Homestead is a tax
benefit for persons who
own and occupy their
property as their
residence. You must be
a Minnesota resident.
As long as you meet this
criteria, you can have
one homestead. To
qualify for homestead,
you must own and occupy
your residence by
December 1 of the
current year and file by
December 15. You must file an
application, along with
your social security
numbers, with the County
Assessor in order to
receive this benefit.
Your property can also
be granted a ‘relative
homestead’. This
benefit is extended to
relatives of the owners
who occupy the
property. This must
also be applied for
along with social
security numbers of all
occupants and also of
the owners of the
property.
Sustainable Forest
Incentive Act
The Sustainable Forest
Incentive Act (SFIA)
allows annual payments
to be made back to the
property owner who has
enrolled forested land
as an incentive to
practice long-term
sustainable forest
management. You
must have a forest
management plan among
other requirements to
qualify for the program.
The application due date
for this program is
Sept. 30th for the
following years
incentive payment.
This is a Department of
Revenue program and more
information on it can be
obtained by visiting the
states website
www.taxes.state.mn.us
or by calling
651-556-6088, or by
contacting your
assessor's office.
Sustainable Forest
Information
Sustainable Forest
Incentive Act Covenant
2009
Sustainable Forest
Incentive Act Enrollment
Application 2009
Senior Citizen Property
Tax Deferral Program
This program allows
people 65 years of age
or older to defer a
portion of their
homestead property
taxes. The
deferred taxes accrue as
a lien on the property
and are due within 90
days after the property
is sold, transferred, or
no longer qualifies as a
homestead.
Applications are due by
August 1st to the
Department of Revenue.
Property Tax Refund
(M1-PR)
This program is
administered by the
Department of Revenue,
and provides for two
types of refunds.
The first is for
homeowner/renters whose
property taxes exceed a
specified percentage of
household income.
The second program is
for homestead properties
where the property tax
exceeds 12% and said
increase is $100 or
more. Applications
are due by August 15th
to the Minnesota
Department of Revenue.
Disability Homestead
Homestead property
owners who are legally
blind, permanently and
totally disabled, or a
paraplegic veteran are
eligible for a reduced
tax rate on a portion of
the value of their
property. In some
instances, there are
income requirements that
must be met to qualify.
Contact the assessor's
office for more
information.
Disabled Veteran
Exclusion
More info to come...
