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4. AS A HOMESTEADING RESIDENT WILL I BE TAXED OFF MY PROPERTY, ESPECIALL Y IF I <br /> 4M ONA LIMITED INCOME? <br /> Homesteading residents are eligible for property tax breaks in Minnesota by use of the Homestead <br /> Classification. This decreases the property taxes on most residences. In addition to the Homestead <br /> Classification, residents of Minnesota are eligible to apply for the Regular Property Tax Refund or the <br /> Special Property Tax Refund. Both of these must be applied for using the M - 1 PR form issued by the <br /> State of MN. The Regular Refund is based on income so check the requirements stated on the form. <br /> You may qualify for the Special Refund if your property tax increased by more than 12% from 2011 to <br /> 2012 and the increase was $100 or more. There are specific guidelines for each refund, which are <br /> included with the instructions for the M - 1 PR. <br /> 5. WHENIS THE COUNTYBOARD OFAPPEAL AND EQUALIZATION? <br /> The Hennepin County Board of Appeal and Equalization begins meeting on: <br /> June 18th, 2012 <br /> All appointments for the County Board and Equalization must be scheduled no later than: <br /> May 23rd,2012 <br /> by calling: 612-348-7050 <br />