At the 12/1 Council meeting, a question and discussion ensued around the "homestead exclusion and calculation" and the County provided a link to the MN DOR page providing definition, calculation and examples. Additional links on the page explain how to qualify and apply for the homestead exclusion as well as property tax deferral for senior citizens. Please reference the following link: Homestead Market Value Exclusion | Minnesota Department of Revenue
Questions can be directed to the State at 651-556-6091 or County Assessor office at 507-526-6201.