Minn. Stat. § 473F.001
Citation
This chapter shall be cited as the "Charles R. Weaver Metropolitan Revenue Distribution Act."
Minnesota Statutes Chapter 473F — Metropolitan Revenue Distribution
Minnesota · statute · Minn. Stat. ch. 473F · 12 active provisions
Minn. Stat. § 473F.01
Purpose; Use of Proceeds
Subdivision 1. Purpose. The legislature finds it desirable to improve the revenue raising and distribution system in the seven-county Twin Cities area to accomplish the following objectives: (1) to provide a way for local governments to share in the resources generated by the growth of the area, without removing any re…
Minn. Stat. § 473F.02
Definitions
Subdivision 1. Terms. The terms defined in this section shall have the meanings therein ascribed to them for purposes of sections 473F.01 to 473F.13 unless context otherwise requires. Subd. 2. Area. "Area" means the territory included within the metropolitan area as defined in section 473.121, subdivision 2, excluding…
Minn. Stat. § 473F.03
Administrative Auditor
Subdivision 1. Election of administrative auditor. On or before July 1 of 1972 and each subsequent even-numbered year the auditors of the counties within the area shall meet at the call of the auditor of Hennepin County and elect from among their number one auditor to serve as administrative auditor for a period of two…
Minn. Stat. § 473F.05
Net Tax Capacity
On or before August 5 of each year, the assessors within each county in the area shall determine and certify to the county auditor the net tax capacity in that year of commercial-industrial property subject to taxation within each municipality in the county, determined without regard to section 469.177, subdivision 3.
Minn. Stat. § 473F.06
Increase in Net Tax Capacity
On or before July 15 of each year, the auditor of each county in the area shall determine the amount, if any, by which the net tax capacity determined in the preceding year under section 473F.05, of commercial-industrial property subject to taxation within each municipality in the auditor's county exceeds the net tax c…
Minn. Stat. § 473F.07
Computation of Areawide Tax Base
Subdivision 1. Areawide net tax capacity. Each county auditor shall certify the determinations under sections 473F.05 and 473F.06 to the administrative auditor on or before August 1 of each year. The administrative auditor shall determine an amount equal to 40 percent of the sum of the amounts certified under section 4…
Minn. Stat. § 473F.08
Net Tax Capacity
Subdivision 1. County auditor to determine. The county auditor shall determine the net tax capacity of each governmental unit within the auditor's county in the manner prescribed by this section. Subd. 2. Computation of net tax capacity. The net tax capacity of a governmental unit is its net tax capacity, as determined…
Minn. Stat. § 473F.09
Adjustments in Dates
If, by reason of the enactment of any other law, the date by which the commissioner of revenue is required to certify to the county auditors the records of proceedings affecting the net tax capacity of property is advanced to a date earlier than June 30, the dates specified in sections 473F.07 and 473F.10 may be modifi…
Minn. Stat. § 473F.10
Reassessments and Omitted Property
Subdivision 1. Reassessment orders. If the commissioner of revenue orders a reassessment of all or any portion of the property in a municipality other than in the form of a mathematically prescribed adjustment of valuation, or if omitted property is placed upon the tax rolls, and the reassessment has not been completed…
Minn. Stat. § 473F.11
Late Levies
Subdivision 1. Failure to certify levy. If a governmental unit does not certify its levy to the county auditor by November 25, then for purposes of section 473F.08, subdivision 3, clause (a), and section 473F.08, subdivision 5, its levy shall be deemed to equal its levy in the preceding year. Subd. 2. Change in levy. I…
Minn. Stat. § 473F.13
Change in Status of Municipality
Subdivision 1. Certification of change in status. If a municipality is dissolved, is consolidated with all or part of another municipality, annexes territory, has a portion of its territory detached from it, or is newly incorporated, the secretary of state shall immediately certify that fact to the commissioner of reve…