Ten-year homestead property tax exemption establishment

SF 3810 establishes a ten-year property tax exemption for Minnesota homeowners who have continuously lived in their primary residence (classified as class 1a or 1b) for at least ten years prior to application. To qualify, applicants must own and occupy the property as a homestead for ten years, have no unpaid property taxes or special assessments, and submit specific documentation to their county assessor. The exemption ends if the property is sold, transferred, or no longer used as a primary residence, requiring owners to notify the assessor within 30 days of such changes. This exemption applies starting with the 2027 property assessment year and directly affects long-term homeowners of qualifying primary residences.