Minnesota HF1297 increases market value exclusions for veterans with disabilities and their families.

Minnesota HF1297 amends state statutes to increase market value exclusions for property taxes for veterans with disabilities and their families. The bill excludes up to $250,000 of market value for veterans with a 70% or more service-connected disability and $500,000 for those with a total and permanent disability. The exclusion applies to the veteran's homestead if they meet the criteria. Surviving spouses of deceased veterans can also qualify for the exclusion if they meet certain conditions.

Minnesota HF1297 increases market value exclusions for veterans with disabilities and their families.

Minnesota HF1297 amends state statutes to increase market value exclusions for property taxes for veterans with disabilities and their families. The bill excludes up to $250,000 of market value for veterans with a 70% or more service-connected disability and $500,000 for those with a total and permanent disability. The exclusion applies to the veteran's homestead if they meet the criteria. Surviving spouses of deceased veterans can also qualify for the exclusion if they meet certain conditions.