273.1231 TAX RELIEF FOR DESTROYED PROPERTY; DEFINITIONS.
Subdivision 1. Applicability.
For purposes of sections
, the following
words, terms, and phrases have the meanings given them in this section unless the language or
context clearly indicates that a different meaning is intended.
Subd. 2. Disaster or emergency.
"Disaster or emergency" means:
(1) a major disaster as determined by the president of the United States;
(2) a natural disaster as determined by the secretary of agriculture;
(3) a disaster as determined by the administrator of the Small Business Administration; or
(4) a tornado, storm, flood, earthquake, landslide, explosion, fire, or similar catastrophe, as a
result of which a local emergency is declared pursuant to section
Subd. 3. Disaster or emergency area.
(a) "Disaster or emergency area" means a geographic
area for which:
(1)(i) the president of the United States, the secretary of agriculture, or the administrator of
the Small Business Administration has determined that a disaster exists pursuant to federal law, or
(ii) a local emergency has been declared pursuant to section
(2) an application by the local unit of government requesting property tax relief under this
section has been received by the governor and approved by the executive council.
(b) The executive council must not approve an application unless:
(1) a completed disaster survey is included; and
(2) within the boundaries of the applicant, (i) the average damage for the buildings that are
damaged is at least $5,000, and (ii) either at least 25 taxable buildings were damaged, or the total
dollar amount of damage to all taxable buildings equals or exceeds one percent of the total taxable
market value of buildings for the applicant as reported to the commissioner of revenue under
270C.89, subdivision 2
, for the assessment in the year prior to the year of the damage.
Subd. 4. Homestead property.
"Homestead property" means a homestead dwelling that is
classified as class 1a, 1b, 1c, or 2a property or a manufactured home or sectional home used as a
homestead and taxed pursuant to section
273.125, subdivision 8
, paragraph (b), (c), or (d).
Subd. 5. Nonhomestead property.
"Nonhomestead property" means any class of taxable
real or personal property except homestead property and property that is required by law to be
appraised for property tax purposes by the commissioner of revenue.
Subd. 6. Net tax.
"Net tax" means the market value and net tax capacity taxes imposed
on real and personal property under section
, including the levy under section
after the subtractions listed in section
, clauses (2) to (9). Net tax excludes special
assessments regardless of how computed.
Subd. 7. Reassessed market value.
"Reassessed market value" means the taxable market
value of the property established for the January 2 assessment in the year that the disaster or
destruction occurs, as adjusted by the county assessor or the commissioner of revenue to reflect
the loss in market value caused by the damage. As soon as practical, the assessor or commissioner
shall report the reassessed value to the county auditor.
History: 1Sp2007 c 2 art 3 s 6