Bill > SF4262

This bill establishes a property tax task force in Minnesota with the primary goals of investigating ways to reduce property taxes on "homestead properties" (owner-occupied homes and the immediate surrounding land) and proposing legislative options for property tax relief, including at least one option that minimally impacts the state's general fund. The task force is mandated to consider various factors, such as the effectiveness of current tax relief programs like the homestead market value exclusion, compare property tax classification rates across different property types, and analyze trends in property tax burdens for homestead, commercial, industrial, and seasonal residential properties from 2015 to 2025. The task force will be composed of legislators, the commissioner of revenue or a designee, and representatives from county, city, and township associations, as well as assessing officers. The commissioner of revenue will chair the initial meeting, and the task force will operate with public meetings and provide a report with recommendations to the legislature by February 1, 2027, after which it will expire.

Budget and Finance, Government Affairs

https://www.revisor.mn.gov/bills/94/2026/0/SF/4262/