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The Minnesota property tax system includes a system of classification, based on use. Classification is a definition of how the property is used, determined by its ownership and use. Classifications such as homestead, commercial, and agricultural describe the primary use of a property, and affect the amount of property tax paid.
The assessor determines the classification or use of each parcel. Each classification is taxed and receives credits at a different percentage of market value. These percentages are set by the State Legislature.
The Aggregate Resource Preservation Property Tax Law consists of land with a commercial aggregate deposit that is not actively being mined and is not otherwise classified as class 2a or 2b. It has a class rate of one percent of market value.