2001 Minnesota Statutes

     273.032 Market value definition. 

    For the purpose of determining any property tax levy 
 limitation based on market value, any net debt limit based on 
 market value, any limit on 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," "taxable market value," and "market valuation," whether 
 equalized or unequalized, mean the total taxable market value of 
 property within the local unit of government before any 
 adjustments for tax increment, fiscal disparity, powerline 
 credit, or wind energy values, but after the limited market 
 adjustments under section 273.11, subdivision 1a, and after the 
 market value exclusions of certain improvements to homestead 
 property under section 273.11, subdivision 16.  Unless otherwise 
 provided, "market value," "taxable market value," and "market 
 valuation" refer to the taxable market value for the previous 
 assessment year. 

    HIST: 1994 c 416 art 1 s 12; 1997 c 31 art 3 s 3