Inot Minnesotaeligible owners can access a one-time payment for up to $2,930 thanks to the family credit repayment program set up by the state authorities, offering relief to people struggling with high property taxes relative to their income.
In other words, the amount of income an individual earns is directly related to the amount of reimbursement, as the program states, more income results in a reduction in the maximum reimbursement.
In addition, claimants can expect the threshold percentage and/or share of tax exceeding the threshold or copayment percentage to also increase.
While those whose income exceeds the $119,790 are not eligible to participate in this tax refund.
Deductions are still allowed for dependents or claimants over the age of 65.
Where and how to apply for this property tax rebate
All complaints should be filed with the Minnesota Department of Revenueusing Form M1PR.
This form must be filed separately from the taxpayer’s individual form.
Those who lodge their complaint before August 15, 2023 will start seeing payments just over a month after that date.
While taxpayers who do not file their taxes by August 15, 2024 will not receive a refund.