TYPES OF HOMESTEADS

RESIDENTIAL HOMESTEAD
Residential homestead qualifies up to 10 acres to receive the Homestead Market Value Exclusion.

AGRICULTURAL HOMESTEAD
Agricultural homestead qualifies agricultural property to be linked to your homesteaded house and receive the homesteaded Agricultural Classification Rate of 0.5%, instead of the 1% Classification Rate for non-homesteaded agricultural land.

To qualify for Agricultural Homestead, your parcels must meet the following requirements:
  • Have at least 10 acres of productive land on the main parcel where you live or on a contiguous parcel you own.
  • Have 10 acres of productive land on any other parcels you own within 4 townships from your main parcel where you live.
  • Productive land must either be farmed by yourself, rented out or in CRP.
 A property may qualify for Relative Agricultural Homestead if a qualifying relative lives on the farm.  For more information, please contact our office.

If you do not live on the farm but have farm land that you are actively farming, you may qualify for the Special Agricultural Homestead, which is an annual reapplication.  For more information, please contact our office.

HOMESTEAD MARKET VALUE EXCLUSION
Homestead Market Value Exclusion is a reduction in Estimated Market Value which results in a lower property tax burden for the qualifying property.  (Certain homesteaded properties do not receive any reduction in Estimated Market Value because the exclusion decreases as the Estimated Market Value increases.)

To qualify for a homestead market value exclusion, you must meet the following requirements:

  • Be a Minnesota Resident.
  • Own and occupy the property as your primary place of residence by December 1st of the assessment year and apply by December 15th of the assessment year (or May 29th for Manufactured Homes on personal property that are not assessed with the land).
  • Be one of the owners of the property, or be a qualifying relative of at least one of the owners. For more information on relative homesteads, please contact our office.

You may apply in person at our office, or call us at 218-463-1861 to request an application to be sent to you.