Bill > HF2315

This bill modifies the Minnesota Additional Property Tax Refund program by making several key changes to help homeowners with significant property tax increases. Currently, homeowners can receive a refund if their property taxes increase by more than 12 percent over the prior year, but the bill lowers this threshold to six percent, making it easier for homeowners to qualify. The bill also increases the maximum refund amount from $1,000 to $2,500, providing more financial relief to property owners experiencing substantial tax increases. The additional refund is calculated as 60 percent of the tax increase beyond either six percent of the prior year's taxes or $100, whichever is greater. The bill explicitly excludes tax increases resulting from property improvements and requires homeowners to submit documentation like their property tax statement when claiming the refund. County officials are also required to assist by providing electronic lists of potentially eligible taxpayers. These changes are set to take effect for property taxes payable after December 31, 2025, giving homeowners potentially significant additional support in managing rising property tax costs.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2315&ssn=0&y=2025