[Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Heads up, 2020 Minnesota home buyers! Anyone who purchased an owner-occupied property in Minnesota in 2020 ” and occupied the...Read More
[Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Heads up, 2019 Minnesota home buyers! Anyone who purchased an owner-occupied property in Minnesota in 2019 — and occupied the property...Read More
Why the Homestead Exemption Matters “If the Property Tax status is part- or non-homestead classification in the year of closing, Seller __ Shall __ Shall Not pay the difference between the homestead and non-homestead.” –lines 78. – 79.; 2015 MAAR-approved Purchase Agreement At least for more expensive Minnesota homes, the rule on non-homestead taxes is blissfully simple:...Read More
Everything You Were Told About Filing for “Homestead” at Closing But Forgot 3 (or 11) Months Later [Editor’s Note: this post originally ran (late) last November. On the theory that that might be cutting it close for some folks, I’ve moved up the date — a bit — this year.] If you bought a home earlier...Read More
