Could you use a little extra money during these tight times? Who can’t!  In case you did not know, applications for property tax refunds for property owners and renters in Minnesota are due August 17th:

Who qualifies for a refund?

Renters should have their household income in 2008 less than $52,300.

Home owners qualify if their household income was less than $96,940 (or higher for those with dependents). Also, they must have owned and used the property as their principal residence since January 2, 2009.

Is it too late to get the refund for 2007?

No. Minnesota allows an extra year but the application must be filed by August 17, 2009.

When will I get my refund?

Allow about 60 days after you file.

How much can I get?

The average renter can expect $595 with a maximum of $1,490.

The average home owner’s refund is $695 with a maximum of $2,310.

Where Do I get the forms?

The form M1PR can be downloaded from www.taxes.state.mn.us. You can also apply on line for a small fee. Forms are also available at many libraries.

Get the extra cash from the State Government and  continue having a great summer.