Any and all owners that do not occupy the property must complete the non-occupant co-owner form (PDF). To qualify for a homestead, you must: Own a property, Occupy the property as your sole or primary residence, Be a Minnesota resident.Properties that are partial homesteads (for example, when only one of two owners lives there) will have a reduced exclusion. Benefit program for people who own and occupy their home or has a qualifying resident who occupies the home called the Homestead Market Value Exclusion. Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion. You must be one of the owners of the property, or be a qualifying relative of at least one of the owners. If there are two (2) or more owners, the homestead will be granted to the percentage of which owners actually occupy the home. Are there multiple owners of the property (not including spouses)?. Yes. No If yes, please provide the number of owners.
