How is a bonded title vehicle valued in Minnesota?
By the Department of Public Safety, not the applicant. When an applicant cannot establish ownership because prior owners or lienholders cannot be found, Minn. Stat. § 168A.07 requires a bond equal to one and one-half times the value of the vehicle as determined by the department, returned after three years if no claims are pending. A written appraisal is useful when the vehicle is older, rebuilt, or a collector piece that standard values misjudge.
Does Minnesota tax business equipment as personal property?
Generally no. Minn. Stat. § 272.02, subd. 9 exempts all personal property except a short list of enumerated items such as electric systems, railroad equipment, and manufactured homes, so most machinery, furniture, and inventory carry no Minnesota property tax. That is why equipment here is usually valued for a lender, a buyer, an estate, or a divorce court rather than an assessor.