field_block:node:page:title
Property Tax Deferral for Senior Citizens FAQ
field_block:node:page:body
Common questions and answers for Property Tax Deferral for Senior Citizens.
field_block:node:page:field_paragraph
You cannot defer property taxes if your income exceeds $96,000 in a calendar year. If your income exceeds this amount, you must notify us.
If your income falls to $96,000 or less, you can request to resume the deferral.
Your enrollment ends, and you must repay the loan within 90 days of the sale of the house.
The lien will stay on your home and your estate must repay the loan within 90 days.
Deferral of property taxes will end when any of the following occurs:
- The property is sold or transferred
- All qualifying homeowners die
- The homeowner cancels the deferral
- The property no longer qualifies as a homestead
You may voluntarily cancel the deferral by notifying us in writing.
If the property is sold or the homeowner dies, payment is due within 90 days.
If the homeowner voluntarily cancels the deferral or the property no longer qualifies as a homestead, payment is due within one year.
You are required to pay the deferred property taxes, deferred special assessments, penalties, interest, and recording fees when your deferral ends.
Yes, you may reapply if you meet the qualifications.
Minnesota Department of Revenue
Mail Station 3340
St. Paul, MN 55146-3340
We will apply your:
- Individual income tax refund
- Property tax refund
- Political contribution refund
- Lottery winnings over $600
