Minnesota Statutes
§ 92.115 — VALUATION OF STATE LANDS; MINIMUM BID
Minnesota § 92.115
This text of Minnesota § 92.115 (VALUATION OF STATE LANDS; MINIMUM BID) 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. § 92.115 (2026).
Text
Subdivision 1.Land valuation required.
Before offering any state land for sale under this chapter, the commissioner must establish the value of the land. The commissioner shall have the land appraised if the estimated market value is in excess of $100,000.
Subd. 2.Minimum bid.
The minimum bid for a parcel of land must include the estimated value or appraised value of the land and any improvements and, if any of the land is valuable for merchantable timber, the value of the merchantable timber. The minimum bid may include expenses incurred by the commissioner in rendering the property salable, including survey, appraisal, legal, advertising, and other expenses.
Subd. 3.Closing costs.
The purchaser of state land must pay recording fees and the state deed tax.
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Legislative History
2004 c 262 art 1 s 21;2016 c 154 s 3;1Sp2019 c 4 art 4 s 2
Nearby Sections
15
§ 92.02
AUTHORITY§ 92.025
SCHOOL TRUST LAND DEFINITION§ 92.03
MINIMUM PRICE OF LANDS§ 92.05
SALT LANDS§ 92.06
PAYMENTS; INTEREST§ 92.07
SALES BY SUBDIVISIONS§ 92.08
SURVEYS AND RESURVEYS§ 92.10
MAPS AND PLATS§ 92.13
STATE LANDS; DATE OF SALE§ 92.14
SALE; NOTICECite This Page — Counsel Stack
Bluebook (online)
Minnesota § 92.115, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/92/92.115.