Minnesota HF3535 establishes a ten-year homestead property tax exemption for eligible homeowners.

Minnesota HF3535 amends state statutes to create a ten-year homestead property tax exemption for property owners. To qualify, the property must be owned and occupied as a homestead for at least ten continuous years, and there must be no unpaid or delinquent property taxes or special assessments at the time of application. The exemption begins with the 2027 assessment year and applies to property classified as class 1a or 1b. The owner must notify the assessor of any changes in ownership or use of the property as a permanent residence.

Minnesota HF3535 establishes a ten-year homestead property tax exemption for eligible homeowners.

Minnesota HF3535 amends state statutes to create a ten-year homestead property tax exemption for property owners. To qualify, the property must be owned and occupied as a homestead for at least ten continuous years, and there must be no unpaid or delinquent property taxes or special assessments at the time of application. The exemption begins with the 2027 assessment year and applies to property classified as class 1a or 1b. The owner must notify the assessor of any changes in ownership or use of the property as a permanent residence.