Minn. Stat. Ann. § 510.02 :
Chapter 510. Homestead Exemptions
510.02. Area and value; how limited
The homestead may include any quantity of land not exceeding 160 acres, and not included in the laid out or platted portion of any city. If the homestead is within the laid out or platted portion of a city, its area must not exceed one-half of an acre. The value of the homestead exemption, whether the exemption is claimed jointly or individually, may not exceed $200,000 or, if the homestead is used primarily for agricultural purposes, $500,000, exclusive of the limitations set forth in section 510.05.
Last Amended: 2013
2013
Amended by Laws 1969, c. 414, � 1, eff. May 16, 1969; Laws 1973, c. 123, art. 5, � 7; Laws 1986, c. 398, art. 16, � 1, eff. March 22, 1986; Laws 1993, c. 79, � 2; Laws 2007, c. 105, � 2, eff. Aug. 1, 2007; Laws 2007, c. 106, � 11, eff. Aug. 1, 2007; Laws 2013, c. 135, art. 2, � 8, eff. May 25, 2013.