Minnesota § 435.195 TERMINATION OF RIGHT TO DEFERRED PAYMENT

Minnesota Statutes

§ 435.195 — TERMINATION OF RIGHT TO DEFERRED PAYMENT

Minnesota § 435.195

PartMUNICIPAL FINANCE, TAXATION, SPECIAL ASSESSMENTS

Ch. 435PUBLIC IMPROVEMENTS, OTHER PROCEEDINGS

This text of Minnesota § 435.195 (TERMINATION OF RIGHT TO DEFERRED PAYMENT) 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. § 435.195 (2026).

Text

The option to defer the payment of special assessments shall terminate and all amounts accumulated plus applicable interest, shall become due upon the occurrence of any of the following events:

(a)the death of the owner, provided that the spouse is otherwise not eligible for the benefits hereunder;

(b)the sale, transfer or subdivision of the property or any part thereof;

(c)if the property should for any reason lose its homestead status; or (d) if for any reason the taxing authority deferring the payments shall determine that there would be no hardship to require immediate or partial payment.

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The option to defer the payment of special assessments shall terminate and all amounts accumulated plus applicable interest, shall become due upon the occurrence of any of the following events: (a) the death of the owner, provided that the spouse is otherwise not eligible for the benefits hereunder; (b) the sale, transfer or subdivision of the property or any part thereof; (c) if the property should for any reason lose its homestead status; or (d) if for any reason the taxing authority deferring the payments shall determine that there would be no hardship to require immediate or partial payment.