Bill > SF2772

This bill modifies the requirements for special agricultural homestead property tax classification in Minnesota, primarily focusing on how agricultural land can be classified as a homestead. The bill adjusts several key provisions, including expanding where an agricultural property owner can reside in relation to their land - now allowing them to live within the county where the agricultural property is located or in an adjacent county, instead of the previous more restrictive four-township limitation. The bill maintains that to qualify, the agricultural property must consist of at least 40 acres, and the owner or a qualifying family member (such as a spouse, child, grandchild, sibling, or parent) must be actively farming the land. Additionally, the owner and the person farming the land must be Minnesota residents, and neither can claim another agricultural homestead in the state. The bill also streamlines the application process by allowing a simplified one-page renewal application in subsequent years if no significant changes have occurred in the property's operation or ownership. These changes aim to provide more flexibility for agricultural landowners while maintaining the core intent of the special agricultural homestead classification. The modifications will become effective for the 2026 assessment year.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2772&ssn=0&y=2025