MN HF4442

Amends Minnesota Statutes sections 275.065 and 276.04 to modify property tax statements for properties subject to the Iron Range fiscal disparities tax under chapter 276A.

Requires tax statements to calculate the net tax capacity portion based on the property's total net tax capacity multiplied by each jurisdiction's tax rate, rather than using a different calculation method.

Mandates addition of a "fiscal disparities adjustment" line on tax statements equal to total gross tax payable minus the sum of individual taxing jurisdiction amounts, which may be a negative number.

Prohibits showing percentage change on proposed notices when the fiscal disparities adjustment for current or proposed year taxes is a negative number.

Effective for proposed notices for taxes payable in 2020 (section 1) and for actual tax statements for taxes payable in 2019 (section 2).