Property Tax Programs and Applications
(This list
includes only the major programs.
Please contact the Aitkin County Assessor’s Office for questions and information
on other programs.)
Regular Homestead:
Provides a tax credit and reduced classification tax rate for property
owners who apply and qualify. The
property must be the owner’s principal and primary residence.
Relative Homestead:
Provides a
tax credit and reduced classification tax rate for property owners who apply and
qualify. The property must be the
qualifying relative’s principal and primary residence.
Blind/Disabled Homestead:
Provides a
greatly reduced classification tax rate for a portion of the market value of a
qualifying homestead. It can be an
owner occupied or relative homestead.
Property cannot be enrolled in the Disabled Veterans Market Value
Exclusion program.
Special Agricultural Homestead:
Provides
homestead treatment to certain agricultural property that is actively farmed by
a qualifying person or entity.
Contact the County Assessor’s Office for more information.
Green
Acres:
May lower
the Estimated Market Value of the productive agricultural portion of an
agriculturally classified property.
Contact the County Assessor’s
Office for more information.
Managed
Forest
Classification:
Those
who apply and qualify receive a special classification tax rate.
Owners must have a forest management plan that is registered with the
DNR. They also cannot be enrolled
in the Sustainable Forest Incentive Act.
Sustainable
Forest
Incentive Act:
This program is for forest landowners that have a forest management plan
and record a covenant saying they will abide by the plan and not develop the
property for at least 8 years. The
application is sent to the State of Minnesota and owners
receive a payment of at least $7 per acre each year that the land is enrolled.
Owners will not qualify for the Managed Forest Classification if they are
in this program.
Covenant
Application
Disabled
Veterans Value Exclusion:
This
program greatly lowers the market value of homestead property that certain
disabled veterans own. If the
veteran is totally and permanently disabled, the veteran owner should qualify
for up to a $300,000 reduction. If
the owner is 70% or more disabled, they may receive up to a $150,000 reduction
in market value. The veteran must
apply with the County
Assessor’s Office and provide required
documentation from the Department of Veterans Affairs or the US Military.
100% Disabled
70-100% Disabled
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