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S.F. No. 1572 - Delinquent Property Taxes; Modifying Confessions of Judgment, Installment Payments & Redemption Periods
 
Author: Senator Dave Thompson
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: April 15, 2013



 

S.F. 1572 makes changes relating to the procedure for delinquent property taxes by modifying provisions concerning confessions of judgment, installment payments and redemption periods.

Section 1 [Class 3a property] allows class 3a property, regardless of total market value, to be eligible for a confession of judgment upon approval by the county auditor. A municipality, city of the first class or other special assessment authority may, through resolution, waive the requirement of payment of all current and delinquent special assessments at the time the confession is entered. If such a waiver if granted, all current year taxes, special assessments and penalties due, and 20% of all delinquent taxes, special assessments, penalties, interests and fees must also be paid. The remaining amount is subject to an installment plan. The special assessment authority may, however, abate all special assessments and penalties and interest and reassess the assessment as allowed under current law. Upon notice to abate and reassess, the assessment authority shall notify the county auditor to remove all current and delinquent special assessments and the payment of all or a portion is not due as part of the down payment as otherwise required. The county auditor may require conditions when considering a request for approval of eligibility for composition into a confession of judgment.

Section 2. [Installment payments] allows the delinquent taxpayer to pay an amount equal to one-tenth or one-fifth as the down payment for confession of judgment and allows payment of the remaining balance in nine or four equal, annual installments.

Section 3. [Expiration of time for redemption] strikes reference to a repealed section of law and updates current reference.

Section 4. [Period for redemption] clarifies that the period of redemption for all lands sold to the state at a tax judgment sale shall be three years from the date of sale to the state of Minnesota and removes the five-year period distinction between nonagricultural homestead, homestead agricultural and seasonal residential recreational.

 

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