MN SF3810

Creates a full property tax exemption for class 1a and 1b homestead properties beginning with assessment year 2027, requiring the same owner to have owned and occupied the property as a homestead for at least 10 continuous years

Applicants must have no unpaid or delinquent property taxes, special assessments, penalties, or interest at the time of application

Applications must be submitted to the county assessor and include owner identification (Social Security number or ITIN), current property tax statement, and documentation of initial homestead ownership year

Exemption is removed in the next assessment year if the owner sells, transfers, or disposes of the property, or no longer occupies it as a homestead

Property owners must notify the assessor within 30 days of any change in ownership or residential use