Bill
Bill > HF149
MN HF149
MN HF149Property tax classifications consolidated, classification rates modified, definition of referendum market value modified, state general levy on seasonal residential recreational property eliminated, blind and disabled property tax classification eliminated and replaced with a refund, and conforming technical changes made.
summary
Introduced
02/10/2025
02/10/2025
In Committee
02/10/2025
02/10/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to taxation; property; consolidating property tax classifications; modifying classification rates; modifying the definition of referendum market value; eliminating the state general levy on seasonal residential recreational property; eliminating the blind and disabled property tax classification and replacing it with a refund; repealing the aggregate resource preservation property tax law; making conforming technical changes; amending Minnesota Statutes 2024, sections 123A.455, subdivision 1; 126C.01, subdivision 3; 216I.21, subdivision 4; 271.21, subdivision 2; 273.11, subdivisions 12, 13; 273.1115, subdivisions 1, 2, 3; 273.1231, subdivision 4; 273.124, subdivisions 1, 3a, 17; 273.13, subdivisions 22, 23, 24, 25, 31, 35; 273.165, subdivision 2; 273.42, subdivision 2; 275.025, subdivisions 1, 4; 276A.01, subdivision 4; 278.03, subdivision 1; 278.05, subdivision 5; 279.01, subdivisions 1, 3; 279.37, subdivision 1; 290.0694, subdivision 1; 290A.03, subdivisions 6, 13; 290A.04, subdivision 2h, by adding a subdivision; 428A.01, subdivision 7; 473F.02, subdivision 4; 507.235, subdivision 1; 580.23, subdivision 2; repealing Minnesota Statutes 2024, sections 273.1315, subdivisions 1, 2; 273.1319; 275.025, subdivision 3; 279.01, subdivision 4; 327C.015, subdivision 2; 327C.16.
AI Summary
This bill proposes comprehensive changes to Minnesota's property tax classification system, primarily focusing on simplifying and consolidating property tax classifications. The bill streamlines property classifications by eliminating the separate class 1a, 1b, and 2a categories and replacing them with a single class 1 classification for residential properties. Key changes include removing the specific classification for properties owned by blind or disabled individuals, modifying how agricultural and residential properties are classified, and adjusting tax rates for different types of property. The bill also introduces modifications to how property taxes are calculated, including changes to market value exclusions, tax rates, and refund mechanisms. Notably, the bill eliminates the state general levy on seasonal residential recreational property and makes several technical adjustments to align with the new classification system. Most of these changes will become effective for property taxes payable in 2027, giving local governments and property owners time to adapt to the new classification structure. The bill aims to simplify the property tax system, potentially making it more straightforward for property owners and local assessors to determine property classifications and tax obligations.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduction and first reading, referred to Taxes (on 02/10/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0149&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF149&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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