Utility Valuation Transition Aid (UVTA) helps compensate cities and towns for reductions in their tax base due to a 2007 rule change in the assessment of utility property. This aid will continue for each qualifying municipality until the valuation of public utility property exceeds its assessment year 2007 valuation under the “old” utility assessment rules.
Questions?
Heather Bestler, 651-556-4928, heather.bestler@state.mn.us
