How to Homestead in Minnesota

Homestead your Minnesota residence to reduce your property tax.

Homesteading your property in Minnesota results in a tax credit on your property taxes each tax year. The state requires only three things of applicants: that they are Minnesota residents, own the home, and occupy the home as a primary residence. The amount of the tax credit depends on the assessed value of the home.

Step 1

Determine whether you qualify for a Minnesota homestead exemption. You or one of your qualifying relatives must live in the home full-time. A qualifying relative is someone related by birth, marriage or adoption. Mobile homes do qualify for the exemption.

Step 2

Obtain a homestead exemption application from your county tax assessor. You should apply for exemption as soon as possible after purchasing and moving into your new home. Applications must be filed by Dec. 15 to take effect the following tax year.

Step 3

Provide the required information when filling out your homestead application. This includes your name, your spouse's name (if the home is in both names), and the property information. If you are married you must have the signature of your spouse on the application even if you spouse does not live in the home.

Step 4

Return your homestead application to your county tax assessor's office. Once you have applied for and received homestead exemption you do not have to apply again for your residence unless you move. Homesteading your Minnesota residence can lower your property taxes up to $304 per year for the first $76,000 of your home's value.

Warning

You can only apply for homestead exemption for your primary residence and you can only homestead one property at a time.

references