MN HF4396

Increases the property tax market value exclusion for totally and permanently disabled veterans (100 percent disability rating) from $300,000 to $400,000.

Maintains the $150,000 exclusion for veterans with a 70 percent or higher service-connected disability rating.

Applies to homestead properties owned by qualifying veterans who have been honorably discharged from the U.S. armed forces.

Extends the increased exclusion benefit to surviving spouses of qualifying disabled veterans under existing carryover provisions.

Effective beginning with assessment year 2023.