MN HF1121

Amends Minnesota Statutes 2016, section 273.13, subdivision 23 to modify property tax classifications for agricultural land and related uses.

Adds "fish or shrimp" to the definition of agricultural products when bred for sale and consumption on land zoned for agricultural use.

Effective beginning with assessment year 2018 and thereafter.

Maintains existing classification rates for Class 2a agricultural land (1 percent of market value) and Class 2b rural vacant land (1 percent of market value) unless part of an agricultural homestead.

Preserves provisions for Class 2c managed forest land (0.65 percent classification rate), Class 2d airport landing areas (1 percent), and Class 2e commercial aggregate deposits (1 percent).