High Taxes - Can You Get a Refund?

Sarah Marrinan,April 24, 2022

Rising Property Taxes? Many Are Eligible For Refund In Minnesota

Home prices have been skyrocketing in recent years. That also means property taxes have been going up too. Even if you've been in the same home for years, the rising property taxes can make it hard on your budget. You may be able to get some money back from the State of Minnesota.

If you live in Minnesota, you may qualify for the Minnesota Homestead Credit Refund. There are two types of refunds you may qualify for. Both refunds require that you have a valid Social Security Number, own property classified as homestead, and you have paid or have made arrangements to pay your property taxes. What qualifies as a homestead? That's if you own and live in the home.

Regular Refund Requirements

You owned and live in your home on January 2, 2022
Your household income for 2021 was less than $119,790

If you don't qualify for that, but have had big property tax increases, you may qualify under the special refund requirements

Special Refund Requirements

You owned and live in the same home on January 2, 2021, and January 2, 2022
Your home's net property tax increased by more than 12% in the last year
The net property tax increase was $100 or more
The increase wasn't because of improvements you made to the property

There are other subtractions you can make that may help you fit into the qualifications such as if you had dependents, were older than 65, you contributed to your retirement account, or were disabled. You can read more about those subtractions on the Minnesota Department of Revenue page.

You must file for the property tax refund by August 15. You're allowed to file up to one year after the due date. Filing can be done online, with a software product, or on paper with the Minnesota Department of Revenue. You may be able to file for free using the Property Tax Refund Online Filing System. Use the property tax statement you receive from your county in March or April (mid-July for mobile home owners). Do not use the Notice of Proposed Taxes. To learn more, watch the video.

For more information, see Filing for a Property Tax Refund.