What is the homestead market value exclusion?
The homestead market value exclusion is a property tax program that the Minnesota Legislature passed in 2011 to replace the homestead credit. Homestead market value exclusion effectively reduces a property’s taxable market value for a property that is occupied as a person’s primary place of residence.

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1. What is the homestead market value exclusion?
2. What is the benefit of the homestead market exclusion?
3. How do I qualify for the homestead market value exclusion?
4. Is the amount of the homestead market value exclusion the same amount on all properties?
5. Is there anything else I should know about homestead?