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DEPARTMENT OF PROPERTY TAXATION <br />COUNTY OF RAMSEY <br />126 -138 Court House <br />St. Paul, Minnesota 55102 <br />LOU McKENNA April 10, 1979 <br />Director <br />ROGER VIK <br />Assistant Director <br />To: Suburban City & Town Clerks <br />DIVISION MANAGERS: <br />Robert J. Ellis <br />Property Valuation <br />William M. Killeen <br />Revenue <br />C. Thomas Osthoā¯‘ <br />Land Records <br />We have recently received opinions of the Attorney General and <br />Ramsey County Attorney relative to collection of deferred assessments <br />under the Minnesota Agricultural Property Tax Law and Senior Citizen <br />Deferment Law. <br />Our procedure to date, in the case of both these laws, has been <br />to collect the deferred installments with interest that would have been <br />extended to the tax rolls had no deferrment been granted. <br />The opinion of the Attorney General, number 408 -C, dated May 30, <br />1978 relates to assessments deferred under the Minnesota Agricultural <br />Property Tax Law (M.S. 273.111 - 1978). The opinion states that: . . <br />. . . "it is our opinion that interest must accrue against the full <br />amount of unpaid special assessments that are deferred pursuant to <br />Minn. Stat. 273.111, subd. 11 (1978) at the annual rate that is deter- <br />mined by the special assessment resolution, that is adopted pursuant <br />to Minn. Stat. Ch. 429 ". Pursuant to this opinion we will now collect <br />simple interest on the full amount of principal deferred at the interest <br />rate stated in the resolution extending the assessment. <br />The opinion of the Ramsey County Attorney dated April 4, 1979 was <br />given in response to our request for an opinion relative to the deferr- <br />ment of assessments for Senior Citizens due to hardship under M.S. <br />435.194 (1978). We requested this opinion after we had received the <br />copy of the Attorney General's opinion #408 -C. The opinion states that <br />. . . . "the taxing authority may determine the procedue by which to <br />calculate interest on special assessments deferred under Minn. Stat. <br />435.193 to 435.195. In the absence of a resolution specifying a particular <br />method, interest should be calculated in a manner consistent with Opinion <br />of Attorney General 408 -C, May 30, 1978, so that interest will accrue upon <br />the full amount of the deferred special assessment ". Pursuant to this <br />059 <br />