Bill > SF3810

This bill establishes a ten-year homestead property tax exemption for certain residential properties in Minnesota, beginning with the assessment year 2027. To qualify, the property must have been owned and occupied as a homestead by the same owner for at least ten continuous years before an initial application is filed, and there must be no unpaid delinquent property taxes or special assessments, including penalties and interest, at the time of application. The bill outlines an application process where taxpayers must apply to the county assessor, providing information such as their name, address, Social Security number, a copy of their current property tax statement, and the initial year of ownership and occupancy. The assessor will verify eligibility, and the exemption will be removed if the owner sells, transfers, or otherwise disposes of the property, or no longer occupies it as a homestead, requiring the owner to notify the assessor within 30 days of such changes.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/3810/