Instructions For Minnesota Property Tax Refund (Page 11 of 24) in pdf

Schedule 1 —

Homeowners with net property tax increases of more than 12%

Special property tax refund

you are filing only for the special refund —

Did you rent out part of your home

and attach the worksheet to your return.

or use it for business?

To qualify for the special refund, you

Line 20

If the same percentage was used for

must have owned and lived in the

both years, do the following:

Fill in the amount from line 2 (2001

same home both on January 2, 2001

column) of your Statement of Property

Line 19: Fill in the step 3 amount from the

and on January 2, 2002.

Taxes Payable in 2002. If there is no amount

worksheet on page 10 of this booklet.

on line 2, use the amount from line 6 in the

You may be entitled to a special refund if

Line 20: Fill in the amount from step 3 of

2001 column of your Statement of Property

you are a homeowner whose:

the worksheet on page 9 of the 2000 Form

Taxes Payable in 2002.

• net property tax on your homestead

M1PR instruction booklet.

increased by more than 12 percent from

If the entries in the 2001 column of your

2001 to 2002, and

Lines 21-28: Complete as usual.

Statement of Property Taxes Payable in 2002

• the increase was $100 or more.

are all N/A, call the department at the

If in 2001 you used a higher percent-

numbers listed on the front cover. Attach

You may qualify for this special refund even

age for your home than you did in

the 2001 property tax statement to your

if you do not qualify for the 2001 regular

2000, do the following:

Form M1PR.

property tax refund. To determine if you

Line 19: Multiply line 1 of your 2002

qualify and, if so, the amount of your

If you are applying for the special refund,

Statement of Property Taxes Payable by

refund, fill out Schedule 1 on the back of

there must be an amount listed on line 20

the percentage used as your home in 2000.

Form M1PR.

of your Form M1PR.

Line 20: Fill in the amount from step 3 of

You must attach your Statement of Property

Line 21

the worksheet on page 9 of the 2000 Form

Taxes Payable in 2002 to your Form M1PR.

Fill in the amount of your special property

M1PR instruction booklet.

tax refund from line 13 of your 2000 Form

Note: Read the section “Special Situations”

Lines 21-28: Complete as usual.

M1PR. If the amount was changed by the

on this page. If any situation applies to you,

Department of Revenue, use the corrected

follow the instructions given in that section.

If in 2001 you used a lower percentage

amount. If you did not receive a special

for your home than you did in 2000, do

Line 19

refund, fill in zero on line 21.

the following:

Unless you have an amount listed on your

Line 19: Fill in the step 3 amount from

Statement of Property Taxes Payable in 2002

Special situations

the worksheet on page 10 of this booklet.

for new improvements, fill in the amount

Did you change acreage?

from line 1 of your Statement of Property

Line 20: Multiply line 2 of your 2002

Nonfarmers: If the tax on line 1 of your

Taxes Payable in 2002.

Statement of Property Taxes Payable by

Statement of Property Taxes Payable in 2002

the percentage used for your home in

New improvements: If you had new

is not based on the same acreage as the tax

2001 (the percentage from step 2 of the

improvements in 2002, you must complete

on line 2 of the statement, call the depart-

worksheet on page 10 of this booklet).

the worksheet below to determine the

ment at the numbers listed on the front cover.

amount to fill in on line 19. New improve-

Line 21: Multiply line 13 of your 2000

Farmers: Fill in the tax from lines 1 and 2

ments may include construction of a new

Form M1PR by the proportion your 2001

of your Statement of Property Taxes Payable

building, an addition, or an improvement to

percentage used for your home is to the

in 2002 on lines 19 and 20 of Form M1PR,

an existing home.

2000 percentage used for your home.

even if you bought or sold land in 2001.

You must report your income on lines 1

Your refund is now based only on the tax on

Lines 22-28: Complete as usual.

through 8 of your Form M1PR — even if

your house, garage and one acre.

Worksheet for homesteads with new improvements

1 Amount of tax from line 1 of your Statement of Property Taxes Payable in 2002.

Also fill in this amount on line 11 of your Form M1PR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Amount of your Taxable Market Value in the 2002 column as listed on your

Statement(s) of Property Taxes Payable in 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Amount of new improvements in the 2002 column listed on your

Statement(s) of Property Taxes Payable in 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Subtract step 3 from step 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 Divide step 4 by step 2 and convert to a percentage (round to the nearest whole percentage).

Fill in the resulting percentage here and on the space provided on line 19 of your Form M1PR . . . . . . . 5

6 Multiply step 1 by the percentage on step 5. Also fill in this result on line 19 of Schedule 1 . . . . . . . . . 6

Now, complete lines 20 through 28 of Form M1PR to determine if you are eligible for the special refund.

If you are required to fill out this worksheet, you must report your income on lines 1 through 8 — even if you are filing

for only the special refund — and attach this worksheet to your Form M1PR.

Instructions For Minnesota Property Tax Refund Page 11

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