Minnesota SF185 increases homestead market value exclusions for veterans with disabilities and their families.

Minnesota SF185 amends the homestead property tax exclusion for veterans with disabilities. It increases the exclusion amounts for veterans with a disability rating of 70 percent or more to $250,000 and for total and permanent disability to $450,000. The bill also extends the exclusion to the primary family caregiver if the veteran does not own a homestead property. Surviving spouses can continue to benefit from the exclusion if they hold the legal title and reside on the property. The exclusion carries over if the veteran's spouse remarries or disposes of the property.

Minnesota SF185 increases homestead market value exclusions for veterans with disabilities and their families.

Minnesota SF185 amends the homestead property tax exclusion for veterans with disabilities. It increases the exclusion amounts for veterans with a disability rating of 70 percent or more to $250,000 and for total and permanent disability to $450,000. The bill also extends the exclusion to the primary family caregiver if the veteran does not own a homestead property. Surviving spouses can continue to benefit from the exclusion if they hold the legal title and reside on the property. The exclusion carries over if the veteran's spouse remarries or disposes of the property.