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HF149 (Legislative Session 94 (2025-2026))

Property tax classifications consolidated, classification rates modified, definition of referendum market value modified, state general levy on seasonal residential recreational property eliminated, blind and disabled property tax classification eliminated and replaced with a refund, and conforming technical changes made.

AI Generated Summary

This legislative bill, introduced in the Minnesota House of Representatives, aims to simplify and reform property taxation. Key aspects include:

  • Consolidating property tax classifications to reduce complexity.
  • Modifying the tax rates associated with different property classifications.
  • Changing the definition of referendum market value to exclude certain property types while including the house, garage, and surrounding one acre of agricultural homesteads.
  • Eliminating the state general tax on seasonal residential recreational properties.
  • Phasing out the specific property tax classification for blind and disabled individuals and replacing it with a tax refund arrangement.
  • Abolishing the property tax law related to aggregate resource preservation.
  • Making several technical adjustments to align with the changes in the law.

In essence, the bill proposes significant restructuring of how property is taxed in Minnesota, aiming to make the system more streamlined and perhaps more equitable. Changes include recalculating how market values are determined for tax purposes, removing some tax burdens, and ensuring that adjustments are made to support the new framework.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 09, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "A provision for calculating referendum market value based on property class classification rates."
      ],
      "removed": [
        "None explicitly mentioned, only amendment details to existing classifications."
      ],
      "summary": "Amends the definition of referendum market value in section 126C.01, subdivision 3, as it relates to classifications of property under section 273.13.",
      "modified": [
        "Existing definition of referendum market value to incorporate classification changes brought by new class definitions under section 273.13."
      ]
    },
    "citation": "273.13"
  }
]

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