Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion.To qualify for a homestead, you must: Own a property, Occupy the property as your sole or primary residence, Be a Minnesota resident. Apply for homestead online. Use the Hennepin County tool to apply. — Apply online on Hennepin County's website. The Minnesota Homestead Credit Refund can provide relief to homeowners paying property taxes. You must notify the County Assessor that your primary residence has changed, and you will need to complete and sign a new homestead application. You only have until December 31st to apply for homestead for the 2023 tax year. You must be a Minnesota resident.