Bill > HF338

This bill allows cities in Minnesota to create land-value taxation districts, where property taxes are reallocated among the properties in the district based on the estimated market value of the land, excluding the value of any improvements. The bill outlines the process for establishing a land-value taxation district, including requirements for public hearings and notice to property owners. It also specifies that property owners in the district can appeal the valuation of the land separately from the improvements. The provisions of this bill are effective beginning with property taxes payable in 2019.