Minnesota SF3810 establishes a ten-year homestead property tax exemption for eligible homeowners.

Minnesota SF3810 amends state law to create a ten-year homestead property tax exemption for homeowners who have owned and occupied their property for at least ten continuous years and have no unpaid taxes or special assessments. To qualify, applicants must submit an application to the county assessor, including personal information and property tax statements. The exemption will be revoked if the property is sold or if the owner ceases to occupy it as a homestead. The exemption takes effect starting with the assessment year 2027.

Minnesota SF3810 establishes a ten-year homestead property tax exemption for eligible homeowners.

Minnesota SF3810 amends state law to create a ten-year homestead property tax exemption for homeowners who have owned and occupied their property for at least ten continuous years and have no unpaid taxes or special assessments. To qualify, applicants must submit an application to the county assessor, including personal information and property tax statements. The exemption will be revoked if the property is sold or if the owner ceases to occupy it as a homestead. The exemption takes effect starting with the assessment year 2027.