MN HF3725

Reduces the property tax increase threshold from 12 percent to 10 percent for homeowners to qualify for an additional property tax refund.

Doubles the maximum refund amount from $1,000 to $2,000 for homeowners experiencing qualifying property tax increases.

Maintains the requirement that the property tax increase must be $100 or more and that the refund equals 60 percent of the amount exceeding the 10 percent threshold.

Effective for property tax refund claims based on taxes payable in 2023 and thereafter.