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Senate Counsel, Research
and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 2571 - Modifying Class Rate for Class 4d Properties
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Author:
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Senator David H. Senjem
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Prepared By:
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Eric S. Silvia, Senate Counsel (651/296-1771)
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Date:
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March 19, 2019
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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.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 03/19/2019
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