Land Use & Zoning

In Minnesota, agricultural homesteads receive a special property tax classification that:

AExempts all agricultural land from property taxes
BProvides a lower tax rate on the home, garage, and immediately surrounding land (house site)✓ Correct
CApplies only to organic farms
DOnly applies to farms larger than 500 acres

Explanation

The agricultural homestead classification in Minnesota provides a lower property tax rate for the house, garage, and immediately surrounding land (the home site) when the owner lives on the farm as their primary residence. The remaining agricultural acreage is classified at the agricultural rate.

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