Are homesteads on all property the same?

No. The homestead exclusion amount is based on a number of factors. First, the homestead exclusion amount decreases as the property's market value increases over a certain level established by law. Second, not all properties are eligible for full (100%) homestead. Third, there may be other exclusions or reductions attached to homestead properties including but not limited to blind/disabled homesteads and Veteran's Exclusions.

Show All Answers

1. How does a property I own qualify for a homestead exclusion?
2. Why must I provide my Social Security Number?
3. Are homesteads on all property the same?
4. I own and live in a manufactured home located in a mobile home park, are the homestead rules the same?
5. What if I fail to comply with homestead laws or file a false homestead application?
6. What if the owner moves to a nursing home or assisted living facility?
7. My neighbor goes “South” every winter. How long can an owner be gone without losing their homestead?
8. We own two properties in Minnesota and live at each for 6 months, can we claim homestead at both?
9. What if the owner is in the military and is absent due to active service?
10. Can I claim homestead in one home and my spouse claim homestead in another home?