MN HF194

Increases the property tax market value exclusion for veterans with a 70% or greater service-connected disability from $150,000 to $200,000

Increases the market value exclusion for veterans with a total (100%) and permanent disability from $300,000 to $400,000

Applies to homestead property owned by qualifying veterans who were honorably discharged from the U.S. armed forces, as certified by the U.S. Department of Veterans Affairs

Exclusion benefits can transfer to surviving spouses and also apply to primary family caregivers of eligible veterans who do not own a Minnesota homestead

Effective beginning with assessment year 2025