2005 Minnesota Statutes - 287.11 — Mortgages recorded or registered prior to passage of sections 287.01 to 287.12.

     287.11 Mortgages recorded or registered prior to passage 
  of sections 287.01 to 287.12. 


    All mortgages of real property recorded prior to the 
 passage of sections 287.01 to 287.12 are taxable under the 
 provisions of law existing prior to the enactment of sections 
 287.01 to 287.12; provided, that the holder of any such mortgage 
 may pay to the treasurer of the proper county the tax based upon 
 the amount of the debt secured by the mortgage at the time of 
 the payment as stated by the affidavit of the owner of the 
 mortgage.  The affidavit may be filed with the county treasurer, 
 in which case the treasurer's receipt must be endorsed on it.  
 The county recorder or registrar of titles, on presentation of 
 the receipt, shall make a record of the date and amount of the 
 payment.  Thereafter the mortgage lien shall not be otherwise 
 taxable. 


    HIST: (2329) 1907 c 328 s 8; 1913 c 163 s 3; 1965 c 51 s 56; 
 1976 c 181 s 2; 1999 c 31 s 8