MN SF262

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

Surviving spouses of qualifying veterans and service members who died from service-connected causes remain eligible for the exclusion benefits

Primary family caregivers of qualifying veterans who do not own a Minnesota homestead may receive the exclusion on their own homestead

Effective beginning with assessment year 2025