2007 Minnesota Statutes

273.1106 REPORT TO LEGISLATURE; LIMITED MARKET VALUE; VALUATION
EXCLUSION.
By March 1 of each year, the commissioner of revenue shall make a report to the legislature
on the use of limited market value under section 273.11, subdivision 1a, and the valuation
exclusion under section 273.11, subdivision 16. For the limited market value provision, the report
shall include the total value excluded from taxation by type of property for each city and town.
For the valuation exclusion provision, the report shall include the total market value excluded
from taxation for each city and town, as well as a breakdown of the excluded improvement
amounts by age and value of the property being improved and the amount of the qualifying
improvement. The county assessors shall provide the information necessary for the commissioner
to compile the report in a manner prescribed by the commissioner.
History: 1993 c 375 art 5 s 42; 2002 c 377 art 10 s 30; 2003 c 2 art 1 s 30