MN HF2752

Eliminates the Department of Revenue's role in determining average agricultural land values for green acres tax deferment purposes, effective for assessment year 2013 and taxes payable in 2014 and thereafter.

Removes requirement for the commissioner of revenue to consult with the University of Minnesota's Department of Applied Economics and develop countywide average agricultural values based on sales data, commodity prices, and production expenses.

Removes the commissioner's authority to assign annual countywide average values to be used as the basis for determining agricultural value for properties qualifying for tax deferment under Minnesota Statutes section 273.111.

Eliminates reference to the "value prescribed by the commissioner of revenue" as the cap for class 2a tillable property valuations in rural preserve assessments, allowing assessors to determine values without this departmental limitation.