Senior Citizen Property Tax Deferment

This is not a tax forgiveness program.

The Senior Citizen Property Tax Deferral program ensures taxes don't exceed 3 percent of net income. The rest is paid by the state in the form of a low interest loan that becomes a lien on the property. At the time of sale or when the deferral is canceled, the loan plus interest must be paid.

Eligib​​ility

To qualify, you must:

• Be 65 years old. ​If married, one spouse is 65 or older, and the other is at least 62.​
• Have a household income of $96,000 or less.
  
• Have lived, owned and homesteaded your home for the last five years

Apply​ing

This program is administered by the state. Applications are due by Nov. 1 to defer your property taxes for the following year.

Forms and instructions are available from the​ Minnesota Department of R​evenue.​