MN · Flat dollar exemption
Minnesota homestead exemption
Yes.
- Main exemption
- $38,000 off market valueTaxable market value of a residential homestead (class 1a/1b, and the house, garage and one acre of an agricultural homestead)
- Filing deadline
- December 31
- Own and live there by
- December 31
- Renewal
- Renews automatically
- Where to file
- County assessor
Yes. Minnesota's Homestead Market Value Exclusion takes up to $38,000 off the taxable market value of a homestead: 40% of value for homes worth $95,000 or less, shrinking as value rises and ending at $517,200. Homesteads also get a lower classification rate of 1% on the first $500,000 of value. Apply for homestead status with your county assessor by December 31 of the year you move in.
Last verified · Sources
How much the Minnesota exemption is worth
For a homestead valued at $95,000 or less, the exclusion is 40% of market value. Between $95,000 and $517,200 it is $38,000 minus 9% of the value over $95,000; at $517,200 or more there is none.
$38,000 off market value · applies to taxable market value of a residential homestead (class 1a/1b, and the house, garage and one acre of an agricultural homestead) · source
Who qualifies
- You own and occupy the home as your homestead (or a qualifying relative does)
- The property is classified as homestead by the county assessor
- The assessor may require proof of eligibility at any time
Deadline and renewal
Notify the county assessor in writing by December 31 of the year you occupy the home to get homestead treatment for taxes payable the following year.
Once granted, homestead status generally continues without a new application each year, but the assessor can ask you to file again to confirm you still qualify.
Extra breaks for seniors, veterans and disabled owners
| Who | Program | Amount | Details |
|---|---|---|---|
| Veterans | Disabled veteran market value exclusion (70%+) | $150,000 off market value | Honorably discharged veterans with a service-connected disability of 70% or more get $150,000 of market value excluded from their homestead's value. Source |
| Veterans | 100% total and permanent disabled veteran | $300,000 off market value | Veterans with a total (100%) and permanent disability get $300,000 of market value excluded. Source |
| Disabled owners | Class 1b blind or disabled homestead | Not in our data | Homesteads of blind owners, permanently and totally disabled owners, and some surviving spouses of disabled veterans get the special class 1b rate. Disability must be certified by the agency or income source. Source |
| Surviving spouses | Surviving spouse of 100% disabled veteran | $300,000 off market value | The $300,000 exclusion carries over to the surviving spouse who keeps title and lives in the home, until they remarry or sell. An application is required. Source |
| Other | Homestead Credit Refund (Form M1PR) | Not in our data | Homeowners with 2025 household income under $142,490 can get a refund based on income and property taxes. A special refund applies if net property tax rose more than 12% and at least $100 from 2025 to 2026. Source |
Law: Minn. Stat. §273.13, subd. 35; §273.124
Minnesota county guides
Local offices, online filing links and local amounts for 3 counties, largest first.
Frequently asked questions
How much is the exclusion on a $300,000 home?
Using the state formula, $38,000 minus 9% of the $205,000 above $95,000 leaves an exclusion of $19,550.
I moved in during the year. When do I apply?
Tell your county assessor in writing by December 31 of the year you move in to get homestead treatment.
Is there an income-based refund too?
Yes. File Form M1PR for the Homestead Credit Refund if your household income was under $142,490 for 2025.
Do I have to reapply for the homestead exemption in Minnesota every year?
Once granted, homestead status generally continues without a new application each year, but the assessor can ask you to file again to confirm you still qualify.
Sources
- Minn. Stat. §273.13 (Classification; market value exclusion) · Minnesota Office of the Revisor of Statutes
- Minn. Stat. §273.124 (Homestead determination) · Minnesota Office of the Revisor of Statutes
- Homeowner's Homestead Credit Refund · Minnesota Department of Revenue
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