Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
270.93 TAX BASE; CONTAMINATION VALUE.
The contamination value of a parcel of property is the amount of the market value reduction,
if any, that is granted for general ad valorem property tax purposes for the assessment year
because of the presence of contaminants. The contamination value for a property may be no
greater than the estimated cost of implementing a reasonable response action plan or asbestos
abatement plan or management program for the property. These reductions in market value
include those granted by a court, by a board of review, by the assessor upon petition or request of
a property owner, or by the assessor. Reductions granted by the assessor are included only if the
assessor reduced the property's market value for the presence of contaminants using an appraisal
method or methods that are specifically designed or intended to adjust for the valuation effects of
the presence of contaminants. The contamination value for a parcel with a reduction in value of
less than $10,000 is zero.
History: 1993 c 375 art 12 s 3
The contamination value of a parcel of property is the amount of the market value reduction,
if any, that is granted for general ad valorem property tax purposes for the assessment year
because of the presence of contaminants. The contamination value for a property may be no
greater than the estimated cost of implementing a reasonable response action plan or asbestos
abatement plan or management program for the property. These reductions in market value
include those granted by a court, by a board of review, by the assessor upon petition or request of
a property owner, or by the assessor. Reductions granted by the assessor are included only if the
assessor reduced the property's market value for the presence of contaminants using an appraisal
method or methods that are specifically designed or intended to adjust for the valuation effects of
the presence of contaminants. The contamination value for a parcel with a reduction in value of
less than $10,000 is zero.
History: 1993 c 375 art 12 s 3
Official Publication of the State of Minnesota
Revisor of Statutes