Can I get full homestead with a relative as a co-owner?

Yes. 

According to Minnesota Statute 273.124 (g) …..

(g) If an individual is purchasing property with the intent of claiming it as a homestead and is required by the terms of the financing agreement to have a relative shown on the deed as a co-owner, the assessor shall allow a full homestead classification. This provision only applies to first-time purchasers, whether married or single, or to a person who had previously been married and is purchasing as a single individual for the first time. The application for homestead benefits must be on a form prescribed by the commissioner and must contain the data necessary for the assessor to determine if full homestead benefits are warranted.

Show All Answers

1. What is homestead?
2. What is relative homestead?
3. What is a fractional homestead?
4. What qualifies me for homestead?
5. Can I have more than one homestead?
6. Can I get full homestead with a relative as a co-owner?
7. When do I have to apply by?
8. Do I need to do this every year?
9. Where can I find my property ID?
10. Do I need to enter the "R" or hyphens in my property ID?
11. Do I need to include my spouse? Children?
12. Do I need to upload/attach anything to the homestead application?
13. Why won't the application let me move to the next screen?
14. Why am I getting a letter from the Minnesota Department of Revenue?