The Senior Citizen Property Tax Deferment program is administered by the state of Minnesota.
Eligibility Requirements
- Any property tax refunds from the state are applied to the deferred tax.
- In this program, property taxes do not exceed 3% of net income. The rest is paid by the state in the form of a low-interest loan.
- Unpaid tax and interest will become a lien on the property, which is paid at the time of sale.
- You must be 65 years old with a household income of $60,000 or less to apply and have lived in your home for at least 15 years.
Applying
Forms and instructions are available from the Minnesota Department of Revenue.
