MN HF5210

Amends Minnesota Statutes section 273.13, subdivision 22, to modify the Class 1c property tax classification for resort and recreational properties.

Changes the geographic scope requirement from "township county" to "county" for properties owned by the same owner that qualify for Class 1c designation.

Maintains the three-tiered classification system for Class 1c property: tier I at 0.50 percent ($600,000 market value), tier II at 1.0 percent ($1,700,000 market value), and tier III at 1.25 percent (remaining market value).

Requires Class 1c properties to abut public water or state trails, contain three or more rental units, be used for temporary and seasonal residential occupancy for recreational purposes for no more than 250 days annually, and include a homestead portion for the owner.

Effective beginning with assessment year 2025.