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. Qualifying individuals must submit an application in order to receive the homestead exemption. Complete and submit an application with a copy of your deed (including the legal description). The most common is the homestead exemption, which is available to homeowners in their primary residence. Data on homestead property taxes is available for the last five years. Users can compare multiple years and property values. Homestead Exemption Application Information. Taylor Heise scored her second goal of the season into overtime to give the Minnesota Frost a 21 victory over the Boston Fleet.