- Est. Market Value - property value
as determined by the County Assessor to be what the property would
most likely sell for on the open market.
- Homestead Market Value Exclusion –
Applies to residential homesteads and to the house, garage, and one
acre of land on agricultural homesteads. The exclusion is a maximum
of $30,400 at $76,000 of market value, and then decreases by nine
percent for value over $76,000. The exclusion phases out for
properties valued at $413,800 or more.
- Taxable Market Value – property
value for the tax year reduced by applicable limitations,
exclusions, exemptions
and deferrals.
- Property Class – the statutory
property classification that has been assigned to your property
based on its use.
- PIN – property identification
number.
- M-1PR – The State of Minnesota
provides two types of property tax refunds. For more information, go
to the Minnesota Department of Revenue Web site.
- Other Credits – This line includes
the Agricultural Preserve credit and the School Building Bond
Credit. The Agricultural Preserve credit is applied to qualifying
metropolitan properties in long-term agricultural use. The School
Building Bond Credit is applied to all property classified as 2a
(agricultural land), 2b (rural vacant land), and 2c (managed forest
land), excluding the house, garage, and surrounding 1 acre of land
of an agricultural homestead. The credit is 40% of the tax on the
property attributable to school district-bonded debt levies.
- County/Municipal Public Safety System
– an ad valorem tax first imposed in 2003 to improve technology
County-wide in order to enhance public safety.
- Voter Approved Levies – levies
resulting from referenda passed in specific taxing districts.
- Other Local Levies – levies
resulting from budgeting requirements in specific taxing districts.
- Other Special Taxing Districts – Includes Housing and Redevelopment Authorities
(HRA), Port Authorities, hospital districts and water
management districts. Not all areas have each of these districts.
- Special Assessments – charges to
benefiting property owners for city/township provided improvements
such as road paving, sewer installation, etc.
- Solid Waste Management Charge – A
charge levied against all improved properties in the county, revenues from
which are used to protect our public health, land, air and water
through waste-to-energy conversion, extensive recycling efforts,
household hazardous waste collection, yard waste composting, public
information and waste reduction.
- Contamination Tax – a tax placed
on parcels where the State has determined the ground is
contaminated, revenues from which are used for decontamination.
- Proposed Property Tax – this
amount does not include any special assessments.
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