To qualify for a homestead, you must: Own a property, Occupy the property as your sole or primary residence, Be a Minnesota resident. Homestead status can save you money on your property taxes.Individual taxpayer identification numbers now qualify property owners for homestead 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. You can now safely and securely apply for homestead online. Your application will be encrypted through bank-grade security encryption. Download and print the Owner-Occupied and Relative Homestead Application form. If you do NOT have access to a printer or scanner, please contact our office. Your name, address, and Social Security Number or Individual Taxpayer Identification Number are required. Apply for homestead as soon as possible.