Minnesota § 92.115 - VALUATION OF STATE LANDS; MINIMUM BID
Full text of Minnesota Minnesota Statutes § 92.115 — VALUATION OF STATE LANDS; MINIMUM BID, with citation guidance and answers to common questions.
§ 92.115. VALUATION OF STATE LANDS; MINIMUM BID
Subdivision 1.Land valuation required.
Before offering any state land for sale under this chapter, the commissioner must establish the value of the land. The commissioner shall have the land appraised if the estimated market value is in excess of $100,000.
Subd. 2.Minimum bid.
The minimum bid for a parcel of land must include the estimated value or appraised value of the land and any improvements and, if any of the land is valuable for merchantable timber, the value of the merchantable timber. The minimum bid may include expenses incurred by the commissioner in rendering the property salable, including survey, appraisal, legal, advertising, and other expenses.
Subd. 3.Closing costs.
The purchaser of state land must pay recording fees and the state deed tax.
History:
2004 c 262 art 1 s 21; 2016 c 154 s 3; 1Sp2019 c 4 art 4 s 2
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 92.115
What does Minnesota Statutes § 92.115 cover?
Section 92.115 ("VALUATION OF STATE LANDS; MINIMUM BID") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 92.115?
A common citation format is "Minnesota Statutes § 92.115" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 92.115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.