Having a homestead classification may qualify your property for a Homestead Market Value Exclusion or one of the following:
- Property Tax Refund
- Market Value Exclusion for Veterans with a Disability
- Special Homestead Classification for Property Owners who are Blind or Disabled
- Property Tax Deferral for Senior Citizens
You may only have one homestead per married couple in the state of Minnesota. Homesteads are administered by counties.