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Tax Abatement in Minnesota <br /> Requirements and Provisions <br /> Page 2 <br /> • Bonding and Levy Limits <br /> General obligation bonds supported by tax abatements can be issued without a <br /> referendum, and such debt does not count against the statutory debt limit of the <br /> political subdivision. Tax abatements are also not subject to levy limitations. <br /> Process <br /> A political subdivision may grant an abatement only after a public hearing has been <br /> held. Notice of the hearing must be published in a newspaper of general circulation <br /> not less than 10 days nor more than 30 days prior to the hearing. The notice must <br /> identify the property for which abatement is under consideration and specify the total <br /> estimated amount of property taxes to be abated. <br /> The governing body must adopt a resolution specifying the terms of the abatement. <br /> The resolution must also contain a statement as to the nature and extent of the public <br /> benefits that are expected to be received. <br /> • <br /> S <br />