Homesteaded property / Homestead status
Your homestead is your primary, legal residence.
A person can have only one homestead. Homestead property is taxed at a
lower rate than non-homestead property. See
'Relative
Homestead' below for
exceptions.
Relative
homestead
“Relative homestead” is a property tax
classification that allows the homeowner to retain homestead status on his
or her property if a qualifying relative occupies it. However, relative homestead
property does not qualify for the property tax refund, nor does it qualify
for the renter's credit.
Deadlines
MUST FILE APPLICATION ON OR BEFORE DECEMBER 15. To
qualify for the full-year homestead classification, homeowners must own and occupy their
home on or before January 2. Property that does not
qualify for homestead on January 2, but is purchased and owner-occupied on or before
December 1 may qualify for a mid-year homestead classification.
How to Apply
To file for the homestead classification, qualifying homeowners must apply in person at
the City Assessor's Office (6700 Portland Ave., Richfield, MN 55423
ph: 612-861-9710) The homeowner must provide social security numbers, and proof
of ownership by presenting a copy of one of the following:
- Warrant Deed
- Contract for Deed
- Trustee Deed
- Conservator Deed
- Quit Claim Deed, or
- Personal Representative Deed
Do I need to re-file once my property is granted
Homestead status?
No. Minnesota property tax laws provide that once the initial homestead application is
filed and the property is granted the homestead status, there is no need to re-file an
annual homestead declaration card again, as long as the property is owned and occupied by
the same party. The property will remain homestead until the property is sold or no longer
qualifies.
State law also requires that the homeowner must notify the City assessor within 30 days
after selling or changing a primary residence. If you have any questions about the
homestead classification, please call the City Assessor's office at (612) 861-9710.