Tax Season is upon us. Be sure you or your tax preparer claim property tax refunds if you are eligible. You may file for these refunds after receiving the 2023 property tax notice to file for the 2022 refund. Those notices are mailed on or about March 31 each year.
There are two types of property tax refunds in Minnesota. One is income based and you may apply for this if your household income is less than $128,280; you owned and occupied a home in Minnesota; are filing a refund for 2021 or later; did not rent out your home; and did not use your home for business. Also, your home must be classified as homestead within your county, or you must have applied for this classification. You must have a valid Social Security Number and you cannot have any delinquent property taxes on the home. The Department of Revenue explains that, “Generally, property taxes are not delinquent if you have either paid them or signed a confession of judgement.” The maximum amount of this refund is $3,140. The final due date to file for the property tax refund is Aug. 15. You may file up to one year after the due date.
The second type of refund requires that you owned and occupied your home from Jan. 2, 2022, through Jan. 2, 2023, and your net property tax increased by more than 12% from 2022 to 2023. The increase must be more than $100. The maximum amount of this credit is $1,000. This type of ‘targeted’ or ‘special’ property tax refund is not tied to income.
For more information about qualifying for these refunds, visit