Homestead market value exclusion amounts to veterans with a disability modification

SF 185 increases property tax relief for Minnesota veterans with service-connected disabilities. It raises the homestead market value exclusion from $150,000 to $250,000 for veterans with a 70% or higher disability rating, and from $300,000 to $450,000 for veterans with a total (100%) permanent disability. The bill also allows surviving spouses of qualifying veterans to continue receiving the higher exclusion amount ($450,000) if they reside in the home and meet specific conditions. Primary family caregivers approved by the VA may also qualify for the exclusion on the veteran's homestead. This policy directly affects veterans, their spouses, and designated caregivers who own qualifying property in Minnesota.