Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
Director
   Senate   
State of Minnesota
 
 
 
 
 
S.F. No. 2571 - Modifying Class Rate for Class 4d Properties
 
Author: Senator David H. Senjem
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: March 19, 2019



 

SF 2571 sets the class rate for all Class 4d properties (qualifying low-income rental property) at 0.25%. Under current law, the class rate for 4d property is 0.75% on the first tier of value (first $150,000 for assessment year 2019) and 0.25% of the value exceeding the first tier amount for each unit.

Effective beginning with taxes payable in 2020.     

 
Check on the status of this bill
 
Back to Senate Counsel and Research Bill Summaries page
 

 
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
 
Last review or update: 03/19/2019
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn