Minnesota allows a property tax credit to renters and homeowners who were residents or part-year residents of Minnesota during the tax year.
Who can claim the credit?
Homeowners with household income less than $128,280 can claim a refund up to $3,140. Homeowners and mobile home owners:
- must have owned and lived in your home on January 2, 2023
- must have the property classified as your homestead (or applied for the classification)
- must have a valid Social Security Number (If married filing jointly, at least one spouse must have a valid SSN)
- must have paid or have an arrangement to pay any delinquent property taxes on the home (if any).
You may qualify for $1,000 in additional credits if:
- You lived in your home on January 2, of 2022 and January 2, 2023
- Your net property tax increased by more than 12% from 2022 to 2023 AND
- The increase was at least $100.
Renters with household income of less than $69,520 can claim a refund up to $2,440. You must have lived in a building where the owner of the building:
- Was accessed the property tax
- Paid a portion of the rent receipts instead of the property tax
- Made property tax payments to a local government in place of property taxes.
Renters who are residents of another state but present in Minnesota for more than 183 days, may be able to claim the refund. Contact the building owner if unsure if property taxes were assessed on the building.
Who cannot claim the credit?
- Dependents claimed on another person's return cannot claim the credit. If you lived with your parents, grandparents, siblings, etc., and were under age 19 (24 if full time student) and did not provide more than 50% of your own support, you are not eligible to claim the credit.
- Full year residents of Michigan or North Dakota may not claim the credit.
- If you’re a non-resident alien living in Minnesota and gross income was under $4,400 and 50% of your support is from a relative.
- If you have a relative homestead, neither the owner or the occupant may claim the credit.
Can I E-file the form?The M1PR return can be e-filed with the Minnesota return or separately. Within the e-file process, you will be asked what returns you wish to e-file.
What do I need to know about my refund?
The 2022 return must be electronically filed or postmarked by August 15, 2023. The deadline for claiming the 2021 refund is August 15, 2023.
- The refund will be deposited into the account indicated in the e-file process. The account cannot be a foreign account.
- If the banking information is incorrect, the state will issue a paper check and mail it to the address on the tax return.
- If you owe a past due obligation, the refund may be applied to amount you owe.
Generally, refunds are issued within 60 days of August 15, for renters or September 30, for homeowners. If you file after that date, the return will usually take about 60 days to be processed and a refund issued.