1998-010267 - tear-off/re-roof - Laserfiche WebLink

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� ,. . . •y?-:n�;9s . � Tax Of Improvements � . Exemption From The PropertY Qe Or Older �Iade To Homes �� Years Of A�, •' Q information before completin� the application for exemption from the property taz of _�ead the follov�in, 'mprovements msde to homes �� years of a�e or older. ' ylr older homes. This law; commonl�� re:erre3 to � _ `.Jnnesota la«' eacourages prooem• o«�ers to restore or r..�o�at., th rovements m2de to homes 3� years or 'ihis Old House" exemots uom the proPzrt�'�-`� �1 or a por'�ion oi the value of imp :�e or old�r. �� ....... .......... ES.aF.PR�PERTY E�:iGIBLE�f3R.�E.E��iPTI,O�c : ...... ..... . : �� m��he iollowzng thre� critena: the properry must m....• a order to.be eli�oi.. for exemprion, T � rovemenu commezce. !. Property mu�be >> y�rs of age or older at the tirr.e .h.. �P ?. Property musc b e receivin�th�homzsead class,:ication. This includes PeO°,d and a�ricultural homest1zad.mR�at�%e (including dupleYes and tnpleYes) blind/paraPlz21� vz��'a.��sabled hom homest�s are �li�iole for the rYe:riacion. �I�p.000 or more but less� . The total mar '�cet value oi the propertti� mus be less �h=n S 1�0,000 �ris�=�yLlvalue of d buildings; a�riculturai: house/�ara�erl ac;e). In special circumst3nces, a pronem�'«z�a tota ualiiv for the e:cemotion. In these ins�nc�s.�'our assesso00`Ior moP do no�tqu��If��z exe.-npno� 5�00,000 ma� q . eligible for the e�emPtion. Properies with a total marke�value ohe�o�,ySjyad ciassification, any improvements ma�e �vour prooe:tz' is a condominium and��our li�•in� u;.it is i��:�1�� ualii�• for th� � ualiiv ror the e�emption. Improvemeacs to common areas ar o an`zllo�lon of the p op m q is a duples :,�the urut��ould q - or triples and it is recei�zn�the homescesd classi ficatior., i m p r o v e m e n t� m a � � � ad classifrcation. For , � from�':� ropz�'�-'-�• Ij `�°ur proper�� is used as a homestead aid fo lna��homest tial use,t he eYemp t.o n _Y,,;npnon P . . aoplies onlv to impro�o�'zAtus d boch or a res�dence o d `or�a buspness. the exempcion applies onl�� to the unprovemea.0 �;s.3mple, ii vour prop..:R 1 made to the omeste�d�d residential por.ion of��our proper�. _ h <; , .... .... ..._. .. .. .. , .... ., . ... ..::�'YPES Q�;I�IPFtO�'E�iE�TS:^�HOCO�or more to heOhouse�°a�a e of a proper[y' cla5sed as >' ' .... . . , - rove:nents ;:.......... :. .. pnlv improvernents that contrioute a minimum v ue ot , estead ducin�the�'ea.�of the improvemeat quatify ior the�f�Pt 0°tlPa h use and Q ra�e, res onnQ, remodeling or aom v house snd�ara�e- e�cpanston o such as additions to the e:tistin� � P of the e�cisting hous�, addicion of a porch or deck or coastruction of a ne�v garage. Please note that e area upgradin� qualifying ior constnic:ion of a�arage is limited to h00 sauare te c• . �. . . . ` . ;: `_ -:'FYPE�:flF I�IPROZ'F-�'YIE`�:f'S'i`HaT;DO:'�'OT QIJ�.LIE�.FQR EXE�IPTI�'�. rovements to the. ..: .::::.:.::...... . llation of a lawn sprinkler system, installation of a �I�norovements made to the site surroundin�the home do noc q��'for e�emption. Th:s includes suc imp site as: construction of a feace, construction of a drne� a., �,,vunming poot or tennis coun, landscaping of�e�°'��'�n rn down olydrazed: the original house is deemed to no If more than �0 percent of the square footaae of a house is to d anv subsequent improvements made to the remaining strui�for e�pdon d to constitute the constru.ctcon longer e:ast, an . . of a new house. ?�s a result the value oi an�' unprovemenu«'oul not qua rovements double the ori;inal size of the structure, an�' improvement that further increases t�ie If any combination of imp _ o uon. • .. .....:..::..:..,:.,:.;.;:.;:.::>�;::��>::��:::::>;»:>::>-:;M�:_�::-_:�:<:.�:: size of the structure w-iIl not qualify for Yemp .. . . . . ..... . .... .. . . : � ' ...��-UE lfl�1ITr1TIQ�S .... ' :. :. .::: ,..... ..... .:.... ..:: .. ,...... ;....... ve of the Qe but less T here is a limit.to.the dollar value of the improvement which mjay Houses t atare atll ast 3 Pyears of ao� prooerty. Houses that are less t han 3� y e a r s o f a�e d o n o t q u , 000. ouses 0 e ars are limited to one-half of the value of the imorovement f an4��o emenu ememipt d up to a m�-`��°f than 7 y . that are 70 years of ase or older are eli�ible to have the total value o Q of the house is based upon the number of years thac the qualifyzng residence has e'asted on i�s prese�ct 5�0,000. Zhe aDe site.