County to gain millions in taxable property
Hubbard County will recapture an astounding $93.5 million of taxable property next year under a state program being phased out that gave tax breaks to property owners during inflationary times.
Called Limited Market Value, the program, which courts have ruled unconstitutional, then constitutional, has been around three decades. At its peak, $32 billion was excluded from Minnesota property tax rolls in 2004.
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