 719 art 5 s 84; 
 1989 c 329 art 13 s 20