MN HF51

Changes the disabled veteran homestead property tax exclusion from a fixed $150,000 amount to a formula equal to $300,000 times the disability rating percentage.

Eliminates the separate $300,000 exclusion for 100 percent disabled veterans, consolidating all exclusions under the new percentage-based formula.

Requires annual reapplication to the assessor by July 1 each year, except for properties with 100 percent permanent disability ratings that continue under the same ownership.

Extends the surviving spouse exclusion to 8 additional years after the veteran's death if the spouse holds title and permanently resides at the homestead, or until remarriage or property sale.

Effective for taxes payable beginning in 2018.