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1. Can I file for homestead on more than one property?

In addition to your own homestead, you may be able to obtain a homestead for any property you own in which a qualifying relative lives as his or her primary place of residence. There are other instances in which you may qualify if the two residences are work-related. Contact the assessor's office at (507) 304-4251 or by email for further details.

2. Why must I provide my social security number for homestead?

Even though social security numbers are private information, under Minnesota state law, they must be provided before a homestead will be granted. Social security numbers will be used to determine if owners or relatives of owners have applied for more than one homestead in the state.

3. Are the homestead benefits the same on all properties?

No. The value of a homestead is based on a number of factors. First, the homestead decreases as the property's market value increases. Second, not all properties are eligible for a full (100%) homestead.

4. How often do I have to apply for the homestead credit?

After the initial approval, the homestead classification will remain until the property is sold or the owner or qualifying relative no longer uses it as a primary place of residence. The owner must also notify the assessor within 30 days of any change in homestead status (i.e. - the home sells, renters move in, relatives move out, etc.). Penalties may be imposed for improperly-received homestead benefits.

5. Is there anything else I should know about homesteads?

Every homestead is unique. Some homesteads involve property held under a trust agreement. Other property is purchased with lender requirements that may affect the homestead classification. You are encouraged to contact the assessor’s office at (507) 304-4251 or by email with any questions you may have.