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• Public property,including all city-owned property,for exclusive public purpose use. • Real and personal property for the abatement and control of air or water pollution. There are a number of other specific types of properties listed as exempt from property taxes. A.G.Op.474d(Aug.28, 1961). Local governments in Minnesota may not generally exempt any land from taxation for the purpose of attracting or keeping industry. Minn.slat.§§469.310 to 469.320. The commissioner of the Dept. of Employment and Economic Development (DEED)can designate up to 10"job opportunity zones"(JOBZ)in areas outside the seven-county metropolitan area that meet specified economically- Go to DEED for the most up-to- distressed criteria. These zones provide property tax breaks to businesses to date information of Minnesota's JOBZ zones. encourage job growth and business investment. Contact DEED at(651)297- 1291 for information on Minnesota's JOBZ zones. K. Equalization procedures Once the assessors have completed their work,the city, county,and state levels of government review and modify the assessments with limitations. During this review,two kinds of corrections are possible:the governing body may check the assessor's lists for accuracy,hear individual complaints and make any necessary adjustments; and,the governing body may equalize the ratio of market to assessed market values.The first function is the sole concern of the city board of review,while the county and state boards devote more time to the latter task. When the entire procedure is complete,the county auditor puts the valuations in the records to use when making up the tax rate figures. Only when all three levels of government have reviewed and equalized the assessments,do they become the official assessed values. . City board of review Minn.Stat.§274.01,subd. 1(a). The city council serves as the board of review in cities unless the power is delegated to a special board of review or to the county,as described below. Minn.Stat.§274.01.subd.2. The city council may appoint a special board of review.It may delegate to the board all of the powers and duties the council would have if it acted as the board of review.The members of the special board of review serve at the direction and discretion of the council.The council determines the number of members,the compensation and expense payments,and the term of office.At least one member of the board must be an appraiser,realtor or familiar with property valuations in the assessment district. II HANDBOOK FOR MINNESOTA CITIES 20:9 This chapter last revised 1/3/2007