MN SF3462

Amends Minnesota Statutes 2014, section 278.14, subdivision 1, to modify the definition and scope of mistakenly billed property tax refunds that counties must pay.

Defines "mistakenly billed tax" as property tax amounts billed in excess of accurate amounts due to misclassification under section 273.13 or mathematical errors, including any penalties or interest paid.

Limits refund eligibility to taxes payable in the current year and the two prior years.

Restricts "mathematical error" to three categories: converting market value to tax capacity or referendum market value, applying auditor-computed tax rates, or calculating or determining eligibility for credits.

Excludes refunds for property misclassifications resulting from the property owner's failure to apply for the correct classification as required by law.

Effective for property taxes payable in 2017 and thereafter.