2001 Minnesota Statutes

     275.011 Mill rate levy limitations; conversion from 
  mills to dollars. 

    Subdivision 1.    Determination of levy limit.  The 
 property tax levied for any purpose under a special law that is 
 not codified in Minnesota Statutes or a city charter provision 
 and that is subject to a mill rate limitation imposed by the 
 special law or city charter provision, excluding levies subject 
 to mill rate limitations that use adjusted assessed values 
 determined by the commissioner of revenue under section 
 124.2131, must not exceed the following amount for the years 
 specified: 

    (a) for taxes payable in 1988, the product of the 
 applicable mill rate limitation imposed by special law or city 
 charter provision multiplied by the total assessed valuation of 
 all taxable property subject to the tax as adjusted by the 
 provisions of Minnesota Statutes 1986, sections 272.64; 273.13, 
 subdivision 7a; and 275.49; 

    (b) for taxes payable in 1989, the product of (1) the 
 property tax levy limitation for the taxes payable year 1988 
 determined under clause (a) multiplied by (2) an index for 
 market valuation changes equal to the assessment year 1988 total 
 market valuation of all taxable property subject to the tax 
 divided by the assessment year 1987 total market valuation of 
 all taxable property subject to the tax; and 

    (c) for taxes payable in 1990 and subsequent years, the 
 product of (1) the property tax levy limitation for the previous 
 year determined pursuant to this subdivision multiplied by (2) 
 an index for market valuation changes equal to the total market 
 valuation of all taxable property subject to the tax for the 
 current assessment year divided by the total market valuation of 
 all taxable property subject to the tax for the previous 
 assessment year. 

    For the purpose of determining the property tax levy 
 limitation for the taxes payable year 1988 and subsequent years 
 under this subdivision, "total market valuation" means the total 
 market valuation of all taxable property subject to the tax 
 without valuation adjustments for fiscal disparities (chapters 
 276A and 473F), tax increment financing (sections 469.174 to 
 469.179), or powerline credit (section 273.425). 

    Subd. 2.    Construction of mill rate levy limit.  A 
 mill rate levy limitation imposed by a special law or city 
 charter provision that is presently in effect, excluding those 
 mill rate levy limitations that use adjusted assessed values 
 determined by the commissioner of revenue under section 
 124.2131, shall be construed to allow no more and no less 
 property taxes than the amount determined under this section. 

    Subd. 3.    County capital improvement mill limits.  For 
 purposes of determining the mill rate limits applicable to 
 county capital improvement programs under section 373.40, the 
 mill rate limit applicable to the county must be divided by 0.45 
 and multiplied by the county's assessed value for taxes payable 
 in 1988.  The resulting dollar amount must be used in 
 determining the limitation under the procedures provided by this 
 section.  

    HIST: 1988 c 719 art 5 s 36; 1989 c 277 art 4 s 21,22; 1989 c 
 329 art 13 s 8; 1997 c 31 art 3 s 8; 1998 c 254 art 1 s 78