Renters Refund Minnesota 2009
By January 31 2010, you should receive your Certificate Of Rent Paid which entitles you to apply for your renters refund. What is the Minnesota Renters Refund? It's the recognition by the state of Minnesota that when you pay rent, you are paying your landlords property tax. The state of Minnesota feels you should receive a renters refund based on the property tax portion of the rent you paid. Your landlord will send you a Certificate Of Rent Paid which will tell you how much rent you paid and will multiply it by .19 or 19% of the rent you paid. This is the amount of rent the state of Minnesota will apply towards your renters refund. Don't assume that the actual amount of rent you paid will be used in calculating your renter refund. Check out our page on Certificate Of Rent Paid for why your rent refund may be calculated by an even split of rent paid by the total household.
Minnesota form M1PR is what you will use to request your renters refund. The ability to receive this refund is based on your household income and the amount of rent paid listed on the Certificate Of Rent Paid.
As of 2009 the max renters refund is $1430.00 this is based on the renters household income and dependants.