The bill amends Minnesota Statutes 2024, specifically section 273.13, subdivision 23, to modify the definition of agricultural land for property classification purposes. It clarifies the criteria for classifying agricultural homesteads, class 2a agricultural land, and class 2b rural vacant land. Notably, it introduces new provisions that allow for the classification of contiguous acreage containing a residence and less than 11 acres in size as agricultural land if it was used for market farming in the preceding year, provided the owner meets certain income requirements. The bill also specifies that agricultural classification shall not be based on the market value of any residential structures on the parcel.

Additionally, the bill includes an effective date stating that the changes will take effect beginning with the assessment year 2025. The amendments aim to provide clearer guidelines for property assessors and landowners regarding agricultural classifications, ensuring that properties used for agricultural purposes are appropriately classified for tax purposes.

Statutes affected:
Introduction: 273.13