Property tax refunds; targeting property tax refund expanded to cover homestead property tax increases that were greater than six percent.

This bill expands Minnesota's property tax refund program to provide additional relief for homeowners whose homestead property taxes increased by more than six percent compared to the previous year. Under the new rules, eligible homeowners would receive a refund equal to 60 percent of the tax increase, with a maximum refund amount raised from $1,000 to $2,500. The legislation requires homeowners to file a property tax refund return along with their current year's tax statement to claim the refund, and counties must provide electronic lists of potentially eligible taxpayers upon request. The changes apply to property taxes payable in 2026 and later years, affecting homeowners who meet the specified increase thresholds.