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MN SF3192

Bill

Official Source

Status

Introduced

2/17/2022

Primary Sponsor

Ann Rest

Click for details

Origin

Senate

92nd Legislature 2021-2022

AI Summary

  • Increases the homestead market value exclusion threshold from $76,000 to $80,300 for properties receiving the maximum 40 percent exclusion
  • Raises the upper threshold for partial exclusion eligibility from $413,800 to $437,100
  • Adjusts the partial exclusion calculation from $30,400 to $32,120 minus nine percent of valuation over the lower threshold
  • Applies effective for assessment year 2023 and thereafter
  • Amends Minnesota Statutes 2020, section 273.13, subdivision 35

Legislative Description

Homestead market value exclusion modification

Last Action

Author added Putnam

4/28/2022

Committee Referrals

Taxes2/17/2022

Full Bill Text

No bill text available