MN HF3107

Amends Minnesota Statutes 2009 Supplement, section 273.13, subdivision 23, to modify property tax classification rates for agricultural homesteads and related land categories.

Class 2a agricultural homestead property receives a 0.5 percent class rate on land value up to the first tier valuation limit, and 1 percent on remaining property over the first tier.

Class 2c managed forest land receives a 0.65 percent class rate for properties between 20 and 1,920 acres managed under a forest management plan meeting chapter 290C requirements.

Expands the definition of "agricultural products" to include commercial boarding of horses with related horse training and riding instruction, provided the boarding occurs on property also used for raising pasture or grazing horses or cultivating other agricultural products.

Effective for property taxes levied in 2010 and thereafter, with taxes payable in 2011 and thereafter.