Homestead is a classification of property that is occupied by an owner or relative of the owner, and is used as a primary place of residence. The State of Minnesota maintains the homestead program for residents who own and occupy their home or have a qualifying relative who occupies the home called the Homestead Market Value Exclusion. This program has two benefits for qualifying homeowners:
- It reduces the taxable market value of the property (for properties valued under $413,800 only), which in turn may lower taxes.
- It is one of the qualifying factors for homeowners to receive the State of Minnesota Property Tax Refund.
Special homestead programs
- Homestead for persons who are blind or have a disability
- Homestead exclusion for veterans with a disability
- Multiple owner (fractional) homestead
Homestead qualification change
Due to a new legislative change, owners or qualifying relatives of owners can now file for homestead using an Individual Taxpayer Identification Number (ITIN).
This new law allows ITIN to be used instead of social security number to file for homestead. If you have not filed for homestead in the past, you may now qualify.
Please call our office at 651-266-2040 or email [email protected] for further information. The time to file is now until Jan. 2, 2024. This is effective for homestead applications filed in 2023 and thereafter.
|Manufactured home homestead applications due
|Homestead abatement applications due
|Last day to apply for the homestead program for persons who are blind or have a disability
|Last day to own and occupy to homestead for current assessment year
|Last day to apply for residential and agricultural homestead
|Last day to apply for the homestead exclusion for veterans with a disability