Property tax; tier limits modified for homestead resort properties.

HF 1829 modifies Minnesota's property tax rules for a specific type of resort property called "homestead resort properties." It affects owners of properties that qualify as both recreational resorts (with 3+ rental units, seasonal use, and recreational services) and homesteads (where the owner or a family member lives there). The bill changes how these properties are taxed by adjusting the tier limits: the first $500,000 of value would be taxed at a lower rate, while higher value portions would follow different rules. This amendment applies to properties abutting water or state trails that meet all the specified criteria for seasonal rental and homestead use.