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. The Minnesota Homestead Credit Refund can provide relief to homeowners paying property taxes. Calculate homestead vs. Apply for homestead as soon as possible. The deadline to apply is October 1st for taxes payable in the following year. For more information please review the Minnesota Department of Revenue fact sheet. To apply or for homestead classification fill out and return to the Assessor's Office a homestead application. Minnesota State Law provides for a reduction to the general property tax for certain property that is occupied as a person's primary place of residence.
