To qualify for a homestead, a property must be both owned and occupied by the owner on January 2 of the assessment year for a full homestead or on December 1 of the assessment year for a mid-year homestead. You must also be a Minnesota resident and applications must be received by December 31st.
Certificate of Real Estate Value
A CREV (Certificate of Real Estate Value) must be filed at the auditor’s office to receive the homestead classification if the consideration is greater than $1,000. The interest of a purchaser under a contract for deed entered into prior to January 2 is sufficient to entitle the property to a homestead classification if the purchaser is in actual occupancy of the property on January 2.
Obtain a Homestead Application (PDF) online, call the Assessor’s Office at (507) 375-1205 or stop by the assessor’s office in the Watonwan County Courthouse at: 710 Second Avenue S St. James, MN 56081