Contact Information

Contact Information

City Assessor's Office

Title

Homestead

Sections

When you homestead your property you are claiming the property as your primary domicile. This typically means the property you own, occupy, register your driver's license, file taxes, vote, receive mail, etc. 

Homestead status 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.

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.

Homestead Market Value Exclusion

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

Apply for homestead

Owners/relatives wishing to apply for homestead status in  Bloomington may do so:

PDF application

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
DO NOT SUBMIT A HOMESTEAD APPLICATION BY EMAIL TO THE CITY OF BLOOMINGTON OR TO THE CITY'S ASSESSMENT OFFICE.

Removing homestead status

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 952-563-8722 or email assessing@BloomingtonMN.gov with any questions.

Notice-of-move form

 

FAQs

For any questions regarding homesteading, please call 952-563-8722 or or visit hennepin.us/homestead