MN HF3608

Excludes accessory dwelling unit values when calculating the homestead market value exclusion for property tax purposes

Applies to residential homestead properties (class 1a, 1b), agricultural homesteads (class 2a house, garage, and one acre), and qualifying low-income rental housing (class 4d(2))

Defines "accessory dwelling unit" as a secondary dwelling within, attached to, or in a detached building on the same parcel as the principal homestead

Maintains existing exclusion formula: 40% for homesteads valued at $95,000 or less, phasing out completely at $517,200

Effective beginning with assessment year 2027