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DEC-19-2002 1457 ROSEVILLE-COMM-DEV 6514902931 P.18/27 <br /> 469.1813 • <br /> 11.11 <br /> 1 from the agreement. The resolution may provide that the political <br /> subdivision will retain or transfer to another political subdivision the <br /> abatement to pay for all or part of the cost of acquisition or improvement of <br /> 111 public infrastructure, whether or not located on or adjacent to the parcel <br /> for which the tax is abated. The abatement may reduce all or part of the <br /> property tax amount for the political subdivision on the parcel. A political <br /> subdivision's maximum annual amount for a parcel equals its total local <br /> tax rate multiplied by the total net tax capacity of the parcel. <br /> (b)The political subdivision may limit the abatement <br /> . j , (1)to a specific dollar amount per year or in total; <br /> (2) to the increase in property taxes resulting from improvement <br /> of the property; <br /> (3) to the increases in property taxes resulting from increases In <br /> the market value or tax capacity of the property; <br /> (4) in any other manner the governing body of the subdivision <br /> determines is appropriate; or <br /> (5) to the interest and penalty that would otherwise be due on <br /> taxes that are deferred. <br /> (c) The political subdivision may not abate tax attributable to the <br /> areawide tax under chapter 276A or 473F, except as provided in this <br /> subdivision. <br /> Subd. 3. School district abatements. An abatement granted <br /> 1 <br /> 3 Kress Monroe, P.A. <br /> MEL <br />