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273.18 LISTING, VALUATION, AND ASSESSMENT OF EXEMPT PROPERTY BY
COUNTY AUDITORS.
(a) In every sixth year after the year 1926, the county auditor shall enter, in a separate place
in the real estate assessment books, the description of each tract of real property exempt by law
from taxation, with the name of the owner, if known, and the assessor shall value and assess the
same in the same manner that other real property is valued and assessed, and shall designate in
each case the purpose for which the property is used.
(b) For purposes of the apportionment of fire state aid under section 69.021, subdivision 7,
the county auditor shall include on the abstract of assessment of exempt real property filed under
this section, the total number of acres of all natural resources lands for which in lieu payments are
made under sections 477A.11 to 477A.14. The assessor shall estimate its market value, provided
that if the assessor is not able to estimate the market value of the land on a per parcel basis, the
assessor shall furnish the commissioner of revenue with an estimate of the average value per
acre of this land within the county.
History: (1995) RL s 812; 1925 c 211 s 1; 1997 c 231 art 2 s 22