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Minnesota Department of Revenue

Senior Citizen Property Tax Deferral Program

600 Robert St N, St. Paul, MN, 55101-2228

Distance: 1063 Miles

(651) 556-4803

Website

https://www.revenue.state.mn.us/senior-citizens-property-tax-deferral-program

Service Details

Description

Helps senior citizens who were having difficulty paying their property taxes by:
* Limiting the maximum amount of property tax you pay to three percent of your total household income
* Providing predictability because the amount of tax you pay will not change for as long as you participate in this program


The program allows people 65 years of age or older, whose household incomes are $60,000 or less, to defer a portion of their property tax on their home.


This is not a tax forgiveness program -- it is a low-interest loan from the state.


The deferred tax is paid by the state to your county. Interest will be charged on this loan. The interest rate will be adjusted annually, but will never exceed five percent. A lien will attach to your property.


The amount of tax you pay is determined the year you enter the program. Your annual income for the year preceding the year you enter the program serves as the basis for how much you will pay.


Features

  • Specialization
    • Older adults 

Eligibility

In order to qualify for this program, all of the following conditions must be met:



  1. The property must be owned and occupied as a homestead by a person 65 years of age or older. In the case of a married couple, one spouse must be at least 65, and the other spouse must be at least 62, when the first deferral is granted.

  2. The total household income may not exceed $60,000 for the calendar year preceding the year of initial application.

  3. The home must have been owned and occupied as the homestead of at least one of the homeowners for at least 15 years prior to the year of initial application.

  4. There can be no state or federal tax liens or judgment liens on the property.

  5. The total of unpaid debts secured by mortgages and other liens against the property cannot exceed 75 percent of the assessor's estimated market value of the property.


Homeowners with a reverse mortgage do not qualify to participate in this program.


Application Instructions

Applications are available in your county auditor's office. Applications must be made by November 1 to defer a portion of the following year's tax. You may apply in the year in which you become 65 years old, but no deferral will be allowed until the following year.


Area Served

Statewide


Websites

Phone Numbers

Type Number Hours
Main (651) 556-3000
Toll Free (800) 657-3666

Last Update

2/13/2020

Other Locations

This provider does not offer this service at other locations.

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