Minnesota § 273.1234 TAX RELIEF FOR DESTROYED PROPERTY; HOMESTEAD AND DISASTER CREDITS

Minnesota Statutes

§ 273.1234 — TAX RELIEF FOR DESTROYED PROPERTY; HOMESTEAD AND DISASTER CREDITS

Minnesota § 273.1234

PartPROPERTY TAXES

Ch. 273TAXES; LISTING, ASSESSMENT

This text of Minnesota § 273.1234 (TAX RELIEF FOR DESTROYED PROPERTY; HOMESTEAD AND DISASTER CREDITS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 273.1234 (2026).

Text

Subdivision 1.Credit provided.
The county auditor shall compute a credit for taxes payable in the year following the year in which the damage or destruction occurred for each reassessed homestead property within the county that is located within a disaster or emergency area. The credit is equal to the difference in the net tax on the property computed using the market value of the property established for the January 2 assessment in the year in which the damage occurred and as computed using the reassessed value.

Subd. 2.Credit reimbursements.
The county auditor shall certify the credits granted under this section to the commissioner of revenue for reimbursement to each taxing jurisdiction in which the damaged property is located. The commissioner shall make the payments to the taxing ju

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Subdivision 1.Credit provided.
The county auditor shall compute a credit for taxes payable in the year following the year in which the damage or destruction occurred for each reassessed homestead property within the county that is located within a disaster or emergency area. The credit is equal to the difference in the net tax on the property computed using the market value of the property established for the January 2 assessment in the year in which the damage occurred and as computed using the reassessed value.

Subd. 2.Credit reimbursements.
The county auditor shall certify the credits granted under this section to the commissioner of revenue for reimbursement to each taxing jurisdiction in which the damaged property is located. The commissioner shall make the payments to the taxing jurisdictions containing the property, other than school districts and the state, at the time distributions are made under section473H.10, subdivision 3. Reimbursements to school districts shall be made as provided in section273.1392.

Subd. 3.Appropriation.
There is annually appropriated from the general fund to the commissioner of revenue an amount necessary to make the payments required by this section.