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Last Updated: 10/3/2017

Agricultural Preserve Credit

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Property Tax Administrators

General 651-556-6091
Direct lines are listed at the bottom of each page when applicable
8:00 a.m.- 4:30 p.m. Mon.- Fri.

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The Agricultural Preserve Credit reduces property taxes for eligible farmers in areas of urban expansion.  Assessors, auditors, treasurers and data processing personnel must use the following rate and instructions to calculate the credit amounts for the appropriate payable year:

Taxes Payable 2018

  • Method 1:
    The new base rate for calculating the payable 2018 Agricultural Preserve Credit local tax rate using Method 1 is 82 percent. The net tax capacity of the eligible land and non-residential buildings is multiplied by the Agricultural Preserve Credit local tax rate to determine the credit amount under Method 1.
  • Method 2:
    The total number of acres enrolled in the Agricultural Preserve program is multiplied by $1.50 to determine the credit amount under Method 2.
The credit available to eligible property owners is the amount determined by either Method 1 or Method 2, whichever is greater.​
 

Taxes Payable 2017

  • Method 1:
    The new base rate for calculating the payable 2017 Agricultural Preserve Credit local tax rate using Method 1 is 81 percent. The net tax capacity of the eligible land and non-residential buildings is multiplied by the Agricultural Preserve Credit local tax rate to determine the credit amount under Method 1.
  • Method 2:
    The total number of acres enrolled in the Agricultural Preserve program is multiplied by $1.50 to determine the credit amount under Method 2.

The credit available to eligible property owners is the amount determined by either Method 1 or Method 2, whichever is greater.​

 

Questions? 

James Shanley, 651-556-6092, james.shanley@state.mn.us