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. These properties fall under the homestead classification.
There are two main types of homestead:
A residential property that is owned, occupied and used for the purpose of a homestead by its owner is a residential homestead. You must be a Minnesota resident.
An agricultural property that is owned, occupied and used for the purpose of a homestead by its owner is an agricultural homestead. You must be a Minnesota resident. Please contact our office for more information on the qualifications for the agricultural homestead.
A person who meets the requirements for the homestead classification must file a homestead application with the County Assessor to initially obtain the homestead classification. In order to qualify for a new homestead, the owner must own and occupy the property as their primary residence on or before December 1st and apply by December 31st of the year in which the property was purchased. Or the property may be occupied by a qualifying relative of the owner on January 2nd of the assessment year.