Market value of qualifying business property in a Job Opportunity Building Zone (JOBZ) was exempt from certain property taxes.
These zones were located throughout Minnesota, except for the seven-county metropolitan area. To qualify, businesses had to have entered into a Business Subsidy Agreement (BSA) with a local government and met other qualifications. Qualified businesses in these zones were eligible for JOBZ exemptions from sales, income, and property taxes and were eligible for a refundable jobs credit based on increased payroll.
Qualified businesses located in a JOBZ were exempt from some property taxes. The exemption applied only to improvements to real property and personal property classified as class 3 property (commercial/industrial). The exemption did not apply to levies to pay general obligation bonds or to school district debt service levies.
The data show the market value that was eligible for a property tax exemption under the JOBZ program. The JOBZ program was sunset in 2020.