Bill > HF684

This bill increases the property tax market value exclusion for veterans with service-connected disabilities and their families. Specifically, for veterans with a disability rating of 70 percent or more, the market value exclusion increases from $150,000 to $165,000, and for veterans with a total (100 percent) and permanent disability, the exclusion increases from $300,000 to $330,000. To qualify, veterans must have been honorably discharged and have a service-connected disability certified by the U.S. Department of Veterans Affairs. The bill also preserves existing provisions that allow a qualifying veteran's spouse to continue receiving the tax benefit after the veteran's death, provided they remain in the homestead and do not remarry. Additionally, if a veteran does not own a homestead in Minnesota, their primary family caregiver may be eligible for the exclusion. The purpose of this provision is to provide property tax relief to veterans with disabilities, their caregivers, and surviving spouses as a way of supporting those who have served and sacrificed for the country. The changes will be effective for property taxes payable in 2026.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0684&ssn=0&y=2025