MN SF615

Increases the property tax market value exclusion for veterans with a 70% or more 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

Applies to honorably discharged veterans whose disability is certified by the U.S. Department of Veterans Affairs

Surviving spouses of qualifying veterans may continue to receive the exclusion until they remarry or sell/transfer the property

Effective beginning with assessment year 2026