Property taxes; market value exclusion increased for veterans with a disability.

HF 1297 increases Minnesota's property tax exemption for veterans with service-connected disabilities. It raises the excluded market value from $150,000 to $250,000 for veterans with a 70%+ disability, and from $300,000 to $500,000 for those with a total (100%) permanent disability. This directly affects veterans (or their spouses if the veteran dies) who own their primary residence (homestead), meet VA certification requirements, and have an honorable discharge. The change applies to property tax assessments after the bill's effective date, requiring applications by December 31 each year.