SF 3810
Introduction - 94th Legislature (2025 - 2026)
Posted on 02/24/2026 10:10 a.m.
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A bill for an act
relating to taxation; property; establishing a ten-year homestead property tax
exemption; amending Minnesota Statutes 2024, section 272.02, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 272.02, is amended by adding a subdivision
to read:
new text begin Subd. 109. new text end
new text begin Ten-year homestead exemption. new text end
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(a) Beginning with assessment year 2027,
and each assessment year thereafter, property classified as class 1a or 1b under section
273.13, subdivision 22, is exempt if:
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(1) the property was owned and occupied as a homestead by the same owner for at least
ten continuous years prior to the year an initial application is filed; and
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(2) there are no unpaid and delinquent property taxes or special assessments, including
penalties and interest, due at the time the application is filed.
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(b) Each taxpayer seeking an exemption under this subdivision must apply to the county
assessor. The commissioner of revenue must prescribe the application and the application
must include: (1) the name, address, and Social Security number or individual taxpayer
identification number of the owner or owners; (2) a copy of the property tax statement for
the current payable year for the homesteaded property; and (3) the initial year of ownership
and occupancy as a homestead. The assessor must verify that the property was owned and
used as a homestead by the same owner for at least ten continuous years prior to the year
the initial application is filed and that there exists no unpaid and delinquent property taxes
or special assessments, including penalties and interest, due at the time the application is
filed. The assessor may request additional information and documentation from the applicant
to determine eligibility for the exemption.
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(c) The exemption under this subdivision must be removed beginning with the next
assessment year if the owner sells, transfers, or otherwise disposes of the property, or the
owner no longer occupies the property as a homestead. The owner of the property must
notify the assessor within 30 days if there is a change in the ownership of the property or a
change in the use of the property as a permanent residence.
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new text begin EFFECTIVE DATE. new text end
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This section is effective beginning with assessment year 2027.
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