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t <br /> Tax Abatement in Minnesota <br /> Process <br /> A political subdivision may grant an abatement only after a public <br /> hearing has been held. Notice of the hearing must be published in a <br /> newspaper of general circulation not less than 10 days or more than 30 <br /> days prior to the hearing. The notice must identify the property for <br /> which abatement is under consideration and specify the total estimated <br /> amount of property taxes to be abated. <br /> The governing body must adopt a resolution specifying the terms of the <br /> abatement. The resolution must also contain a statement as to the nature <br /> and extent of the public benefits that are expected to be received. <br /> The political subdivision must add to its levy amount for the current year <br /> the total estimated amount of all current year abatements granted. <br /> Review and Modification <br /> The abatement resolution can provide that no review and modification is <br /> permitted. <br /> If resolution is silent, abatement may be reviewed and modified every <br /> second year after it has been approved. <br /> i�SPRINGSTED Page 5 <br />