This bill amends Minnesota Statutes 2024, section 273.13, subdivision 23, to modify the definition of agricultural land for property classification purposes. Key changes include the clarification of what constitutes agricultural land, specifically allowing for contiguous acreage of less than ten acres to be classified as agricultural if it is exclusively used for raising or cultivating agricultural products. Additionally, the bill introduces new criteria for properties containing a residence and less than 11 acres, which can qualify for agricultural classification if they meet certain income requirements or demonstrate a financial plan to earn a specified gross income from market farming activities.

The bill also removes previous language regarding market farming definitions and replaces it with updated criteria that require owners to provide documentation of income or a financial plan to the county assessor. Furthermore, the bill establishes that the new definitions and classifications will take effect starting with the assessment year 2025. Overall, these changes aim to provide clearer guidelines for property classification related to agricultural use, ensuring that more properties can qualify under the agricultural classification for tax purposes.

Statutes affected:
Introduction: 273.13