Disabled Veteran Homestead Valuation Exemption

State

Minnesota

Year

2017

Variations in Receipt of Benefit

Other Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

Qualified veterans, surviving spouses, and primary family caregivers are eligible for an exclusion up to $300,000 of the value of their home. Veterans with a disability rating of at least 70% receive a $150,000 exemption, while those with a total (100%) and permanent disability rating receive a $300,000 exemption. Surviving spouses of veterans with total and permanent disability or of soldiers who died in active service receive a $300,000 exemption for up to 8 years. Primary family caregivers receive benefit according to disability rating of veteran receiving assistance. The applicant must apply by 1 July to receive the exclusion for the taxes payable in the following year. Surviving spouses of service members may apply for the exclusion within two years of the veteran's death or by 1 June 2019, whichever is later. Application forms are available from the county assessor's office.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Residential property used as the primary residence of an eligible veteran qualifies for this program. If the property is an agricultural homestead, only the residence, garage, and surrounding 1 acre of land are eligible for the reduction in assessed value.

Eligibility Criteria

Disability

Homeowner

Principal Residence

Veteran

Surviving Spouse

Description of Eligibility Criteria

To qualify, the veteran must have been honorably discharged from the U.S. armed forces and must be certified by the U.S. Veterans Administration as having a service-connected disability with a disability rating of 70% or more. Surviving spouses of 100% permanently and totally disabled veterans may be eligible to continue receiving the exclusion in the year of the veteran's death and for 8 subsequent years thereafter, or until the surviving spouse remarries, sells, transfers, or otherwise disposes of the property. Primary caregivers of a disabled veteran qualify for the exclusion if they meet the following requirements: (1) They are a primary family caregiver approved by the US Department of Veterans Affairs (2) They are the primary Family Caregiver for an honorably discharged veteran with a service connected disability of 70% or more (3) They own a homestead property

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Record ID

MN106_RR17

Footnotes

Properties that qualify for the disabled veterans homestead valuation exclusion do not receive the market value homestead credit nor the preferential classification (1b) generally available on the first $50,000 of market value on homesteads owned by persons who are blind or disabled. Homeowners receiving the valuation exclusion will continue to be eligible for the property tax refund program, although it is likely that they would qualify for a significantly smaller refund because their property taxes would be so much lower due to the exclusion.

Sources

Minn. Stat. §273.13 subd. 34 (in effect for 2017)
Minnesota Department of Revenue 2017, Fact Sheet on Disabled Veterans' Homestead Property Tax Exclusion [http://www.revenue.state.mn.us/propertytax/factsheets/factsheet_11.PDF accessed 01/18/2018] View Archived Source

Minnesota House Research 2014, Disabled Veteran Homestead Valuation Exclusion Short Paper [http://www.house.leg.state.mn.us/hrd/pubs/ss/ssdvhve.pdf accessed 01/18/2018] View Archived Source

Form CR-DVHE70, Department of Revenue [http://www.ci.minneapolis.mn.us/www/groups/public/@assessor/documents/webcontent/wcms1p-132744.PDF accessed 06/26/2018]

View Archived Source

Form CR-DVHE100, Department of Revenue [http://www.ci.minneapolis.mn.us/www/groups/public/@assessor/documents/webcontent/wcms1p-132745.PDF accessed 06/26/2018]

View Archived Source

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