Minnesota Special Property Tax Refund

John Csargo

The recent Minnesota bill signed into law by Governor Walz increased refund amounts for the 2022 Homestead Credit Refund (for Homeowners) and Renter’s Property Tax Refund as follows:

Refunds for Homeowners and Renters based on income.

Refunds for homeowners and renters were increased by 20.572%. Taxpayers who had already filed a 2022 Form M1PR may see a larger refund than originally claimed as Minnesota Revenue will adjust your return to reflect the tax law change.

Refunds for Homeowners due to a significant increase in real estate taxes.

Homeowners may now qualify for a special refund if their property tax increased by more than 6% — rather than 12% under old law — from 2022 to 2023.  Minnesota Revenue will adjust your return for the tax law change if you had already filed a 2022 Form M1PR claiming a refund due to an increase in property tax of 12%.

To be eligible for this refund the following must apply:

  • You owned and occupied your home on January 2, 2022 and January 2, 2023
  • Your net property tax on your homestead increased by more than 6% (was 12% under old law) from 2022 to 2023.
  • The increase was at least $100.

Boyum Barenscheer will be analyzing client files to assess if a return should be filed due to a 6% increase in real estate taxes rather than the 12% which calculated under old law.  If you qualify for a refund, we will prepare a year 2022 property tax return for you.  Our target completion for this analysis is December 31st.  The due date for filing for this refund is August 15th of 2024.  Our analysis should be done well in advance of the due date.

Most Metro counties had property tax increases below 6% but your property tax may have increased by over 6% due to increased rates from special taxing districts assessed on your property. In any event, if you qualify and have not previously filed a 2022 Minnesota Property Tax refund claim we will prepare one for you late in the year but well before the final due date.


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