Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
HF3535 • 2026
Ten-year homestead property tax exemption established.
Ten-year homestead property tax exemption established.
Taxes
Passed Legislature
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Bill History
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2026-02-23
House
Author added Lawrence
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2026-02-19
House
Introduction and first reading, referred to Taxes
Official Summary Text
Ten-year homestead property tax exemption established.
Current Bill Text
Read the full stored bill text
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 new text begin (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: new text end new text begin (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 new text end new text begin (2) there are no unpaid and delinquent property taxes or special assessments, including penalties and interest, due at the time the application is filed. new text end new text begin (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. new text end new text begin (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. new text end new text begin EFFECTIVE DATE. new text end new text begin This section is effective beginning with assessment year 2027. new text end