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.

HF 149 consolidates Minnesota's property tax classification system, reducing multiple categories into fewer, simpler groups. It eliminates the state general levy on seasonal recreational properties (like lake cabins) and replaces the "blind and disabled" property tax classification with a refund program for qualifying individuals. The bill also modifies how "referendum market value" is calculated for tax purposes and makes technical updates to related statutes, including provisions affecting community land trusts. These changes take effect for property taxes payable in 2027.