Homestead Tax Credit is a property tax reduction program, intended to keep taxes lower on owner-occupied homes, according to Minnesota Statute 273.124. Property taxes are significantly lower on owner-occupied property than they are on other residences, commercial property or apartments.
In order to receive homestead classification, you must present proof of ownership, complete a homestead application and provide the social security numbers of all owners. You must be listed as the owner on county tax records.
Applications must be submitted to Clay County. More information on the program is available on the Clay County Minnesota website.