Instructions For Property Record Report - Minnesota Department Of Revenue Page 3
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3Instructions for Property Record Report
Note: This does not include structures or
Column N: Company’s Explanation. If the
machinery, which have separate property
Current Yr. Total Cost changed more than 10%
types.
from the Prior Yr. Cost, you must provide an
explanation for the change. Comments will not
o Personal Property of a Transportation
carry forward to the next year.
Pipeline, abbreviated as Trans Pipeline.
Note: This does not include structures or
Column O: County’s Note is for the county to
machinery, which have separate property
keep any information they need to make
types.
administration easier. You should also use this to
note any co-owned property. Companies that co-
o Personal Property of a Water Utility,
own property decide together on how to notify the
abbreviated as Water Utility. Note: This
county, and include that notification in this
does not include structures or machinery,
column.
which have separate property types.
How is the report and certification
Column I: Prior Year Cost is the amount of cost
submitted?
reported to us at the end of the previous
assessment. This amount includes all operating
Submit the report in spreadsheet format and the scanned
property costs. Non-operating property costs are
certification to sa.property@state.mn.us. We will not
not included.
accept other formats.
Column J: Current Yr. Additions is the amount of
Questions
additional property costs for that record that
Email questions to
sa.property@state.mn.us
or call 651-
occurred since the last assessment. You need to
556-4974.
include all operating property costs if the property
is located in its permanent location, even if it is
Use of Information
not currently in service. Non-operating property
The information requested on this form is used to estimate
costs are not included.
your market value for each property type, by parcel. If you
do not provide the information, the Department of
Column K: Current Yr. Retirements is the amount
Revenue may value your property based on the best
of any retired property costs for that record that
information available.
occurred since the last assessment. Non-operating
property costs are not included.
All information requested on this form is public.
Column L: Cost of Pollution Control/Specific
Penalties
Exemption is the amount of any operating
property that is exempt from property tax,
Making false statements on this report is against the law.
including pollution control property. This amount
Minnesota Statutes, section 609.41, states that anyone
is subtracted from the operating property costs
giving false information in order to avoid or reduce their
and is not used in the apportionment of the taxable
tax obligation is subject to a fine of up to $3,000 and/or
Minnesota value. You should include the cost of
one year in prison.
any non-taxable property amounts that you
included in the original cost or additions columns.
Column M: Current Yr. Total Cost calculates as
follows:
Column I + Column J – Column K – Column L
Column M is the value used to determine the
amount of the taxable Minnesota value
attributable to that record.
12/17
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