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MINNESOTA Department of Revenue <br /> Property Tax Division Mail Station 3340 St. Paul,MN 55146-3340 <br /> Phone (651)296-3155 Fax(651) 297-2166 <br /> July 6, 2001 <br /> To: School District Superintendents, City Finance Officials of Cities over 500 <br /> Population, and Metro Special Taxing Districts <br /> Re: Truth in Taxation Law Changes for Payable 2002 <br /> Special Session Laws 2001, Chapter 5, Article 3, Sections 91 and 96 provide the <br /> following changes for Truth in Taxation for levy year 2001, taxes payable in 2002: <br /> • Due to the late enactment of the Omnibus Tax Bill and the massive changes <br /> in the property tax system for the taxes payable year 2002, Truth in Taxation <br /> public hearings in 2001 for taxes payable in 2002 are not required. You do <br /> not need to publish or post a notice of a public hearing, nor do you need to <br /> hold a public Truth in Taxation hearing this year. These hearings will once <br /> again be required for taxes payable in 2003 and subsequent years. <br /> • The elimination of the requirement to hold a Truth in Taxation public hearing in <br /> 2001 does not prohibit a taxing authority from holding a Truth in Taxation <br /> hearing if it wants to. If your taxing authority chooses to hold a Truth in <br /> Taxation hearing this year, you should follow the normal procedures for <br /> publication/posting of a notice of a Truth in Taxation public hearing and the <br /> normal procedures for discussion of the proposed budget for payable 2002 (2001 <br /> budget in the case of school districts) and proposed property tax levy for payable <br /> 2002. <br /> • You should not submit a Form TNT-2002, "Certification of Truth in <br /> Taxation —Payable 2002" to the Department of Revenue. Since Truth in <br /> Taxation hearings are not required this year, there is no reason to complete <br /> and submit this form. You may toss the Form TNT-2002 that you previously <br /> received from our office. <br /> • Your taxing authority must still submit its proposed property tax levy for payable <br /> 2002 to the county auditor by September 17, 2002 (October 1 for school districts). <br /> The county auditor still needs this information to prepare parcel specific notices <br /> of proposed property taxes for each parcel of real property for the taxes payable <br /> year 2002. <br /> Continued... <br /> An equal opportunity employer TTY/TDD: (651)297-2196 <br />