1997 Minnesota Statutes

     275.61 Voter approved levy; market value. 

    For local governmental subdivisions other than school 
 districts, any levy, including the issuance of debt obligations 
 payable in whole or in part from property taxes, required to be 
 approved and approved by the voters at a general or special 
 election for taxes payable in 1993 and thereafter, shall be 
 levied against the referendum market value of all taxable 
 property within the governmental subdivision, as defined in 
 section 124A.02, subdivision 3b.  Any levy amount subject to the 
 requirements of this section shall be certified separately to 
 the county auditor under section 275.07. 

    The ballot shall state the maximum amount of the increased 
 levy as a percentage of market value and the amount that will be 
 raised by the new referendum tax rate in the first year it is to 
 be levied. 

    HIST: 1991 c 291 art 1 s 29; 1992 c 511 art 2 s 22; 1996 c 471 
 art 3 s 21 

*   NOTE:  This section, as added by Laws 1991, chapter 291, 
*article 1, section 29, is effective for referenda for taxes 
*payable in 1993 and thereafter, except that any city or county 
*that conducted a referendum prior to May 1, 1992, and had 
*publicly advertised to its property owners using levy amounts 
*that, if adopted, reflect net tax capacity, is exempt from this 
*provision with regards to that referendum.  If the city or 
*county intends to levy the tax on net tax capacity under this 
*section, it must certify to the commissioner of revenue the 
*information necessary for the commissioner to determine that the 
*requirements of this exception have been met.  Laws 1991, 
*chapter 291, article 1, section 65, as amended by Laws 1992, 
*chapter 511, article 2, section 59.