Minneslate Logo

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 from Minnesota focuses on reforming various aspects related to property taxation. The key changes proposed in the bill include:

  1. Consolidation of Property Tax Classifications: This simplifies the existing categories of properties for taxation purposes.
  2. Modification of Classification Rates: This adjusts the tax rates for different classifications or categories of properties.
  3. Change in Referendum Market Value Definition: The bill modifies which properties are included in the calculation of referendum market values (used for certain tax policies), notably excluding some property classes while detailing what constitutes the market value for others.
  4. Elimination of State General Levy on Certain Properties: The bill proposes to remove the state general tax levy on seasonal residential recreational properties.
  5. Replacement of Tax Classifications: The bill eliminates the specific property tax classifications for blind and disabled individuals and replaces them with a tax refund system.
  6. Repeal of Specific Tax Laws: Certain existing property tax laws, such as those concerning aggregate resource preservation, are proposed to be repealed.
  7. Technical Amendments: Various sections of the Minnesota Statutes are being amended to reflect these changes, ensuring the law remains consistent with the new classifications and rules.

Overall, this bill aims to refine the property tax system in Minnesota, potentially affecting property taxation levels, the tax liabilities of different property owners, and the administrative procedures of property taxing.

Bill text versions

Actions

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

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [
        "Excludes property classified under section 273.13, subdivision 35 for referendum purposes."
      ],
      "summary": "This bill modifies the definition of referendum market value under section 126C.01, subdivision 3.",
      "modified": [
        "Adjusts inclusion of class 1a, 1b, or 2a properties based on their classifications for referendum market value calculations."
      ]
    },
    "citation": "126C.01",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [
        "Eliminates some classifications previously listed under subdivision 35."
      ],
      "summary": "This legislation affects property tax classifications under section 273.13, subdivisions 1 and 35.",
      "modified": [
        "Adjusts the classification rate and its application to referendum market value calculations."
      ]
    },
    "citation": "273.13",
    "subdivision": "subdivisions 1, 35"
  }
]

Sponsors