You can reduce what you owe in property taxes. Property tax exemptions, exclusions and lowered tax rates are based on how you use your property.Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion. New filing method for renters! Beginning with tax year 2024, renters will no longer file a Renter's Property Tax Refund return (Form M1PR). If you're a Minnesota homeowner, you may qualify for a Property Tax Refund. File property tax petitions to appeal property tax assessments. Find petition forms from property tax court. The homestead credit refund is a state-paid refund that provides tax relief to homeowners whose property taxes are high relative to their incomes.