To qualify for a homestead, you must: Own a property, Occupy the property as your sole or primary residence, Be a Minnesota resident. The Minnesota Homestead Credit Refund can provide relief to homeowners paying property taxes.Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion. This fact sheet is intended to help you become more familiar with Minnesota tax laws and your rights and responsibilities under the laws. 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. If you own your home and it's your primary place of residence, you may qualify for a property tax savings and you may be eligible for a property tax refund. ​​​​​​​Homestead is a program to reduce property taxes for owners who also occupy their homes. Apply for homestead as soon as possible.