What does a homestead classification mean?
The residential homestead classification provides a property tax credit for property that is owned and occupied by the owner. The amount of credit is shown on your property tax statement and is deducted from your property tax bill.
What qualifications need to be met for the homestead classification?
In order to receive the homestead classification, you must submit an application to the County Assessor. To qualify for the homestead classification, you must:
You may be considered to be a Minnesota resident if all or some of the following conditions apply to you:
How do I apply for homestead?
Applications are available at the Steele County Assessor's Office or you may find the applications in the "Applications" section of this web site on the left hand side.
When should I apply for homestead?
After purchasing and moving into your home, you should apply for the homestead classification as soon as possible. You must purchase and occupy your home by December 1, and the homestead application must be turned into the County Assessor's Office by December 15 to be eligible for the homestead classification for taxes payable in the following year.
How often must I apply for homestead?
If your property is granted the homestead classification, it is not necessary for you to reapply for the classification.
Can I have more than one homestead?
No, you may only claim one homestead. However, if you change residences during the year, you can apply for homestead at the new residence. You must notify your County Assessor that you have changed your primary residence and you must complete and sign a homestead application.
Can a relative of the owner qualify for the residential homestead classification?
Yes, certain relatives can qualify for the residential relative homestead classification. The relative may be the owner's parent, stepparent, child, stepchild, grandparent, grandchild, brother, sister, uncle, aunt, nephew, or niece. This relationship may be either by blood or by marriage.
To apply for the residential relative homestead classification, the relative must complete and sign the Residential Relative Homestead Application. The owner of the property must also sign the residential relative homestead application. Applications for this particular classification must be picked up in the Steele County Assessor's Office or you can call and request this application to be sent to you by calling (507)444-7435.
To qualify for the residential relative homestead classification, the relative must: (All three must apply).
Can property held under a trust qualify for homestead?
Property held under a trust may qualify for homestead. Applications are available at the Steele County Assessor's Office or you may find the application in the "Applications" section of the web site.
Who do I contact if I have more questions about the homestead classification?
Please contact the Steele County Assessor's Office at (507) 444-7435.