Maria purchased a home in Hennepin County in September and moved in immediately as her primary residence. She wants to receive the homestead market value exclusion for the following tax year. By what date must Maria file her homestead application with the county assessor?
Correct Answer
C) December 1 of the current year
Under Minnesota's homestead classification rules (Minn. Stat. § 273.124), property owners must apply for homestead status through the county assessor by December 1 of the current year in order to receive the homestead market value exclusion for the following tax year. Maria moved in during September, so she has until December 1 to file and qualify for next year's benefit.
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