LBO: open space deferrals shift tax liability and data limits prevent measuring program’s success
LBO told the commission that open space preferential valuation deferrals shifted an estimated $15.9 million in tax liability in 2024 (estimated $17.5M in 2027) and that most deferred liability comes from member-only golf courses; however, LBO could not determine whether the program meets its preservation objective because of data limits.
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The Legislative Budget Office presented an evaluation of Minnesota’s open space program to the Tax Expenditure Review Commission on July 25 and concluded it cannot determine whether the law has encouraged preservation or development of private recreational open space because of data and methodological constraints.
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