MN HF3657

Establishes a property tax task force to investigate ways to reduce property taxes on homestead properties and develop legislative options for relief, including at least one option with minimal general fund impact.

Task force membership includes 11 members: two state representatives, two state senators, the commissioner of revenue (or designee), and appointees from the Association of Minnesota Counties (2), League of Minnesota Cities (2), Minnesota Association of Townships (1), and Minnesota Association of Assessing Officers (1).

Required considerations include evaluating the effectiveness of the homestead market value exclusion in 2011 versus 2025, comparing property tax classification rates across property types, and analyzing trends in property tax shares from 2015 through 2025.

Report with advisory recommendations must be submitted to legislative committees with jurisdiction over property taxes by February 1, 2027; the task force expires upon report submission.

Effective the day following final enactment; members serve without compensation and the Department of Revenue provides administrative support.