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| Home -> Departments -> Property Records & Taxation -> FAQs -> This Old House |
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Property Records & Taxation Home Page Understanding Your Property Assessment
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FAQs - This Old HouseQ1. What is the "This Old House" home improvement exclusion? The 1999 Minnesota State Legislature revised a law that exempts some of the increase in the assessor’s estimated market value due to certain improvements made to homestead property of at least 45 years of age - Minnesota Statute 273.11 Subd. 16 (view the statute on the State of Minnesota Web site). This law was created to encourage owners of older properties to make improvements without the fear of having to immediately pay the additional property tax associated with the improvements. Q2. Is this program still available? No. Under current legislation, the "This Old House" program expired on January 2, 2003. The last date to apply for the exemption was July 1, 2005. page last updated -
09/23/2005 |
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