MN Property Tax Refund Table for Homeowners and Renters

The Minnesota property tax refund table sets three numbers for every income bracket: the share of your income the state treats as a reasonable property tax burden (the threshold percentage), the share of any excess tax you absorb yourself (the copay percentage), and the ceiling on what the state will pay back (the maximum refund). For 2025 taxes payable, filed in 2026, homeowners with household income up to $135,409 qualify, with maximum refunds reaching $3,310 at the lowest income levels and shrinking as income rises. Renters use a separate credit with its own income limit and form.

The Homeowner Refund Table

As your household income climbs through the table, all three variables move against you. The threshold rises, so more of your tax bill counts as “normal.” The copay percentage rises, so you absorb a bigger share of what sits above the threshold. And the maximum refund shrinks. The statute contains 23 income brackets in all. These rows show how the numbers shift across the range:¹

$0 to $2,079: 1.0% threshold, 12% copay, $3,310 maximum
$10,440 to $14,619: 1.5% threshold, 17% copay, $3,310 maximum
$22,950 to $29,239: 2.0% threshold, 22% copay, $3,310 maximum
$35,510 to $50,099: 2.0% threshold, 32% copay, $3,310 maximum
$50,100 to $73,059: 2.0% threshold, 32% copay, $2,680 maximum
$83,500 to $93,939: 2.1% threshold, 37% copay, $1,940 maximum
$114,820 to $121,089: 2.4% threshold, 42% copay, $1,280 maximum
$130,350 to $135,409: 2.5% threshold, 47% copay, $650 maximum

At household income of $135,410 or more, you drop out of the program entirely.¹ The state adjusts these brackets periodically for inflation, so check the current Form M1PR instructions against the figures in statute before you file.

How to Use the Table to Calculate Your Refund

Once you have your household income and your net property taxes payable from your county’s Statement of Property Taxes Payable, the math runs in five steps.

Find your bracket in the table and note the threshold percentage, copay percentage, and maximum refund.
Multiply your household income by the threshold percentage. That gives you the threshold amount — what the state treats as a manageable tax bill at your income.
Subtract the threshold amount from your net property taxes payable. If your taxes come in below the threshold, you don’t qualify.
Multiply the excess by your copay percentage and subtract that from the excess. What’s left is your preliminary refund.
Compare the preliminary refund to the maximum for your bracket. Your refund is the lower of the two.

A worked example: household income is $45,000 and net property taxes are $3,500. That puts you in the $35,510–$50,099 bracket, with a 2.0% threshold, 32% copay, and $3,310 maximum. The threshold amount is $45,000 × 2.0% = $900. The excess tax is $3,500 − $900 = $2,600. The copay is $2,600 × 32% = $832. The preliminary refund is $2,600 − $832 = $1,768. Because that’s below the $3,310 cap, your refund is $1,768.¹

What Counts as Household Income

Which bracket you land in depends on how Minnesota defines household income, and the definition is broader than federal adjusted gross income. It covers all income received by every member of your household during the calendar year, including Social Security benefits, tax-exempt interest, nontaxable pension income, and other items that never appear on a W-2.²

Two subtractions are worth tracking. The statute allows a deduction for dependents, and claimants who are 65 or older or disabled can exclude certain Social Security or railroad retirement payments that were already excluded from federal adjusted gross income. Either can lower your household income figure enough to shift you into a more favorable bracket.

The Renter’s Credit Table

Renters are not covered by the homeowner table and no longer file Form M1PR at all. Starting with the 2024 tax year, the renter’s credit is claimed as a refundable credit on your Minnesota income tax return using Schedule M1RENT, filed with Form M1.³

For 2025 filings, the maximum renter’s credit is $2,720, and household income must be below $77,570. The income figure here uses adjusted gross income with subtractions for being 65 or older, disabled, or claiming dependents, which is a narrower measure than the household income used on the homeowner side.³ Under state law, 17% of your gross rent is treated as the portion going toward property taxes.² You’ll need a Certificate of Rent Paid from your landlord or park owner to document the amount, and because the credit now rides on your income tax return, the deadline is April 15 rather than the August date homeowners use.

The Special “Targeting” Refund for Large Tax Increases

Separate from the income-based table, homeowners can qualify for a second refund when their property tax bill jumps sharply from one year to the next. Income does not factor in. To qualify, your net property tax must have increased by more than 12% over the prior year, and the dollar increase must be more than $100. You must have owned and lived in the same home on January 2 of both years, and any portion of the increase traceable to improvements you made is excluded.⁴

The refund equals 60% of the increase above the greater of 12% of the prior year’s net tax or $100, capped at $1,000. You claim it on the same Form M1PR as the regular homestead credit refund, and you can receive both in the same year.⁵

Eligibility and Filing Basics

For the homeowner refund, you must own and occupy the home as your principal residence, be a Minnesota resident for the calendar year of the claim, and not be claimed as a dependent on someone else’s tax return. The homestead covers the dwelling plus up to ten acres reasonably necessary for residential use; on agricultural land, only the first acre counts.²

Homeowners file Form M1PR either electronically or on paper. The general deadline is August 15, though for 2025 returns the actual due date is August 17, 2026, because August 15 falls on a weekend. Late returns are accepted up to one year after the due date.⁶ Form M1PR instructions for the current year carry the most up-to-date version of the table and should be your check before you run the numbers.⁷

1
Minnesota Office of the Revisor of Statutes. Minnesota Statutes 290A.04 – Refund Allowable
2
Minnesota Office of the Revisor of Statutes. Minnesota Statutes 290A.03 – Definitions
3
Minnesota Department of Revenue. Renter’s Credit
4
Minnesota Department of Revenue. Homeowner’s Homestead Credit Refund
5
Minnesota House of Representatives. Targeting Property Tax Refund
6
Minnesota Department of Revenue. Filing for a Property Tax Refund
7
Minnesota Department of Revenue. 2025 Homestead Credit Refund Forms and Instructions