Homestead is a classification granted to properties that are owner-occupied, lowering taxes on that property.
The homestead classification is not automatic or transferred to you by the seller at the time of sale. You must apply for the homestead classification in your name after you purchase and move in.
Any property owner who is a Minnesota resident and occupies the property as their primary residence may apply for the homestead classification.
To be eligible you must own and occupy the property as your primary residence on January 2 or December 1, in order for taxes payable the following year to be classified as homestead. Application must be made no later than December 15.
State law also provides for the homestead classification to be extended to properties that are occupied by a qualifying relative of the owner. Special application is required and must be made in person by the owners and relative occupying the property. For more information on the relative homestead classification, contact the Assessor's office.
Homestead properties pay a lower property tax than non-homestead properties. In addition, only owners of homestead property are eligible for the State Property Tax Refund.
After the application is processed, a homestead declaration card will be mailed to you. This card must be signed and returned to the Hopkins Assessor's office. The homestead classification will remain with the property until it is sold, rented, or no longer used as your primary residence. In these instances, you must notify the City of Hopkins within 30 days of the change.
Questions? Call 952-548-6310.