To qualify for a Property Tax Refund, you must be a full- or part-year resident of Minnesota for the year, and you can’t be claimed as a dependent by another taxpayer. Eligibility is also based on your household income and property taxes paid on your principal residence in Minnesota, as outlined below.
If you qualify for a refund, complete Form M1PR, Property Tax Refund.
Your household income for 2012 must be less than $56,220 (for 2011, less than $54,620). The maximum refund is $1,600.
You must have lived in a building that was subject to property taxes or “payments in lieu of property taxes.” If you’re not sure about your building, contact your landlord.
You may be eligible for one or both of the following refunds if you owned and lived in your home on Jan. 2, 2013.
- Regular Property Tax Refund: Your household income for 2012 must be less than $103,730 (for 2011, less than $99,240). The maximum refund is $2,530.
- Special Property Tax Refund: There is no income limit, but net property tax on your homestead property must have increased by more than 12 percent from 2012 to 2013. The increase must be at least $100. The maximum refund is $1,000.
Your home or mobile home must be classified with your county as “homestead” (the home you live in for tax purposes). Properties that are classified as “relative homestead” don’t qualify.