MN SF4985

Requires counties to conduct public auctions for tax-forfeited properties within six months of forfeiture, with sales to the highest bidder through online or other accessible methods and at least 30 days' notice.

Distributes auction proceeds exceeding the minimum bid (delinquent taxes, assessments, penalties, interest, and costs) as surplus to interested parties who file claims within six months of notification.

Creates separate process for mineral interests and iron-bearing stockpiles, which are sold to the state for $50 with interested parties able to claim excess value as determined by the Commissioner of Natural Resources.

Allows interested parties to repurchase forfeited properties before public sale by paying all delinquent taxes, assessments, penalties, interest, and costs, with application deadline before the sale date.

Appropriates $1,537,000 annually starting in fiscal year 2025 to the Department of Natural Resources to administer duties under the new tax-forfeited land sale procedures.