You can have part of your home’s market value taken out of the property tax calculation, which lowers your property tax bill. The exclusion is $150,000 if your service-connected disability rating is at least 70 percent but less than 100 percent, and $300,000 if you have a 100 percent total and permanent service-connected rating.
Apply at your county assessor’s office, not the state, by December 31 to qualify for taxes payable the next year. Applications are available from the county assessor or from an MDVA Veterans Service Officer.
Your DD214 showing an honorable discharge, your VA documentation showing a rating of 70 percent or more, and proof that you own and occupy the home, which must already have a Minnesota homestead classification.
