- You Are Here:
- Home
- Government
- Administration
- Assessor
- Homestead Classification
Homestead Classification
Applying for the Residential Homestead Classification
The residential homestead classification provides a property tax credit for property that is owned and occupied by the owner. The amount of the credit is shown on your property tax statement and is deducted from your property tax bill.
Homestead Market Value Exclusion
For a homestead valued at $76,000 or less, the exclusion is 40% of market value, yielding a maximum exclusion of $30,400 at $76,000 of market value. For a homestead valued between $76,000 and $413,800, the exclusion is $30,400 minus 9% of the valuation over $76,000. For a homestead valued at $413,800 or more, there is no valuation exclusion.
Qualifying for Homestead Classification
To qualify for the homestead classification, you must: (All 3 must apply.)
When Relatives of the Owner Qualify
Certain relatives can qualify for the residential relative homestead classification. The relative may be the owner’s parent, stepparent, child, stepchild, grandparent, grandchild, brother, sister, uncle, aunt, nephew or niece. This relationship may be either by blood or by marriage.
To apply for the residential relative homestead classification, the relative must complete and sign the residential relative homestead application. The owner of the property also must sign the residential relative homestead application. Applications are available at the County Assessor's Office or you may download the applications in the Homestead Forms section of this website.
To qualify for the residential relative homestead classification, the relative must: (All 3 must apply.)
The residential homestead classification provides a property tax credit for property that is owned and occupied by the owner. The amount of the credit is shown on your property tax statement and is deducted from your property tax bill.
Homestead Market Value Exclusion
For a homestead valued at $76,000 or less, the exclusion is 40% of market value, yielding a maximum exclusion of $30,400 at $76,000 of market value. For a homestead valued between $76,000 and $413,800, the exclusion is $30,400 minus 9% of the valuation over $76,000. For a homestead valued at $413,800 or more, there is no valuation exclusion.
Qualifying for Homestead Classification
To qualify for the homestead classification, you must: (All 3 must apply.)
- Be one of the owners of the property
- Occupy the property as your primary residence
- Be a Minnesota resident
- Are you registered to vote in Minnesota?
- Do you have a valid Minnesota driver’s license?
- Do you file a Minnesota income tax return?
- Do you list property in Minnesota as your permanent mailing address?
- Do your children, if any, attend school in Minnesota?
- Are you a resident of any other state or country?
When Relatives of the Owner Qualify
Certain relatives can qualify for the residential relative homestead classification. The relative may be the owner’s parent, stepparent, child, stepchild, grandparent, grandchild, brother, sister, uncle, aunt, nephew or niece. This relationship may be either by blood or by marriage.
To apply for the residential relative homestead classification, the relative must complete and sign the residential relative homestead application. The owner of the property also must sign the residential relative homestead application. Applications are available at the County Assessor's Office or you may download the applications in the Homestead Forms section of this website.
To qualify for the residential relative homestead classification, the relative must: (All 3 must apply.)
- Be a qualifying relative to one of the owners of the property
- Occupy the property as your primary residence
- Be a Minnesota resident
Please Note: The Mobile Home Application must be attached with the Owner-Occupied or the Relative Residential Homestead Application.
Contact Us
-
Melissa Voigt
County Assessor
emailAssessor's Office
325 N Sibley Avenue
Level 3
Litchfield, MN 55355
Phone: 320-693-5205
Fax: 320-693-5294
Hours
8 a.m. - 4:30 p.m.