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Homestead

What is Homestead ?

When you Homestead your property you are claiming the property as your primary domicile.  Which typically means this is the property you own, occupy, register your driver's license, file taxes, vote, receive mail, etc.  Homestead can provide a monetary reduction in taxes by reducing the property's taxable market value up to a certain value amount.  The program can also qualify you for other programs such as the disabled veterans market value exclusion, senior citizens property tax deferral, and property tax refund.

Who Qualifies for Homestead?

The homestead classification applies to properties that are physically occupied by the owner or owner's qualifying relative as the principal place of residence.  The occupant must also be a Minnesota resident.

How does the Homestead Market Value Exclusion Work?

The State of Minnesota encourages home ownership by providing owner-occupied properties a reduction in their property taxes. The amount of the homestead exclusion varies depending on the market value of the property. The maximum value amount of the exclusion is $30,400 for residential properties with a market value of $76,000. As the property’s market value increases above $76,000, the amount of the exclusion decreases (shown in the graph below).  The homestead classification can reduce the taxes on a residential property up to $304 per year.

Homestead Exclusion Graph

 

How can I apply?

Owners/Relatives wishing to apply for homestead in the City of Bloomington may do so by mail, through the Hennepin County online portal (Hennepin County EGOV),  or in person to the City of Bloomington Assessor’s office.  See below for the list of required documentation that must accompany your application. 

New Owners

  • Homestead Application
    • Supporting Documents:
      • Deed and eCertificate of Real Estate Value (eCRV)  (typically provided at closing)
      • Minnesota Driver's License or Minnesota State ID
      • Social Security Numbers for all owners (even for spouses not listed on deed or ITIN if applicable)
      • Signature of each owner and spouse

Re-Occupying or Existing Owners

  • Homestead Application
    • Supporting Documents:
      • Minnesota Driver's License or Minnesota State ID
      • Social Security Numbers for all owners (even for spouses not listed on deed or ITIN if applicable)
      • Signature of each owner and spouse

Relative Homestead

  • Homestead Application
    • Supporting Documents:
      • Deed and eCertificate of Real Estate Value (eCRV)   (typically provided at closing)
      • Occupant and Spouse Minnesota Driver's License or Minnesota State ID
      • Occupant Social Security Number and Spouse's SSN or ITIN (whether occupying or not) 
      • Owner, Occupant, and spouse's signatures on application
      • Owner's current address and contact information

Homestead applications with supporting documents can be submitted online, mail, or in person.

DO NOT SUBMIT A HOMESTEAD APPLICATION BY EMAIL TO THE CITY OF BLOOMINGTON OR TO THE CITY'S ASSESSMENT ASSISTANTS DIRECTLY.
  • City of Bloomington Assessor's Office
    1800 W Old Shakopee Rd
    Bloomington, MN 55431-3027
  • 952-563-8723

Removing Homestead

If you move or at any time your property is sold or you change primary residence, State law requires you to notify the City Assessor's Office within 30 days.  To remove your homestead please fill out the attached form below and email to either of our Assessment Assistants. Please call or email with any questions.

Assessment Assistants Email:  mtaillefer@bloomingtonmn.gov or sziminske@bloomingtonmn.gov

Notice of Move Form:    PDF iconNotice of Move.pdf

QUESTIONS

For any questions regarding homestead please call 952-563-8723 or see our FAQs or visit http://www.hennepin.us/homestead