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tion From The Property Tax Of Improvements
<br /> . Exemp
<br /> Made To Homes 35 Years Of Acre Or Older
<br /> -�esd the following information before completing the application for exemption from the property tax of
<br /> mprovements made to homes 35 years of ace or older.
<br /> s law,
<br /> only
<br /> '•''-mesota laN encourages property owners to restore or renovate their ovadlue of imoroer homes. ?emeats mad o homes 3�to
<br /> of
<br /> iris Old House" exempts Lom the propem tax all or a portion or e _
<br /> der. ,,,. _.•;A.' >. ......:, .:
<br /> -3e or of
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<br /> a..< .. �;�'YPES a PRO
<br /> PER3'Y E ��
<br /> _ girder to be eligible for exemption,the property must meet the following three criteria:
<br /> 1. Property must be 35 years of age or older at the time the improvements commence. hom ead
<br /> asest
<br /> ?.
<br /> Property mus be receiving the homestead class,fication. Thus includes
<br /> homestead and agricultural homestlead. R ative
<br /> P legit teran/disab
<br /> (including duplexes and triplexes)blind/paraplegic e
<br /> homesteads are eligible for the exemption. cultural:
<br /> The total market value of the property must be less than S150,00 0 (residential:tevalue of S b 0,000 or more but less*an
<br /> Q�'1 acre). In special circumstances, a propertti
<br /> houselgara=.: 11 help you
<br /> 6300,000 may qualify for the exemine if your property is
<br /> rnotion. In these instant value of S 00,000es,your �or more do nottqualify for the exemption_
<br /> eligible for the exemption. Properies with a total marl., on, any is made
<br /> vour property is a condominium and your lining unit �o cornrugnon a eas are not e homestead lig eligible. Ifyour property u as duplex
<br /> for the
<br /> :o the unit would qualify for the exemption. Improvements
<br /> triplex and it is receiving the homestead classification, improvements n and fade toor non-residentialtof
<br /> rope,thqualif tion
<br /> �r p
<br /> exemption from the r;operr�'t-'' If dour property is used as a omestea classification. For
<br /> the
<br /> applies only to improve:rents :Wade to the residential porion f the prope here;��p�on applies so 1�to the improvemeam
<br /> example, if your property is used both for a residence and.ora business.
<br /> made to the homesteaded residential porion of your propem' w�tis
<br /> .......,. ::......:.:::.:..,.:....::... _.
<br /> ......:.:.........:.. .
<br /> :....::......::..::: VENIEy classed as
<br /> iti:TST1ri :T..QIIkY ORTHE;E.�CE..... ...,.... .:
<br /> ge or
<br /> Only improvemoperty
<br /> ents that contribute a minimum value ofQ 1t0001em rionre to the house
<br /> from the property tax.oThis f a rincludes improvements
<br /> homestead duri:-ig the yeaz of the improvement qualify f P
<br /> Ouse
<br /> ! restoring
<br /> eniodeling
<br /> such as additions to the existing house and garage. expansion of the existing
<br /> Xi t on of a ne�angarage vPlease noterthat the area
<br /> upgrading of the existing house, addition of a porch or deckor constru
<br /> • aQe is limited to h0
<br /> 0 square feet.
<br /> qualtfsnng for construction I w:
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<br /> E 'TSTHS.T;DO;iti:Q:..:::Q............. :.
<br /> , This
<br /> to the
<br /> for< .✓a ax ,.... >.......
<br /> Improvements made to the site surrounding the home do not Qins aillation of exemption.�n sprinkler sincystem installationdes such ofa�
<br /> site as: construction of a fence, construction of a drivewra., ricultural buildings.
<br /> swimming pool or tennis court, landscaping of the grounds,ag
<br /> If more than 50 percent of the square footacre of a house i torn dos tu�re aae cons
<br /> t constitute the cthe original house is deemed onstruction nnstru�ctio
<br /> longer exist,and any subsequent improvements made to the remaining
<br /> of a new house. As a result,the value of any improvements would not qualiruTeran`improvement that further increases the
<br /> If any combination of improvements double the original size of the strut P
<br /> will not qualify for exemption. _ �x<•. „ � h
<br /> e of the structure q ,�...,�:«:�>„�•-.. ::, .:�.•:. �•, ,�«.�:� ..
<br /> size
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<br /> y.;u;x?gtikuymeiC:aM. ii <$%::>::;^:"as{•:SiS<%sR'tx::ti:' limit
<br /> There is a limit to the dollar value of the improvement which may be exempted.
<br /> at least 35 years of ace ut less
<br /> property. Houses that are less than 3� years of acre do not Qualify. Houses
<br /> _ exemp00a Houses
<br /> drinum
<br /> than 70 years are limited to one-half of the value of the improvementtotalague of any improvements exempted up to a maximum of
<br /> that are 70 years of age or older are eligible to have the total vat
<br /> S50,000. The acre of the house is based upon the number of years that the qualifying residence has existed on its present
<br /> site.
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