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If you're a Minnesota homeowner or renter, you may qualify for a Property Tax Refund. The refund provides property tax relief depending on your income and property taxes. A recent law change increases the 2022 Homestead Credit Refund (for Homeowners) and Renter's Property Tax Refund (Form M1PR).
Must have the property classified as your homestead (or applied for the classification) must have a valid Social Security Number (If married filing jointly, at least one spouse must have a valid SSN) must have paid or have an arrangement to pay any delinquent property taxes on the home (if any).
Minnesota statute allows homeowners to claim up to $390,000 in property value, or $975,000 if agricultural, as a "homestead." State law limits this exemption to 160 acres, which in practice may apply to farms, but has removed what was once a half-acre limit on property within city limits.
You may be eligible for a refund based on your household income (see pages 8 and 9) and the property taxes or rent paid on your primary residence in Minnesota. You must be a Minnesota resident or part-year resident to qualify for a property tax refund. For more information, go to .revenue.state.mn.us/residents.
Remove your homestead status Notify the county assessor within 30 days if you sell, move, or for any reason no longer qualify for homestead. Complete the notice-of-move form (PDF).