NEW LAW CHANGE:  Homestead Market Value Exclusion

The 2011 Legislature repealed the Homestead Market Value Credit (the homestead credit),
and replaced it with a new Homestead Market Value Exclusion.

◊  What is an Exclusion?
     An Exclusion is a reduction in the amount of value subject to tax.

◊  Why the New Law Change and why is this change resulting in a tax increase?
     View the insert mailed with the truth-in-taxation notices in November 2011.

◊   Visit the Minnesota Department of Revenue for further information:  Understanding
      Recent Changes in Homestead Benefits.

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