Date: May 17, 2017 From: Cynthia Rowley, Director – Property Tax Division Subject: Capitalization Rate Study The Property Tax Division of the Minnesota Department of Revenue is responsible for the assessment of utility, pipeline, and railroad operating property. We complete a Capitalization Rate Study each year. The rates developed in the study are used as part of the valuations of these properties. We welcomed partners from utility, pipeline and railroad companies to the department’s Spring Forum on March 8, 2017. They shared industry‐specific insight at the Forum. We posted the initial Capitalization Rate Study on April 20, 2017 and welcomed comments until April 28, 2017. We appreciated the comments we received. The comments were thoughtful and provided us with additional ideas for the Study. We apologize for the brief comment period. We remain committed to providing as much time for comments as possible, but we need to be aware of our statutory deadlines. We revised the Study after we reviewed your comments.
Who can I contact with questions? Holly Soderbeck, State Assessed Property Section, Property Tax Division 651‐556‐6119, sa.property@state.mn.us Sincerely,
Cynthia Rowley, Director Property Tax Division
600 N. Robert St., St. Paul, MN 55146 www.revenue.state.mn.us
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