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<br /> � Exemption From The Property Tas Of Improvements
<br /> i�Iade To Homes �� Years Of Age Or Older
<br /> �ead the follow•in� information before completin� the application for exemption from tfie property taz of
<br /> :mprovements made to homes �� years of a�e or older.
<br /> �.�inn�sota la�;• eacoura�es prooer�y o«ners to restore or renovate their oldLe of im�ro�emeats mzde to homes �ytears oi
<br /> i nis Old House" exempu u om the prooect�'t��c a l l o r a p o r a o n o t t h e v a l .
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<br /> :n.order to be eligibi� for ese:nption, t�e proper�'mun me"t�� iollo�Ling thre� critena:
<br /> . Property mus:be 3� ve�rs of age or older at;he tirr.e the imProvemenu comrr'�ezc�.
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<br /> �. property must be receiving th�homesead class�ncation. This includes prooe:ry c'.assined as resideztial homest�
<br /> inc!uding dupleYes and tnpleYes) blind/paraPlz?ic vece:zn/disab1ed homestezd and a�ricul[ural homestead. Re1am•e
<br /> hoMen�s are �ligiole tor the eY�:nption.
<br /> ,. T'ne total markec value of the properry must be less than S 1`1�a�o�i5�3rk��ivalue f�I 01000 or more but less�n
<br /> hous�/�ara�e.'1 ac:�). Ln spectal circumst�nc..s, a propere�
<br /> 5300,000 may qualiiti�for the eYemocion. In thes� ir�st�nc�s, you I� OOSOQO`or mon do nottqualif;Jlfor the ex empao
<br /> eli�ibie ior the e�emption. Prooeries wzth a totzl mar�..t value o ,
<br /> �-vour roo�:�' is a condominium and��our li��in� u;.it is �'���`'�n°= L�n a eas are not�eliQ blet1If your prope:tv i atduplez
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<br /> � the unit��'ould qualirv ior the e�emotion. Improvemeats .o commo
<br /> �r tri les and it is r�:.�i�zn�th� homest�3d CI�SSIf1C3Ci0', imoroveme te d nd�forRa non-Ir�s dentialruse t�te esemoto��y
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<br /> ��e;npcion from t�:� �.���z�`�t=-l� Il �'our proper�� is us..d:s �homes
<br /> �the propert rece:vinQ the homestead classincztion. For
<br /> aopties onl�to improve:r•ents m.=d� ta t�:z resiCencial porien o: _
<br /> xample, ii your propert:v is used both ior a residence and�or a business, the exe:notcon applies onl}�to the iriprovemea:s
<br /> ade to th
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<br /> : ' > ; ...: ..�YPES�Q�I�.IPRO,VE�iE�TSf H00 �or more o th O ousHor.Q'ra�oP"FIOo.�� classed zs
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<br /> 0�� �p�ov�;nencs that contn�ute a minimum va1ue o ,
<br /> nomestead curing th�ye�of t�'z improvemeat qualify for the ese:ription fram the property tax. This inc.'-des imorove:nenu
<br /> such as additioas
<br /> to the e�cisting house snd garage. exPansion of the�xistir.a house and�3��"Please noterth�the areaf
<br /> uogra.din� of the eYisting hous�> addition oi a porch or deck or construction of a ne�v gara�
<br /> ' ' � ior construction of a gara�e is limited to 600 sauaze ieec. .._ . . :, .:::, ,...:......::.::...:....:.,:..;::;;::.:::;;;<:::.:::;.:::;::;::-::<;:::-:;;<��:;:
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<br /> .:.:.TYPES O�'Iy1PROL�°11E'�'T'S do noT DOi�0o QUmP o��R�udes s c� 'tmprovements to the:
<br /> �� •� � ������� �' t h e h o m e q l a t i o n o f a
<br /> Imorovements ma de to t h e s i t e s u r r o u n d i n� -
<br /> site as: construction of a feace, construcZon of a dr►ve«�a�',�clultural but din�SPri n k ler system, i n s t a l
<br /> s,�-imming pool or tenrus court, landscaoing of the grounds, _
<br /> If more than �0 percent of the square footage of a house is tor nldo S�ru��ae ons dered to�constitu e the�C°o nr�°n
<br /> longer e:cist, and any subsequent improvements made to the rema � ,
<br /> of a new house. �s a result the value of an}� improvemenc�w'ouid not qiulcru�eran`mmP ovement that further increases t�e
<br /> If any combination of improvements double the oriainal size of the st . .
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<br /> .There.is a limit.to the dolIar value of the improve�men�t w�hi u mriy HQ�ejT'�atar atil asta�Pye3rs of aDe but less
<br /> prooerty. Houses that are less than 3� years of a�e d q .
<br /> 000. Houses
<br /> than 70 years ase limited to one-half ot the value of the improvement up to a m`o emenu e�emlot d up to a ma-'��°�
<br /> that are 70 years of age or older are eligible to have the total value of any imp ' �
<br /> 5�0 000. Zhe age of the house is based upon the number of years th�c the qualif�zng residence has e:sisted on ics presest
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<br /> site.
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