MN HF3763

Amends Minnesota Statutes 2008, section 273.13, subdivision 22 to extend and clarify homestead resort property classification requirements.

Creates Class 1c property classification for residential resort property abutting public water that limits commercial use to 250 days per year and includes dwelling units occupied as homesteads by owners or shareholders.

Sets tiered tax rates for Class 1c property: tier I at 0.50 percent, tier II at 1.0 percent, and tier III at 1.25 percent, based on market value thresholds of $600,000 and $1,700,000.

Expands Class 1b homestead classification to include surviving spouses of permanently and totally disabled veterans who homesteaded property classified under this category for taxes payable in 2008.

Creates Class 1d classification for seasonal farm worker housing structures located on agricultural property that meet health and safety requirements and are not saleable as residential property.

Effective for taxes levied in 2010, payable in 2011, and thereafter.