To qualify for a Homestead Credit Refund (for Homeowners) and Renter's 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.
Your household income for 2015 must be less than $58,490 (for 2014, less than $58,060). The maximum refund is $2,050.
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, 2015 and Jan. 2, 2016.
- Regular Homestead Credit Refund (for Homeowners) and Renter's Property Tax Refund Your household income for 2015 must be less than $107,930 (for 2014, less than $107,150). The maximum refund is $2,640.
- Special Homestead Credit Refund (for Homeowners) and Renter's 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 2015 to 2016. 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.