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Anoka County City of Lino Lakes
<br />29
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<br />under this subdivision is $50,000.The assessor shall require an application. Applications must be
<br />received by December 31, 2002, or December 31, 2003, in order to be effective for taxes payable in the
<br />following year. For purposes of this subdivision, "population" has the meaning given in section
<br />477A.011, subdivision 3 .
<br /> Subd. 21. Valuation reduction for homestead property damaged by mold. (a) The owner of
<br />homestead property may apply in writing to the assessor for a reduction in the market value of the
<br />property that has been damaged by mold. The notification must include the estimated cost to cure the
<br />mold condition provided by a licensed contractor. The estimated cost must be at least $20,000. Upon
<br />completion of the work, the owner must file an application on a form prescribed by the commissioner of
<br />revenue, accompanied by a copy of the contractor's estimate.(b) If the conditions in paragraph (a) are
<br />met, the county board must grant a reduction in the market value of the homestead dwelling equal to
<br />the estimated cost to cure the mold condition. If a property owner applies for a reduction under this
<br />subdivision between January 1 and June 30 of any year, the reduction applies for taxes payable in the
<br />following year. If a property owner applies for a reduction under this subdivision between July 1 and
<br />December 31 of any year, the reduction applies for taxes payable in the second following year.(c) A
<br />denial of a reduction under this section by the county board may be appealed to the tax court. If the
<br />county board takes no action on the application within 90 days after its receipt, it is considered an
<br />approval.(d) For purposes of subdivision 1a, in the assessment year following the assessment year
<br />when a valuation reduction has occurred under this section, any market value added by the assessor
<br />to the property resulting from curing the mold condition must be considered an increase in value due to
<br />new construction. Subd. 22. Lead hazard market value reduction. Owners of property classified as
<br />class 1a, 1b, 1c, 2a, 4b, 4bb, or 4d under section 273.13 may apply for a lead hazard valuation reduction,
<br />provided that the property is located in a city which has authorized valuation reductions under this
<br />subdivision. A city that authorizes reductions under this subdivision must establish guidelines for
<br />qualifying lead hazard reduction projects and must designate an agency within the city to issue
<br />certificates of completion of qualifying projects. For purposes of this subdivision, "lead hazard reduction"
<br />has the same meaning as in section 144.9501, subdivision 17.The property owner must obtain a
<br />certificate from the agency stating (1) that the project has been completed and (2) the total cost incurred
<br />by the owner, which must be at least $3,000. Only projects originating after July 1, 2005, and completed
<br />before July 1, 2010, qualify for a reduction under this subdivision. The property owner shall apply for the
<br />valuation reduction to the assessor on a form prescribed by the assessor accompanied by a copy of the
<br />certificate of completion from the agency. A qualifying property is eligible for a one-year valuation
<br />reduction equal to the actual cost incurred, to a maximum of $20,000. If a property owner applies to the
<br />assessor for the valuation reduction under this subdivision between January 1 and June 30 of any year,
<br />the reduction applies for taxes payable in the following year. If a property owner applies to the assessor
<br />for the valuation reduction under this subdivision between July 1 and December 31, the reduction
<br />applies for taxes payable in the second following year. For purposes of subdivision 1a, any additional
<br />market value resulting from the lead hazard removal must be considered an increase in value due to
<br />new construction.
<br /> Subd. 23. First tier valuation limit; agricultural homestead property. (a) Beginning with
<br />assessment year 2006, the commissioner of revenue shall annually certify the first tier limit for
<br />agricultural homestead property as the product of (i) $600,000, and (ii) the ratio of the statewide average
<br />taxable market value of agricultural property per acre of deeded farm land in the preceding assessment
<br />year to the statewide average taxable market value of agricultural property per acre of deeded farm land
<br />for assessment year 2004. The limit shall be rounded to the nearest $10,000.(b) For the purposes of
<br />this subdivision, "agricultural property" means all class 2 property under section 273.13, subdivision 23,
<br />except for (1) timberland, (2) a landing area or public access area of a privately owned public use airport,
<br />and (3) property consisting of the house, garage, and immediately surrounding one acre of land of an
<br />agricultural homestead.(c) The commissioner shall certify the limit by January 2 of each assessment
<br />year, except that for assessment year 2006 the commissioner shall certify the limit by June 1, 2006.
<br />History: (1992) RL s 810; Ex1967 c 32 art 7 s 3; 1969 c 574 s 1; 1969 c 990 s 1; 1971 c 427 s 1; 1971
<br />c 489 s 1; 1971 c 831 s 1; 1973 c 582 s 3; 1973 c 650 art 23 s 1-4; 1974 c 556 s 14; 1975 c 437 art 8 s
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