According to Minnesota Statute 273.124, residential real estate that is occupied and used for the purpose of a homestead by its owner, who must be a Minnesota resident, is a residential homestead.
Agricultural land, as defined in section 273.13, subdivision 23, that is occupied and used as a homestead by its owner, who must be a Minnesota resident, is an agricultural homestead.
For information on the repeal of the Homestead Market Value Credit, please view the Recent Changes in Homestead Benefits (PDF)
The question of how long it is possible to be away from one's home and still have it considered a person's place of residence for homestead purposes defies an answer.
Homestead is a fact situation. To be eligible to receive the homestead classification, the property owner or qualified relative must:
- Be a Minnesota resident;
- Own the property or be related to the owner as provided for in statute; and
- Occupy the property as the primary place of residence.
Properties failing to meet these requirements may receive a nonhomestead classification.