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<br />HRD Issues & Information: Property Taxes <br /> <br />Page 2 of3 <br /> <br /> I Seasonal resorts (4c) I <br /> I Up to $500,000 II 1.65 /I 1.0 II yes II yes I <br /> I Over $500,000 II 1.65 ,II 1.25 II yes II yes I <br /> I Seasonal Recreational Residential .. I <br /> I Up to $76,000 II 1.2 II 1.0 II yes 4 II no I <br /> I $76,000-$500,000 II 1.65 II 1.0 II yes 1/ no I <br /> I Over $500,000 'I 1.65 II 1.25 1/ yes II no I <br /> I Agricultural Land & Buildings I <br /> I Homestead 5 I <br /> I Up to $115,000 II 0.35 II 0.55 II no II no I <br /> , $115,000-$600,000 II 0.8 If 0.55 II no II no I <br /> I Over $600,000 II 1.2 /I 1.0 II no II no I <br /> I Nonhomestead II 1.2 II 1.0 II no II no I <br />I Miscellaneous Properties I <br />I Golf courses (open to public) II 1.65 II 1.25 II no II yes I <br />I Nonprofit service organizations II 1.65 II 1.5 II no II yes I <br /> I <br />I Fraternity/sorority houses II 1.2 II 1.0 II no " no I <br />I Manufactured home park land II 1.65 II 1.5 I II no 'II yes I <br /> Metro indoor recreational c:J~c:J1 yes I <br /> facilities <br />I Noncommercial aircraft hangars II 1.65 H :~I -1;5 II no 1/ yes I <br /> <br />1 Rate reduced to 1.25% in pay 2003 and thereafter. <br />2 Rate reduced to 1.5% in pay 2003 and 1.25% in pay 2004 and thereafter. <br />3 Rate increased to 1.0% in pay 2003, classification abolished in pay 2004. <br />4 <br />Taxed at 40% of regular state rate. <br />S House, garage, and one acre has same class rates and treatment as residential homestead. <br /> <br />Return to Issues & Information: Propertv Taxes <br /> <br />Return to House Research home <br /> <br />I~ _,II!.~ .4 ,I!.'!OoSilRl' <br /> <br />~ I ,Ul~~IIl~ v ~ I ~;.J$ll;~ <br /> <br />- !l;i1o'511m~~'V;;<;tr <br /> <br />Please direct all comments concerning issues or legislation <br />to your House Member or State Senator. <br /> <br />http://www.house.leg.state.mn.us/hrd/issinfo/c1rate2002.htm <br /> <br />11/8/2001 <br />