Reduces the state general levy for commercial-industrial property in Minnesota.
This bill amends Minnesota Statutes to reduce the state general levy for commercial-industrial property. The new levy amount is set at $684,990,000 for taxes payable in 2026 and thereafter. The bill also allows the commissioner to adjust rates to account for errors and tax base changes, provided the total difference in tax levied is at least $100,000. The changes take effect with property taxes payable in 2026 and beyond.
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