SF561

Purpose

The bill aims to change how property tax notices are shown by removing any fiscal disparities adjustment amounts from proposed property tax notices and tax statements. It also repeals specific state statutes related to fiscal disparities adjustments.

Main Provisions

• Modify contents of proposed property tax notices and tax statements to exclude fiscal disparities adjustment amounts.
• Repeal Minnesota Statutes 2024, sections 275.065, subdivision 3c, and 276.04, subdivision 2a.

Effect on Existing Law

• Removes the requirement or practice of including fiscal disparities adjustment amounts in property tax notices and tax statements.
• Eliminates the legal authority and references to those fiscal disparities adjustment provisions by repealing the two specified statute subdivisions.

Practical Implications

• Taxpayers will no longer see fiscal disparities adjustment amounts on their property tax notices or tax statements.
• The statutory basis for displaying or calculating fiscal disparities adjustments in these notices would be removed from state law.

Repealed Statutes (Referenced Provisions)

• Minnesota Statutes 2024, section 275.065, subdivision 3c
• Minnesota Statutes 2024, section 276.04, subdivision 2a

Relevant Terms - fiscal disparities adjustment - property tax notice - tax statement - proposed property tax notice - fiscal disparities adjustment amounts - repeal - Minnesota Statutes 2024 - sections 275.065(3c) and 276.04(2a)