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County board sets public hearing to consider aggregate property tax law

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News Woodbury,Minnesota 55125 http://www.woodburybulletin.com/sites/all/themes/woodburybulletin_theme/images/social_default_image.png
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County board sets public hearing to consider aggregate property tax law
Woodbury Minnesota 8420 City Centre Drive 55125

The Washington County Board of Commissioners set a public hearing for 9 a.m. on Tuesday, May 19, to receive public input to consider whether the county should participate in terminating the "Aggregate Resource Preservation Property Tax Law" program.

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The 2008 omnibus tax bill contained a property tax reduction program for parcels of land containing commercial aggregate (gravel) deposits.

The law would require the county to value parcels containing gravel deposits at a lower classification.

The result would be a shift in taxes owed from those types of properties to all other properties in the county.

If the program law is not approved, properties containing aggregate deposits would be taxed at market value therefore equalizing property tax values within the county.

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