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.?:'�`�9w . <br /> Exemption From The Property Tax Of Improvements <br /> , . �Iade To Hor�aes �� Years Of Age Or Older <br /> :ead the follow'in� information before completin� the application for exemption from the property taz of <br /> 'mprovements made to homes �� years of a�e or older. <br /> �i:_ruiesota la�;'encoura�es proverry o��ners to restore or reaov n o���°�ue of impro�emeats mzd to homes 3�vtears of <br /> �nis Oid House" exemots from the prooem�tax a11 or a poruo <br /> :�� or older <br /> . _. � ......... .....>... <br /> . .....::. .: .....:..: <br /> ' ... TYPES OF PRQPERTY E�:iGIBL`E F�R_T�E.EYE�iPTIO� <br /> ..:.:.:......... .... .. . <br /> .. . <br /> • order to be eli�iol� for esemprion, the proper;v must m��the follow-in�thre� critena: <br /> . Propem•must be 3� verrs of a.ge or olde:at the time th� imProvements commeace. <br /> . Property mus[be receiving th� homescead class�:ication. �sabted homestead and agnculcural home sead.mR�latiti-e <br /> (including dupleYes and tnpleYes)blind/paraplz?Ic vetr:an/ <br /> homesteads are �li�ible for the eYe:npaon. <br /> T'ne total mark�t value of the prope:�� must oe less tha-�n�l`�a�o�ism rk tivalue of S I 0.000 or more but less� <br /> house/gara�e.'1 acr�). Ln special c�re:utLs�ncrs, a proo , <br /> 5300,000 mav qualin•for the e�emotion. In these �S��value oi S OOS000`or moP do nottqua�lalifyifor the ex pmpao <br /> eligiole for the exemotion. Properies with a Lotal mar�..c <br /> �:vour prooe:c�' is a condominium and��our livin2 ur.it is ��"'`1�on a e s are not eiiQ bleL1If�our proQe:ty i atduplez <br /> ,�the unit«•ould qualiiv ior the etemotion. Improvemeats to co <br /> ^r triples and it is recei�ing the homestead classificatio', imoro�' este d and�forna non-ir�s dz tialruse the exempt on y <br /> �re;npcion from the ?rapzr���-�• Ii��our proper�� is us..d ..s a ho y <br /> ::�plies only to improve:r.ents :nad� to th� residencial porio10�busDne s� here�empcion a pl zssonl�to the imp ovemeazs <br /> �xampie, if your proper�' is used both �or a r..sidenc.. �nd �o <br /> -:ade to th., homesce�d�d residential porce- of}�our proper��. <br /> , " <br /> .:. . . _ . _ , � ..,.... ._..,_.. . <br /> : .... _TYPES�:Q�:I��IPROVE�IE�T5TH�.T;QL�IIFY:�'ORTHE.E,YE�iPTIO� ......: <br /> :::..... :.:...... . <br /> 000 or morz to the house or gara�e of a propem� classed as <br /> Only improvements that contribute a minimum value oi S 1, <br /> nomestead during the vear of the improvement qualif�r for�n of the e�stf r.�house and 3ra�e, re onno, rerriodePing o �� <br /> ;;�ch as additioas to the existin� house snd garage. expansto <br /> upgrading of the existing h�use, addition oi a porch or deck or construction of a ne�v garage. Please note that the azea <br /> qualifyin� ior consrucuon of a�ara�e is lim�ted to 600 sauare �e..t. <br /> - <br /> . _:.:. : <br /> . ... <br /> . ... .. , ....:.,. . ....... . . <br /> TY PES OF TtiiPRO;Z'E-�'�.IE�TS-TH aT D 0�OT,QU�LIFY�FQR,E.XE�•IPTIO�... � <br /> :;;;;:.::;.::;:..:.........::......:. <br /> Imorovements made to the site surrounding the home do noc qualtn�fon of a lawnns rinkler s,vstem,umstallat on of a��� <br /> site as: construction of a f zce, construction of a drive«ra}�, uis'allac�o P <br /> s�rimming pooi or tennis court, landscaping of the grounds, a�ricultural buildin�s. <br /> If more than �0 percent of the square footaDe of a house is torn down or razed; the ori�inal house is deemed to no <br /> longer e�cist, and any subsequent improvemenu madz to the remainin tst 21 fv for ex ptiori.d to constitute the corLstrucIIon <br /> of a uew house. �1s a resul� the value oi any improvements«'ould no q , <br /> If any combination of improvements double the oriainal size of the structure, an�' improvement that further increases t�e <br /> • ' not uali �for exemprion. . . :::, . <br /> v cture��711 q �Y <br /> � :.. ::,::;:;.;;,.,:::.�:;.,.::,;..:::,..,, <br /> siz of the .. .:. <br /> .:. , <br /> �: � �r�UEI:�� IIT�.TI��S ..... . .<:.:..... . ....... ..: . .:�...... .. .::, . .. ........ <br /> ...:.:. <br /> ,..... ..::.' . <br /> . : ':....... . ': ..:..... �� oe of t}ie <br /> I'here is a Iimit to the dollar value of the impro aae�o oh4�1�Y Houses thatar atlleast 3 P y e s of ape but less <br /> prooerty. Houses that are less than 3., years of � , . <br /> 000. Houses <br /> than 70 years are limited to one-half of the value of the e o�I`'value of any impro emenu ememlpt d up to�a ma�cimum of <br /> that are 70 years of aDe or older are eli;ible to have th <br /> 5�0,000. The age of the house is based upon the number of years that the qualify�ng residence has e:�sted on its preseut <br /> SILZ. <br />