Property Tax Exemption
Property may qualify for property tax exemption if the property is (1) owned by an exempt institution, (2) used for exempt purposes, and (3) reasonably necessary to further the mission of the exempt organization.
The organization seeking exemption must prove to the assessor that the property qualifies for exemption under Minnesota law.
Buying a property? Keep this in mind.
Taxes are based on the classification of the property the previous year. This means the purchase of a property by an exempt organization will not have an impact on the taxes that are payable in the current year. Keep this in mind during closing and plan accordingly.
The date of purchase impacts when the property may become exempt from property taxes.
- Properties purchased by an exempt organization from January 1 to June 30, 2018, may be eligible for exemption from taxes payable in 2019
- Properties purchased by an exempt organization from July 1 to December 31, 2018, may be eligible for exemption from taxes payable in 2020
In order to be considered for property tax exemption, exempt organizations that acquire new property must submit an application to the City of Minneapolis Assessor's Office.
Applications are due on February 1 of the year exemption is sought, or 30 days after the purchase of the property.
Please see the “Property Tax Exemption Checklist” below for a list of documentation to include with your application.
Applications and supporting materials should be sent to [email protected], or the City of Minneapolis Assessor's Office. If mailing your application, a CD or flash drive is preferable to printed copies.
- Application for Property Tax Exemption, General (Form CR-PTE)
- Application for Property Tax Exemption for Nursing Homes and Boarding Care Homes (Form CR-NBH)
- Institution of Purely Public Charity Application for Property Tax Exemption (Form CR-IPPC)
- “North Star” Factors Survey
- Property Tax Exemption Checklist
Last updated Jan 16, 2019