MN HF3690

Modifies Minnesota property tax refund schedule for homeowners by adjusting household income thresholds and maximum state refund amounts across all income brackets.

Increases the percent of income that claimants must pay for property taxes before receiving state refunds, ranging from 15 percent to 50 percent depending on household income level.

Reduces maximum state refund amounts for most income brackets, with reductions ranging from $50 to $1,360 per household.

Raises the household income eligibility cap from $77,520 to $58,500, reducing the number of homeowners eligible for property tax refunds.

Establishes annual inflation adjustments for income thresholds and maximum refunds beginning in calendar year 2002, with amounts rounded to the nearest $10, effective for property tax refunds payable in 2011 and thereafter.