MN SF1014

Increases the homestead property tax exclusion for veterans with a 70 percent or more service-connected disability from $150,000 to $200,000 of market value.

Increases the homestead property tax exclusion for veterans with a total (100 percent) and permanent disability from $300,000 to $400,000 of market value.

Extends these increased exclusion amounts to surviving spouses of qualifying veterans who meet eligibility criteria under existing law provisions.

Applies to primary family caregivers of veterans who meet the disability criteria but do not own homestead property in Minnesota.

Effective beginning with assessment year 2024.