Land Use & Zoning
A special assessment in Minnesota is a charge levied against:
AAll properties in the state equally
BProperties that benefit from a specific public improvement such as street paving or sewer installation✓ Correct
CProperties in violation of zoning codes
DProperties that have exceeded their improvement value
Explanation
A special assessment is a charge levied against specific properties that benefit from a local public improvement such as street paving, curb and gutter, water mains, or sewer lines. Unlike general property taxes, special assessments are tied to a direct benefit received by the assessed properties.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Math Concepts
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