The Homestead Exemption in Minnesota
Who qualifies for the Minnesota homestead property tax exemption, how much it saves, and how and when to apply.
Short answer: Minnesota's Homestead Market Value Exclusion reduces the taxable market value of property classified as homestead. For homesteads valued at $95,000 or less, the exclusion is 40% of market value, a maximum exclusion of $38,000; Minnesota Dept. of Revenue, Homestead Market Value Exclusion; Homestead Classification
| Homestead exemption | Minnesota's Homestead Market Value Exclusion reduces the taxable market value of property classified as homestead. For homesteads valued at $95,000 or less, the exclusion is 40% of market value, a maximum exclusion of $38,000; the exclusion is reduced as values rise and phases out for homesteads valued at $517,200 or more. Partial homesteads (for example, when only one of two owners lives there) get a reduced exclusion. To get homestead classification, the owner must be a Minnesota resident who owns the property and occupies it as a sole or primary residence; only one homestead is allowed per married couple. Page last updated November 24, 2025; no tax year stated for the amounts. Classification rules: https://www.revenue.state.mn.us/homestead-classification |
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| How to apply | Apply for homestead classification with the county assessor. Provide a Social Security Number or ITIN for each owner who occupies the property and for each owner's spouse, even if the spouse does not live there. Once granted, you do not need to reapply, though the assessor may ask for documentation; you must notify the assessor within 30 days if you move, sell, or your marital status or spouse's occupancy changes. Certain relatives may qualify for a relative homestead (relative homesteads do not qualify for a property tax refund). |
| Application deadline | Apply to the county assessor by December 31 to qualify for taxes payable the next year. |
More Minnesota property tax & homestead exemptions
- Senior, Veteran and Disability Property Tax Relief in Minnesota
- Appealing Your Property Tax Assessment in Minnesota
- All Minnesota property tax & homestead exemptions rules
FAQ
What is the homestead exemption in Minnesota?
Minnesota's Homestead Market Value Exclusion reduces the taxable market value of property classified as homestead. For homesteads valued at $95,000 or less, the exclusion is 40% of market value, a maximum exclusion of $38,000; the exclusion is reduced as values rise and phases out for homesteads valued at $517,200 or more. Partial homesteads (for example, when only one of two owners lives there) get a reduced exclusion. To get homestead classification, the owner must be a Minnesota resident who owns the property and occupies it as a sole or primary residence; only one homestead is allowed per married couple.
How do you apply for a homestead exemption in Minnesota?
Apply for homestead classification with the county assessor. Provide a Social Security Number or ITIN for each owner who occupies the property and for each owner's spouse, even if the spouse does not live there. Once granted, you do not need to reapply, though the assessor may ask for documentation; you must notify the assessor within 30 days if you move, sell, or your marital status or spouse's occupancy changes. Certain relatives may qualify for a relative homestead (relative homesteads do not qualify for a property tax refund).
When is the deadline to apply for a homestead exemption in Minnesota?
Apply to the county assessor by December 31 to qualify for taxes payable the next year.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.