During the last few weeks of the legislative session, the legislature passed, and Governor Dayton signed, a bill that will provide additional property tax refunds for those that qualify.

For renters, the amount of the refund they will receive will increase by 6%, while homeowners will see a 3% increase.  There is no change in who is eligible for the refunds, just more money for those that already do.

For those who have already completed their property tax returns, nothing more needs to be done.  The Department of Revenue will recalculate the additional refund and send the correct amount along with a letter explaining the calculation. Property tax returns filed going forward will be correct from the outset.

The Department will also be sending letters to those taxpayers that appear to qualify for the refund but haven’t filed a 2011 or 2012 property tax return. We make a habit of checking to see which of our clients will qualify, but if you do get a notice from them, please let us know.