1.1 A bill for an act
1.2 relating to taxation; property; allowing valuation reductions on certain property
1.3 with conservation restrictions or easements; making technical corrections; amending
1.4 Minnesota Statutes 2024, section 273.117.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2024, section 273.117, is amended to read:
1.7 273.117 CONSERVATION PROPERTY TAX VALUATION.
1.8 (a) The value of real property which that is subject to a conservation restriction or
1.9easement shall must not be reduced by the assessor if:
1.10 (a) (1) the restriction or easement is for a conservation purpose and is recorded on the
1.11property; and
1.12 (b) (2) the property is being used in accordance with the terms of the conservation
1.13restriction or easement.
1.14 (b) This section does not apply to:
1.15 (1) conservation restrictions or easements covering riparian buffers along lakes, rivers,
1.16and streams that are used for water quantity or quality control;
1.17 (2) easements in a county that has adopted, by referendum, a program to protect farmland
1.18and natural areas since 1999;
1.19 (3) conservation restrictions or easements in metropolitan counties;
1Section 1.
REVISOR MS/ES 25-0196301/16/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 632
NINETY-FOURTH SESSION
Authored by Nadeau02/13/2025
The bill was read for the first time and referred to the Committee on Taxes 2.1 (4) conservation restrictions or easements in nonmetropolitan counties that have, by
2.2resolution, authorized the assessor to consider the impact of conservation restrictions or
2.3easements on the property's value; or
2.4 (3) (5) conservation restrictions or easements entered into prior to May 23, 2013.
2.5 EFFECTIVE DATE.This section is effective for assessment year 2026 and thereafter.
2Section 1.
REVISOR MS/ES 25-0196301/16/25