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Tn,os. ` � � .
<br /> - � � . Exemption From The Properiy Tas Of Improvements
<br /> �Iade To Homes 3� Years Of Age Or Older .
<br /> �d the follow'ing information before compietin� the application for exemption from the property taz of
<br /> :provements made to homes �� years of a�e or older.
<br /> _-jnesota la�r�acour�es proo�r:y o«��rs to restor� or reao�•at�their old�r hom�s. This la«; cor,�orly re:ern•,3 to 2s
<br /> use" exemocs uom th�pr°PzR`'�-'��1 or a por'�ion oi the val�e of imoro�'emencs rr��e to homes 3� ye�rs QI_
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<br /> N�,�'�""""..."' es m�:the;ollo�r-ing thre�crite�a'
<br /> ;;der to Vbe,eliQibt��or eYemotion, the propery m �
<br /> , propert�mus be 3� ye�rs of z.g� or older at the cirr.e th�irr►Provemenu comrne:►c=.
<br /> . Pro �rtv mus be receiving th�homzse-d class,:�cation. This includes proo�:ty c'•assine3 as residraaal hoc�►iest',�d
<br /> P le�ic vece:asz/disabled homestead and a�`ricultural homest�d. Relatime
<br /> (including duplexes z.nd tripleses)blind/parap
<br /> honesc�ds ar��ligiote for the �Ye:nption.
<br /> . Tne tocal mzrke��alue oc�.proper�• mus be less than 51�0,
<br /> 000 (resideatial: land and buildin¢s; a�ricultural:
<br /> house/�ara=:'1 ac►=). In sPecial c:rcumstr.nces, a properr4�;1tE�a total market value of S I�0,000 or more but less t�..0
<br /> � 0 000 rnz�'qualiiti for Lhe eYenotion. In these inscances,your assessor«zIl h�Ip yon determine if your gropem•is
<br /> 5�0 , .
<br /> eli iole ior the exe:nption. Prooeries��ith a total markec value of S300,000 or more do not qualify for� e���P�v
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<br /> �vour prooe:�' is a zondominium ar:d�'o�r li�znz ur.it is r......•�1ng li`�e ho�n�st��d ci.ssi c...tion, an. �� 2 duplex
<br /> :�3��4e unit��'oulc�ualiiy ior u5e etiemotion. Improvemeats co common areas arz noc eliQible. If your prope• ualiiy for th�
<br /> ' es an� it is re��i�zn�li��ho�estesd classification, imorovemenu m2d a fo?r a non-Ir�s d ntialruse;the ese:,zot;on
<br /> or tripl
<br /> �x�;r►pcion from►�:e Y.oFzm"�'—`• Ii �'our propen is Lsed s a homestead an
<br /> "the oroperc� receivinQ the honestead ci�si�iczTion. For
<br /> spolies only to imorove:r'.enL .'�d� t°t�:�rzsidencial poriez o;
<br /> �,�...z.�Pie, ii voL; p,-op�;c�•is used both;or a residence and:or a busin�ss; the exempcion applies onl�to the imorovemea*s
<br /> ;,iade to th�homes:e���d residencial por.ion of}•our proper�'•
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<br /> OnlyM1improve;nents th.zt contribute a minimum value of S 1`OOO,e� �ontfrom the propemr tax.oThisrincludes im°ove�=nts
<br /> nomes�ezd cun-zg th��eaz of the improvemeat qualiz;v for r► p •
<br /> -uch as z.dditions to the e:sisun�house 3nd garage, ex�ansion of thV V`IS`IP�31OuSe and�ara��: restorin�, remodeiing or
<br /> ' � house, addicion oi a porch or deck or construction of a ne�v garag�. Please note that the area
<br /> u�gradin� ol the e�ciscing
<br /> ualiivin�ior construction of a�a.ra�e is limite3 to �i00 souare ieec. �1�;��.:`..V�}���.
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<br /> <. 4 ks ' Y k � • � rovements to t�
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<br /> Tmprove:nents rnad�to the site surrounding che home do�o�q��llatiocc of la n spn'r►kler system,uc sta lation of a
<br /> site as: constniction of a fe:.ce, construcZ on of a d.nve� -' ricultura.l buildin�s. �
<br /> s��,inunin�pool or tennis court, landscaoin�of the grounds,2g
<br /> If more ihan�0 percent of the square footaDe of a hous eis torn do 5���aze Considered oocosnstitu e t�'�oo II��O11
<br /> longer e:cist, znd�n�subs�Lenc in�provemenu made to th.,r..main�n� .
<br /> of a new house. ?s a result the value of an}'improvemencs ti�•ould not qu�ru=eran`mrPP°�II ement that furcher in�r�s��
<br /> If any combination of improvements double the oriainal size of the st . . «
<br /> for eYemprion. �=""
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<br /> •�?here is a Iimit to the dollar value of thevimprovement which may be exempted. P oe but less
<br /> rooetty. Houses that are less than 3� years of a�e do not quzlii�ntHOLo a m inum�se ptio❑of S2�000. Houses
<br /> P .
<br /> thsn 70 years a.s'e 1L-r.ited to one-half os tne value of the unoroveme p
<br /> 70 ears of age or older are eligible to have the total wa.lue of any improvem eQ�dence has e sted on i p��
<br /> that are y
<br /> 5�0,000. The aaz of the house is base d upon t he num ber o f�•e a r s t h�c t h e q u a l i ,z n�r..s i
<br /> site.
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