276A.01 DEFINITIONS. Subdivision 1. Applicability. In sections 276A.01 to 276A.09, the terms defined in this section have the meanings given them unless the context indicates otherwise. Subd. 2. Area. “Area” means the territory included within all taconite assistance areas defined in section 273.1341. Subd. 3. Commercial-industrial property. “Commercial-industrial property” means the following categories of property, […]
276A.02 ADMINISTRATIVE AUDITOR. Subdivision 1. Election. On or before July 1, 1997, and each subsequent odd-numbered year, the auditors of the counties within the area shall meet at the call of the auditor of St. Louis County and elect from among themselves one auditor to serve as administrative auditor for a period of two years […]
276A.03 NET TAX CAPACITY OF COMMERCIAL-INDUSTRIAL PROPERTY. By August 5 of 1996 and each subsequent year, the assessors within each county in the area shall determine and certify to the county auditor the net tax capacity in that year of commercial-industrial property subject to taxation within each municipality in the county, determined without regard to […]
276A.04 INCREASE IN NET TAX CAPACITY. By July 15 of 1997 and each subsequent year, the auditor of each county in the area shall determine the amount, if any, by which the net tax capacity determined in the preceding year pursuant to section 276A.03, of commercial-industrial property subject to taxation within each municipality in the […]
276A.05 COMPUTATION OF AREAWIDE TAX BASE. Subdivision 1. Areawide net tax capacity. Each county auditor shall certify the determinations under sections 276A.03 and 276A.04 to the administrative auditor on or before August 1 of each year. The administrative auditor shall determine an amount equal to 40 percent of the sum of the amounts certified pursuant […]
276A.06 NET TAX CAPACITY OF GOVERNMENTAL UNIT. Subdivision 1. Generally. The county auditor shall determine the net tax capacity of each governmental unit within the county in the manner prescribed by this section. Subd. 2. Definition. The net tax capacity of a governmental unit is its net tax capacity as determined in accordance with other […]
276A.07 ADJUSTMENTS IN DATES. If, because of the enactment of any other law, the date by which the commissioner of revenue is required to certify to the county auditors the records of proceedings affecting the net tax capacity of property is advanced to a date earlier than June 30, the dates specified in sections 276A.03 […]
276A.08 REASSESSMENTS AND OMITTED PROPERTY. Subdivision 1. Reassessment orders. If the commissioner of revenue orders a reassessment of all or any portion of the property in a municipality other than in the form of a mathematically prescribed adjustment of valuation, or if omitted property is placed upon the tax rolls, and the reassessment has not […]
276A.09 CHANGE IN STATUS OF MUNICIPALITY. If a municipality is dissolved, is consolidated with all or part of another municipality, annexes territory, has a portion of its territory detached from it, or is newly incorporated, the secretary of state shall immediately certify that fact to the commissioner of revenue. The secretary of state shall also […]
