Property Tax Refunds Increased This Year; Reminder to File
ST. PAUL, MINN. – The deadline to file your property tax returns is just a few weeks away on Friday, August 15. This past session the legislature made a number of changes to increase eligibility and refund allowances for both the Homestead Credit Refund and Renters’ Refund programs. Even if homeowners or renters haven’t qualified for a property tax refund in the past, Sen. Tom Saxhaug (DFL-Grand Rapids) encourages constituents to check the new eligibility standards this year.
“We took steps this past session to increase property tax refunds to both homeowners and renters. We realize that everybody works hard, and even a little bit more money in your pocket can make a difference at the end of the day,” said Sen. Saxhaug.
The income limits to receive both the homestead credit and renters’ credit have been increased this year. Likewise, the minimum percentage of income paid toward property taxes in order to qualify for a refund has been lowered. For more detailed information on who qualifies and instructions on how to file, visit: http://senatedfl.mn/2014/07/23/property-tax-refunds-increased-expanded/.