Veterans with disability market value exclusion modified.

HF 631 modifies Minnesota's property tax exclusion for veterans with service-connected disabilities. It increases the exclusion amount from $150,000 to $300,000 for veterans with a 100% permanent disability (certified by the VA), calculated as 1.5 times the statewide median homestead value. The bill also extends this $300,000 exclusion to a surviving spouse who owns the homestead, resides there permanently, and meets VA certification requirements after the veteran's death. To qualify, veterans or spouses must apply annually by December 31 and notify assessors of ownership or residency changes. This directly affects veterans with 100% disability, their surviving spouses, and primary family caregivers of eligible veterans.