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State Representative Michael V. Nelson

565 State Office BuildingState Office Building
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-3751

For more information contact: Charlene Briner 651-296-5809

Posted: 2007-02-08 00:00:00
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Column/LTE

Many Minnesotans are Eligible for Property Tax Relief


To the Editor,

One of the issues I hear about most is concern about rising property taxes. Fortunately, there is a program in place right now that can offer immediate relief to property taxpayers. It's called the Minnesota Property Tax Refund Program - also known as the "circuit breaker." As your legislator, I'm committed to ensuring that all of the people who deserve property tax refunds receive them.

There are two property tax refund programs that you may be eligible for. The first applies to homeowners who owned their homes on both January 2, 2006 and January 2, 2007, and saw their net property tax on their homestead increase by more than 12% and at least $100 from 2006 to 2007. The increase cannot be due to improvements in the home, and refunds do not depend on income.

The second program applies to both homeowners and renters and does have income limits. To be eligible, you must be a homeowner with a household income of less than $91,120; or you must be a renter with a household income less than $49,160. Higher income limits apply for those with dependents, for senior citizens or for the disabled and refunds depend on how high property taxes or rents are relative to income.

The Senior Citizens Property Tax Deferral Program allows taxpayers who are 65 years or older to defer a portion of their homestead property taxes until a later time. In this program, the taxpayer pays only 3% of the preceding year’s household income as property tax, deferring the rest until a later time.

For information about requirements for any of the programs described, call the Department of Revenue at (651) 296- 3781 or visit their website at www.taxes.state.mn.us/prop_refund/index.shtml

Remember, it's your money. By taking advantage of the Minnesota Property Tax Refund programs, qualified homeowners can make sure to get it back.

Sincerely,

Mike Nelson
State Representative, District 46A

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