Todd's Tax Service LLC
Advice - Planning - Preparation

Advice - Planning - Preparation

M1PR FAQ MN Property Tax

Am I eligible for a property tax refund on my principal residence?  We automatically check this for all clients. All M1PRs are efiled, and a copy sent to you upon completion. Your fee includes
this form.

What types of income are included in the "household income" calculation for this credit?
For this credit, income includes federal adjusted gross income plus all non-taxable income
received by the household. Child support, however, is not included in income.

When are refunds issued?  Refund dates are approximate - August for renters.  Late September/  Early October for homeowners.

When is the M1PR form due?  August 15. (There is a 1 year grace period)

How will the elimination of the "Homestead credit" affect my property tax bill?  The Minnesota legislature eliminated the homestead credit during it's last legislative session. The homestead credit appeared as a credit on your property tax bill. County government may or may not adjust the tax bill to offset the loss of the credit. The loss of the homestead credit is unrelated to Minnesota's property tax refund system.

Why was my refund amount different from what you told me at tax time?  For refunds associated with the 2013 M1PR (issued in 2014), the legislature passed legislation that increased the refunds by a small amount. This was done very late in the 2014 filing season after many property tax returns were already filed. The Minnesota Department of Revenue automatically changed the refund amount to the higher amount.

Why has my neighbor received their property tax refund before me?  Timing of refunds can depend on a variety of factors including whether or not your return was filed electronically, the date it was filed, whether your return is flagged for review etc. We can't tell you when you will receive your refund. Most clients at Todd's Tax Service LLC will receive their refunds earlier rather than later because all M1PRs are filed electronically and early in the filing season.
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