Requirements for the senior citizens' property tax deferral program modified.

HF 2086 modifies Minnesota's senior citizens' property tax deferral program by raising the annual household income limit from $96,000 to $110,000 for eligibility. It affects seniors aged 65+ (or 62+ for spouses) who own and occupy their homes as primary residences. The bill updates income verification rules, requiring homeowners who exceed the new limit to notify the state by July 1, and clarifies that eligibility resumes if income later drops to $110,000 or below. These changes apply to applications for property taxes payable in 2026 and later.