Establishes a senior citizens' property tax credit in Minnesota for eligible retirees.

Minnesota SF1473 establishes a property tax credit for senior citizens. Eligible retirees aged 65 or older, or married couples where at least one spouse is 65 or older and the other is 62 or older, can apply for the credit. The credit applies to owner-occupied homesteads and is calculated based on the difference between the net tax on the property and the median market value of similar properties. The bill also outlines the process for applying for the credit, including filing an application with the county auditor by July 1 of the assessment year.

Establishes a senior citizens' property tax credit in Minnesota for eligible retirees.

Minnesota SF1473 establishes a property tax credit for senior citizens. Eligible retirees aged 65 or older, or married couples where at least one spouse is 65 or older and the other is 62 or older, can apply for the credit. The credit applies to owner-occupied homesteads and is calculated based on the difference between the net tax on the property and the median market value of similar properties. The bill also outlines the process for applying for the credit, including filing an application with the county auditor by July 1 of the assessment year.