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When you live off campus some of your rent goes to pay for property taxes on the property in which you live. Many learners are unaware that they may be eligible for a tax refund from the State of Minnesota for nearly 20% of the rent they pay in any calendar year. After the first of the year you will receive a "Certificate of Rent Paid" form in the mail from Bluff City Properties Inc. Eligible renters may get a check back from the State of Minnesota based on this documentation.
Example: Rent Paid equals $400 per month times 12 equals $4800.
You may be eligible for a tax refund of up to $960
Actual monthly rent considering tax refund may be only $320 out of pocket based on $400 monthly rent!
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