Rice County Issues Reminder: Homestead Tax Classification Deadline for 2025 Approaches

The deadline for a crucial tax advantage is drawing up, so Rice County residents who have bought or moved into a new home should be aware of it. Those who want to benefit from the property tax homestead categorization for the 2025 tax year and the eligibility for a Property Tax Refund must act promptly, the county said in a public notice.

Residents must submit an application to the county assessor by December 31 in order to obtain the homestead classification, which can have a significant impact on their property taxes. Whether by blood or marriage for inhabited residences, the county defines a “qualifying relative” as any of the following: parents, children, and extended family members such as uncles, aunts, and grandparents. These links are a little closer when it comes to vacant farmland, with an emphasis on close relatives like siblings or children.

Timeliness is essential because applications submitted after the December 31 deadline will not be taken into account for the 2025 tax year. The good news for homeowners is that, unless the county assessor asks it, a homestead classification usually does not require an annual reapplication. The county mandates that people get in touch with the assessor if their situation has changed in the last 12 months, such as if they no longer satisfy the qualifying requirements or their use of the property has changed.

Any change in status, such as selling, moving, or losing your homestead eligibility for any other reason, must be reported to the assessor within 30 days after the event. In a way, the homestead categorization is a continuous contract that requires constant communication to keep the taxpayer and the county informed. The Rice County Assessor’s Office is located in the Government Services Building in Faribault, and can be contacted by phone at 507-332-6102 or by email at [email protected]. They are available to help property owners with their applications or to answer any inquiries.

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