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� 7�tT!`1T:s�4 " Exemption From The Property �ax Of Improvements i�Iade To Homes �� Years f Age Or Older Read the following information before completin� the appli ation for exemption from the property taz of improvements made to homes 3� years of a�e or older. Vlinnesota law encourages property o�tners to restore or renovate thei older homes. This law, commonlv referred to as "This Old House" esempts from the propert��tax all or a portion of th value of improvemenu made to homes 3� years of a.�e or older. _ _ .... .:.:: .........`. .... ..<;......... 'TYPES.aF::PRQP�RTY;ELIG�BI�E; OR T�-iE E.�E�iPTIO�;.. ...,.... .:: ..... ::.:..-. _::: In order to be eligibie for exemption, the property must meet the follo -ing thre� criteria: 1. Property must be 3� years of age or older at the time the improve ents commence. 2. Property must be receiving the homestead classification. This inc udes property c:assined as residential homestead (including duplexes and triple�es) blind/paraplegic veteran/disabl d homestead and agncultural homestead. Rela�ve homesteads are eligible for the exe:nption. 3. The total market value of the propem� must be less t�zan �I�O,OG (residential: land and buildings; a�ricultural: house/�arage,�l acre). In special circumstances, a propem��vith total market value of�I�0,000 or more but less than �300,000 may qualify� for the eYemption. In these instances, you assessor�t�ill help you determine if your property is eligible for the e�emption. Properties w-ith a total market value o �300,000 or more do not qualify for the exemprion. If vour prope:t�� is a condominium and ��our li��in� unit is recei��ing [ e homestead c►assification, anv improvements made to the unit w�ould qualify for the e�emption. Improvements to commo areas are not eligible. If your property is a duplez or triplex and it is recei�zn�the homestead classification, improveme ts made to am� portion of the property qualify for the exemption from the propem�tati. If��our propert� is used as a home tead and for a non-residential use, the eYemption applies only to improvements made to the residential portion of the pr pem receivina the homestead cIassification. For esample, if your propert�� is used both ior a residence and for a busin ss, the exemption applies onl�� to the improvemenzs made to the homeste�ded residential portion of}�our propem�. .. . .. , . :: ''_ ;TYPES O�'::I��IPROVE�IEi�T5 TH�T QLF.� IFY;FOR THE'E,�E�iPTIO�i........: ;: .....:....:.. ...... . . . . . .. ..... .. . .... Only improvements that contribute a minimum value of�1,000 or m re to the house or garaQe of a propem• classed as homestead during the vear of the improvement qualif��for the esempt on from the property tax. This inc:udes improvements such as additions to the e�istin� house and �ara;e, espansion of the e �istinQ house and�ara�e, restoring, remodeling or upgrading of the eYisting house, addition of a porch or deck or const ction of a ne�v gara;e. Please note that the area qualifying ior construction of a�ara�e is limited to 600 square feet. , ._ . .. ,. . T'YPES OF Iy1PROS'£�tiIE:�TS THAT,DO.1'�'.....:.QU�LI�Y FUR EXE�IPTIQ�...::'........ _ ' .... ...._...... Improvements made to the site surrounding the home do nat qualif��f r exemption. This includes such improvements to the site as: construction of a feace, construction of a drive«�a��, installati n of a la«n sprinkler system, installation of a s�vimining pool or tennis court, landscapin� of the grounds, agricultu al buildings. If more than 50 percent of the square footage of a house is torn d wn or razed, the original house is dermed to no longer e�cist, and any subsequent unprovements made to the remainin structure are considered to eonstitute the construction of a new house. �s a result, the value of an�� improvements �vould n t qualify for exemption. � If any combination of improvements double the oriainal size of th structure, anv improvement that further increases the size of the structure will not qualify for e�emption. ,.: .. . , , ,: . V�L;:UE.;tiIN1ITA 4�S , ... _ ... .::.. . < .. ....... .... .... ...... . . ....... . .:.. . .., . ;: . ...,... . . There is a limit to the dollar value of the improvement which ma be exempted. The limit depends on the age of tbe property. Houses that are less than 3� years of a;e do not qualify�. Houses that are at least 3� years of ase but less than 70 years are !united to one-half of the value of the improvemen up to a ma�imum eYemption of�2�,000. Houses that are 70 years of ase or older are eli;ible to have the total value f any improvements e�empted up to a maYimum of 5�0,000. The aae of the house is based upon the number of years th t the quali�•ing residence has eYisted on its presenz site.