There are no income and homestead value limits for categories 4V, 4S, 5, and 7. The. To qualify for a homestead, you must: Own a property, Occupy the property as your sole or primary residence, Be a Minnesota resident.Apply for homestead as soon as possible. To qualify for homestead, you must own and occupy property as your principal place of residence (unless you qualify for a relative homestead - see below). How to Apply for Homestead Exemptions Homestead applications must be filed with the county assessor after February 1, and on or before June 30 of each year. Most taxpayers claiming exemption from property tax must file an application for exemption with the assessor in the district where the property is located. Homestead exemption applications must be filed annually between February 2 and June 30. Application forms are typically available beginning February 2. Nebraska Property Tax Laws and Exemptions. Please complete all questions on the form.
