Minnesota HF2086 modifies the senior citizens' property tax deferral program by changing income limits and other eligibility criteria.

Minnesota HF2086 amends the senior citizens' property tax deferral program by raising the maximum allowable household income from $96,000 to $110,000. The property must be owned and occupied by at least one person aged 65 or older, or a married couple where one spouse is at least 65. The homestead must have been owned for at least two years and must not have state or federal tax liens. The bill also allows for resumption of eligibility if the household income drops back to $110,000 or less. The changes apply to applications for tax deferrals payable in 2026 and later.

Minnesota HF2086 modifies the senior citizens' property tax deferral program by changing income limits and other eligibility criteria.

Minnesota HF2086 amends the senior citizens' property tax deferral program by raising the maximum allowable household income from $96,000 to $110,000. The property must be owned and occupied by at least one person aged 65 or older, or a married couple where one spouse is at least 65. The homestead must have been owned for at least two years and must not have state or federal tax liens. The bill also allows for resumption of eligibility if the household income drops back to $110,000 or less. The changes apply to applications for tax deferrals payable in 2026 and later.