Minnesota SF4286 expands property tax refunds for homeowners facing significant tax increases.

Minnesota SF4286 amends the state's property tax refund program to provide additional refunds for homeowners whose property taxes increase by more than six percent. Homeowners can receive an additional refund equal to 60 percent of the increase, up to a maximum of $2,500. This refund is available for increases over six percent of the prior year's property taxes, provided the increase is $100 or more. The refund does not apply to increases due to improvements made after the assessment date for the prior year's taxes. The changes take effect for refunds based on taxes payable in 2026.

Minnesota SF4286 expands property tax refunds for homeowners facing significant tax increases.

Minnesota SF4286 amends the state's property tax refund program to provide additional refunds for homeowners whose property taxes increase by more than six percent. Homeowners can receive an additional refund equal to 60 percent of the increase, up to a maximum of $2,500. This refund is available for increases over six percent of the prior year's property taxes, provided the increase is $100 or more. The refund does not apply to increases due to improvements made after the assessment date for the prior year's taxes. The changes take effect for refunds based on taxes payable in 2026.