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MN HF3959
Bill
Status
3/5/2026
Primary Sponsor
John Huot
Click for details
AI Summary
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Lowers the threshold for the "targeting" property tax refund from 12% to 6%, allowing homeowners to claim refunds when their property taxes increase more than 6% year-over-year (previously required increases over 12%)
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Increases the maximum refund amount from $1,000 to $2,500
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Refund equals 60% of the tax increase exceeding the greater of 6% of prior year's taxes or $100, with a minimum qualifying increase of $100
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Excludes property tax increases resulting from improvements made to the homestead after the prior year's assessment date
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Effective beginning with refunds based on property taxes payable in 2026
Legislative Description
Property tax refunds; targeting property tax refund expanded to cover homestead property tax increases that were greater than six percent.
Last Action
Introduction and first reading, referred to Taxes
3/5/2026