The bill amends Minnesota Statutes 2024, specifically section 273.124, subdivision 14, to modify the requirements for special agricultural homesteads. It establishes criteria for classifying real estate of less than ten acres as class 2a homestead property, which includes being contiguous to agricultural land or certain government lands, having a noncontiguous parcel of at least 20 acres, and ensuring that the agricultural use value of the noncontiguous land meets specific thresholds. The bill also clarifies that homesteads classified under these provisions will maintain their classification despite changes in adjoining properties, provided ownership and agricultural use conditions are met.

Additionally, the bill introduces new language regarding the application process for special agricultural homesteads, allowing for a simplified reapplication process in subsequent years if certain conditions remain unchanged. It also specifies that agricultural land and buildings classified as class 2a for previous assessments will retain their classification under certain circumstances, such as abandonment due to natural disasters. The effective date for these changes is set for the assessment year 2026.

Statutes affected:
Introduction: 273.124