According to 2013 Tax Bill Improves Property Tax Refunds for Renters and Homeowners, the 2013 tax bill increases maximum refunds and lowers the threshold for qualifying for a property tax refund. The result:
- More than 79,000 renting households will see an average $152 increase in their Renters’ Credit refunds.
- More than 309,000 homeowning households will receive an average $221 increase in their refunds.
- Another 30,000 renting households and 112,000 homeowning households are now eligible for a property tax refund
From the Minnesota Budget Bites blog.
In other words, if you usually get a property tax refund, you might see a modest increase in your refund.
If you didn’t qualify for a property tax refund last year, you should look at the qualification guidelines this year as you might be newly eligible. You can also talk with a tax preparation professional for more assistance.