Land lots in Saint Paul, Minnesota

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Minnesota ( (listen)) is a state in the Upper Midwest, Great Lakes, and northern regions of the United States. Minnesota was admitted as the 32nd U.S. state on May 11, 1858, created from the eastern half of the Minnesota Territory. The state has many lakes, and is known as the "Land of 10,000 Lakes". Its official motto is L'Étoile du Nord (French: Star of the North). Minnesota is the 12th largest in area and the 22nd most populous of the U.S. states; nearly 55% of its residents live in the Minneapolis–Saint Paul metropolitan area (known as the "Twin Cities"). This area has the largest concentration of transportation, business, industry, education, and government in the state. Urban centers in "Greater Minnesota" include Duluth, Mankato, Moorhead, Rochester and St. Cloud.The geography of the state consists of western prairies now given over to intensive agriculture; deciduous forests in the southeast, now partially cleared, farmed, and settled; and the less populated North Woods, used for mining, forestry, and recreation. Thousands of years before Europeans arrived, Minnesota was inhabited by various indigenous peoples. French explorers, missionaries, and fur traders began exploring the region in the 17th century, encountering the Dakota and Ojibwe/Anishinaabe tribes. Much of what is now Minnesota was part of the vast French holding of Louisiana, which was purchased by the United States in 1803. Following several territorial reorganizations, Minnesota in its current form was admitted as the country's 32nd state on May 11, 1858. Like many Midwestern states, it remained sparsely populated and centered on lumber and agriculture. During the 19th and early 20th centuries, many European immigrants, mainly from Scandinavia and Germany, began to settle the state, which remains a center of Scandinavian American and German American culture. Minnesota's standard of living index is among the highest in the United States, behind only Massachusetts and Connecticut, and the state is also among the best-educated and wealthiest in the nation. In recent years, its economy has greatly diversified, shifting from traditional activities such as agriculture and resource extraction to services and finance. While Minnesota's population is still largely dominated by Scandinavian- and German-Americans, domestic migration and immigration from Asia, the Horn of Africa, the Middle East, and Latin America have broadened the demographics of the state.

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In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a lot is called fee simple in some countries. A lot may also be defined as a small area of land that is empty except for pavement or similar improvement. An example would be a parking lot. This article covers lots as parcels of land meant to be owned as units by an owner(s). Like most other types of real estate, lots owned by private parties are subject to a periodic real estate tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales. Other fees by government are possible for improvements such as curbs and sidewalks or an impact fee for building a house on a vacant lot.

Source: https://en.wikipedia.org/