MN HF2587

Allows special agricultural homestead classification for properties in Marshall County where owners abandoned dwellings due to March 2009 floods, if the property meets specific criteria including at least 40 acres, active farming by a qualifying family member, and Minnesota residency.

Permits owners to maintain homestead classification on agricultural land even if the primary dwelling is relocated up to 50 miles away, provided the dwelling remains within Minnesota and other requirements are met.

Requires owners to notify the county assessor of the relocation due to the 2009 floods and provide necessary information for verification; further notifications are not required if property continues to meet all requirements.

Applies similar flood-related exemptions to properties in other Minnesota counties affected by specific disasters: April 1997 floods (Polk, Clay, Kittson, Marshall, Norman, Wilkin counties), March 29, 1998 tornado (Blue Earth, Brown, Cottonwood, LeSueur, Nicollet, Nobles, Rice counties), and August 2007 floods (Dodge, Fillmore, Houston, Olmsted, Steele, Wabasha, Winona counties).

Effective for assessment years 2010 and 2011, for taxes payable in 2011 and 2012.