Homestead Credit Refund For Homeowners And Renters Property Tax Refund - Minnesota Department Of Revenue - 2017 Page 27
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28Special Property Tax
How is my
Programs
information used?
The information you provide on your
tax return is private under state law.
If you qualify and wish to participate,
Senior Citizens Property Tax
We use this information to determine
you must apply by July 1 to defer a por-
Deferral Program
tion of the following year’s property tax.
your liability under Minnesota tax
Applications are available at
laws and for other tax administra-
What is it?
state.mn.us or from your county auditor’s
The Senior Citizens Property Tax Deferral
tion purposes. We cannot give this
office.
Program may allow you to postpone pay-
information to others without your
ing—or defer—a portion of your homestead
For questions related only to this program,
consent, except that certain other
property taxes, as well as special assess-
call 651-556-4803.
government entities may have access
ments.
to this information, if allowed by
Special Homestead
If you are eligible and wish to participate in
law. For more information about how
Classification for certain
the program, you will need to pay no more
your information is used, including
than 3 percent of your household income
a complete list of the entities it may
persons who are blind or
(as stated on line 6 of the return) toward
be shared with, go to
disabled
your property taxes on your homestead each
state.mn.us and type Use of Infor-
year. The state will loan you the remaining
What is it?
mation in the Search box.
amount—the deferred tax—and will pay it
The Special Homestead Classification
directly to your county.
(class 1b) provides a reduced property
tax classification rate on the first $50,000
You must pay the deferred tax plus interest
of market value of a qualifying person’s
back to the state. Also, when you apply for
a homestead credit refund or when you are
homestead.
due a state income tax refund, your refund
Eligibility Requirements
will be applied to your deferred property tax
To receive the special classification on the
total. You will be notified when a refund is
qualifying person’s homestead, you must
used to reduce the amount of your deferred
apply to your county assessor by October
tax.
1st for taxes payable the next year.
If you participate, a tax lien will be placed
For this property tax classification, a quali-
on your property. You, or your heirs, will
fying individual is generally someone who
need to repay the deferred amount before
is blind or permanently and totally disabled:
you can transfer title of the property.
Blind: A person is considered blind if an
Eligibility Requirements
eye doctor has determined their visual acu-
To participate in the program, you must
ity does not exceed 20/200 or their field of
meet all of the following requirements:
vision is not more than 20 degrees.
• You must be at least 65 or older. If you’re
Disabled: A person is considered perma-
married, one spouse must be at least age
nently and totally disabled for purposes of
65 and the other spouse at least 62.
this classification if they have a condition
• Your total household income may not
that is considered permanent in nature and
exceed $60,000.
totally prevents them from working. They
• You, or your spouse if you are married,
must also receive payments from a qualify-
must have owned and occupied your
ing agency because of their disability.
homestead for the last 15 years. The
For more information:
homestead can be classified as residen-
tial or agricultural, or it may be part of a
• Go to state.mn.us and type
multi-unit building.
Class 1b in the Search box, or
• There must be no state or federal tax liens
• Contact your county assessor.
or judgment liens on your property.
• The total unpaid balance of debts secured
by mortgages and other liens against your
property cannot exceed 75 percent of the
estimated market value of your home-
stead.
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