Tax Reduction or Credit Programs
There are numerous special programs that affect the amount of property taxes certain properties pay. They may reduce the values used to calculate taxes or they may actually be credits or refunds of property taxes paid. Each has its own set of requirements and most require an application to be completed. Please review the information below and contact us at (507) 304-4251 if you have any additional questions.
See our website for how abatements and other relief for disasters or damaged property affect property taxes.
Property Tax Refund Program (PTR)
The PTR is a statewide program where certain taxpayers are eligible for a refund of some of their property taxes based on their household income and the amount of taxes they paid. Visit the Minnesota Department of Revenue’s website for more information. Forms are available at that website or at our office.
Market Value Exclusion for Disabled Veterans, Primary Family Caregivers & Surviving Spouses
This program provides a market value exclusion for property tax purposes for the homestead property of qualifying veterans and surviving spouses or primary family caregivers of qualifying veterans. Get more information. | Veteran Application | Spouse’s Application | Caregiver Application
Class 1b Blind / Disabled Homestead
This special homestead classification provides a reduced class rate for homestead property of any person who qualifies as blind or as permanently and totally disabled. Get more information. | Application
Senior Citizen Property Tax Deferral
This program may help qualifying seniors who are having difficulty paying their property taxes by limiting property taxes to 3% of income. The state provides a loan for the difference. There are age and income requirements, among others. Get more information and Application.
Green Acres (Minnesota Agricultural Property Tax Law)
This program provides property tax relief for owners of agricultural property in areas where the market value of land is being affected by development pressure, sales of recreational land, or other nonagricultural factors. Get more information. | Application
Rural Preserve Property Tax Program
This program provides property tax relief for qualifying owners of rural vacant land in areas where the market value of the land is being affected by development pressure, sales of recreational land, or other factors. Get more information. | Application
Class 2c Managed Forest Land
This property classification provides a reduced class rate of 0.65% to forested property that is subject to a current forest management (stewardship) plan and that meets other requirements. Get more information. | Application