Section 290C.055 — Length Of Covenant.
290C.055 LENGTH OF COVENANT. (a) Claimants enrolling any land that is subject to a conservation easement funded under section 97A.056 or a comparable permanent easement conveyed to a governmental or nonprofit entity must enroll their land under a covenant with a minimum duration of eight years. All other claimants may choose to enroll their land […]
Section 290C.06 — Calculation Of Average Estimated Market Value; Managed Forest Land.
290C.06 CALCULATION OF AVERAGE ESTIMATED MARKET VALUE; MANAGED FOREST LAND. The commissioner shall annually calculate a statewide average estimated market value per acre for class 2c managed forest land under section 273.13, subdivision 23. History: 1Sp2001 c 5 art 8 s 10; 2009 c 88 art 10 s 15
Section 290C.07 — Calculation Of Incentive Payment.
290C.07 CALCULATION OF INCENTIVE PAYMENT. (a) An approved claimant under the sustainable forest incentive program is eligible to receive an annual payment for each acre of enrolled land, excluding any acre improved with a paved trail under easement, lease, or terminable license to the state of Minnesota or a political subdivision. The payment shall equal […]
Section 290C.08 — Annual Incentive Payment; Appropriation.
290C.08 ANNUAL INCENTIVE PAYMENT; APPROPRIATION. Subdivision 1. Annual payment. An incentive payment for each acre of enrolled land will be made annually to each claimant in the amount determined under section 290C.07. By September 15 of each year, the commissioner of natural resources must certify to the commissioner the lands eligible for payment. The incentive […]
Section 290B.05 — Maximum Property Tax Amount And Deferred Property Tax Amount.
290B.05 MAXIMUM PROPERTY TAX AMOUNT AND DEFERRED PROPERTY TAX AMOUNT. Subdivision 1. Determination by commissioner. The commissioner shall determine each qualifying homeowner’s “annual maximum property tax amount” following approval of the homeowner’s initial application and following the receipt of a resumption of eligibility certification. The “annual maximum property tax amount” equals three percent of the […]
Section 290B.06 — Refunds; Offset.
290B.06 REFUNDS; OFFSET. For purposes of qualifying for the regular property tax refund or the special refund for homeowners under chapter 290A, the qualifying tax is the full amount of taxes, including the deferred portion of the tax. In any year in which a program participant chooses to have property taxes deferred under this section, […]
Section 290B.07 — Lien; Deferred Portion.
290B.07 LIEN; DEFERRED PORTION. (a) Payment by the state to the county treasurer of property taxes, penalties, interest, or special assessments and interest deferred under this chapter is deemed a loan from the state to the program participant. The commissioner must compute the interest as provided in section 270C.40, subdivision 5, but not to exceed […]
Section 290B.08 — Termination Of Deferral; Payment Of Deferred Taxes.
290B.08 TERMINATION OF DEFERRAL; PAYMENT OF DEFERRED TAXES. Subdivision 1. Termination. (a) The deferral of taxes granted under this chapter terminates when one of the following occurs: (1) the property is sold or transferred; (2) the death of all qualifying homeowners; (3) the homeowner notifies the commissioner in writing that the homeowner desires to discontinue […]
Section 290B.09 — State Reimbursement.
290B.09 STATE REIMBURSEMENT. Subdivision 1. Determination; payment. The county auditor shall determine the total current year’s deferred amount of property tax under this chapter in the county, and report those amounts to the commissioner under section 270C.85, subdivision 2, clause (4). The commissioner may make changes as deemed necessary. The commissioner of revenue, after such […]
Section 290B.10 — Senior Deferral Program; Information Provided.
290B.10 SENIOR DEFERRAL PROGRAM; INFORMATION PROVIDED. The commissioner of revenue shall provide information about the senior deferral program and eligibility criteria for the program in the instruction booklet prepared for taxpayers to use in applying for property tax refunds under chapter 290A. History: 1998 c 389 art 5 s 16