MN HF1587

Amends Minnesota Statutes section 273.08 to establish that the same assessor cannot assess a tract or lot of real property in a town or city for more than the maximum interval of five years specified in the statute.

Allows commercial and industrial property to exceed the maximum assessor rotation interval due to lack of availability of qualified staff.

Requires assessors to actually view and determine market value of each tract or lot of real property at maximum intervals of five years.

Effective for assessments beginning in assessment year 2012.