Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion.You may apply in the year you turn 65. You must notify the County Assessor that your primary residence has changed, and you will need to complete and sign a new homestead application. To qualify for a homestead, you must: Own a property, Occupy the property as your sole or primary residence, Be a Minnesota resident. For assistance with a homestead application, email Hennepin County homestead or call 612-348-3046. Apply for homestead online. Use the Hennepin County tool to apply. The application uses a secure server and information will not be shared with outside parties. When qualifying seniors buy property after the deadline, then the senior can apply up to 30 days after the purchase.