Get Edina Homestead Forms

Under current law, 1.18 million homesteads qualify for the homestead market value exclusion for taxes payable 2023. The total exclusion statewide is $16.63 billion. Under the proposal, all homesteads over $76,000 and less than $413,800 of market value would receive an increased homestead market value exclusion.

To qualify for a homestead, you must: Own a property. Occupy the property as your sole or primary residence. Be a Minnesota resident.

For homesteads valued at $76,000 or less, the exclusion is 40% of the market value, creating a maximum exclusion of $30,400. The exclusion is reduced as property values increase, and phases out for homesteads valued at $413,800 or more.

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.

To qualify for a homestead, you must: Own a property. Occupy the property as your sole or primary residence. Be a Minnesota resident.

To apply for the residential homestead classification, you must: Complete a manufactured homestead application (PDF). Provide the Assessor's office with a copy of your proof of ownership, such as a purchase agreement, or bill of sale and Certificate of Title.

What is the Senior Citizens Property Tax Deferral Program? The Senior Citizens Property Tax Deferral Program allows property taxpayers who are 65 years or older, and whose total household income is $60,000 or less, to defer a portion of their homestead property taxes until some later time.

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). Email form to ao.programs@hennepin.us or mail to the address on the form. If your property is in Minneapolis, please contact them directly.