NEAR FINAL DRAFT 8/1/24
                                                                                                                            *245511*

2024 Schedule M1PR-SR, Special Refund
Complete Schedule M1PR-SR, Special Refund, to calculate your 2024 special refund. To qualify, you must have owned and lived in the 
homestead reported on Form M1PR both on January 2, 2024, and on January 2, 2025. The instructions for this schedule are in the 
2024 Form M1PR instructional booklet. 

Your First Name and Initial           Last Name                                                                             Your Social Security Number 

  1    Line 1 of Statement of Property Taxes Payable in 2025. If the Statement does not list an amount for new
     improvements or expired exclusions, skip lines 2 and 3 and enter this amount on line 4.... ...... ..... ..... 1     
  2     If the Statement lists an amount for new improvements or expired exclusions, complete and enclose  
     Worksheet 3 from the instructions and enter the percentage from Step 3 here. . ...... ...... ...... ..... .. 2     

  3    Multiply line 2 by the percentage on line 3... ...... ..... ....... ..... ...... ..... ..... ...... ...... ..   3       
  4   If you did not have new improvements or expired exclusions, enter the amount from line 1.
     If you had new improvements or expired exclusions, subtract line 3 from line 1 ..... ...... ...... ..... .... 4       
  5    From your Statement of Property Taxes Payable in 2025, enter the amount from line 2 (2024 column).
     If there is no amount on line 2, see instructions  . ...... ...... ...... ..... ..... ...... ...... ...... ....  5     

       Disabled Veterans Homestead Exclusion (see instructions)

  6    Special refund (not your regular refund) from line 20 of your 2023 Form M1PR.     ... ...... ..... ....... ....   6     
  7    Subtract line 6 from line 5 (If result is a negative number or more than line 4, STOP HERE;
        you are not eligible for the special refund) .... ...... ..... ...... ..... ....... ..... ..... ...... ...... .  7       
  8    Subtract line 7 from line 4 (if result is less than $100, STOP HERE;  
     you are not eligible for the special refund) .... ...... ..... ...... ..... ....... ..... ..... ...... ...... .   8       

  9    Multiply line 7 by 12% (.12) .. ....... ..... ..... ...... ..... ...... ...... ...... ..... ...... ..... ....   9       

10     Amount from line 9 or $100, whichever is greater... ...... ..... ....... ..... ...... ..... ..... ...... .  10       

11     Subtract line 10 from line 8 (if result is zero or less, STOP HERE; you are not eligible for this special refund) .  11       

12     Multiply line 11 by 60% (.60) .... ..... ..... ...... ...... ...... ..... ...... ..... ...... ...... ......  12       
13    Special Refund. Amount from line 12 or $1,000, whichever is less. 
      Enter the amount here and on line 15 of this Form M1PR. ... ...... ..... ....... ..... ...... ..... .....  13       

You must include this schedule with your Form M1PR when you are claiming this special refund.

                                                                           9995

2024 Schedule M1PR-SR Instructions 
Do I qualify? 
If you are a homeowner, you may be eligible for a special property tax refund. This refund has no income limit, and the maximum special 
refund is $1,000.  
You may qualify if all of these are true:  
•  You owned and occupied your home on January 2, 2024 and January 2, 2025 
•  Your net property tax on your homestead increased by more than 12% from 2024 to 2025  
•  The increase was at least $100. 
•  If you are otherwise allowed to claim the regular homestead credit refund, unless you were ineligible because your income was too high 
(see instructions for Form M1PR, Homestead Credit Refund).  
The special refund is 60% of the amount of tax paid that exceeds the 12% increase, up to $1,000. 
The special refund does not have an income limit.  
If you are filing Form M1PR only for the special refund, complete this schedule and lines 15 and 18-21 of Form M1PR.  

Line Instructions 
Line 2 
If you have new improvements or expired exclusions in the 2025 column of your property tax statement, complete Worksheet 3 in the Form 
M1PR instructions to determine line 2. You cannot use the increase in your property tax from the value of the new improvements or expired 
exclusions when computing the special refund. The amount listed on your statement for new improvements/expired exclusions may include 
construction of a new building, an addition, or an improvement to an existing home.  
Line 5 
Enter line 2 (2024 column) of your Statement of Property Taxes Payable in 2025. If there is no amount on line 2, use line 5 (2024 column) of 
the statement. If there is no amount on line 2 or line 5 (or both are zero) and you received the Homestead Exclusion for Veterans with a Dis-
ability, check the box below line 5 and enter “0” on line 5. 
Line 6 
Enter the special refund amount from line 20 of your 2023 Form M1PR. If we changed the amount, use the correct amount. Leave line 6 
blank if you did not receive a special refund on your 2023 Form M1PR. Do not use the amount of your regular homeowner refund from line 
22 of your 2023 Form M1PR.  

Special Situations  
If you rented out part of your home or used it for business, complete Worksheet 2 in the Form M1PR instructions. Compare the percentages 
you used for 2023 and 2024, and follow these instructions to determine the amounts to list on the appropriate lines of Schedule M1PR-SR:  
•  If you used the same percentage for both years:  
•  Line 1: Enter step 3 of Worksheet 2 
•  Line 5: Enter step 3 of Worksheet 2 of the 2023 Form M1PR instructions 
•  If in 2024 you used a higher percentage for your home than you did in 2023: 
•  Line 1: Multiply line 1 of your 2025 Statement of Property Taxes Payable by the percentage used as your home in 2023 (from step 2 of 
Worksheet 2 of the 2023 Form M1PR instructions) 
•  Line 5: Enter step 3 of Worksheet 2 of the 2023 Form M1PR instructions 
•  If in 2024 you used a lower percentage for your home than you did in 2023: 
•  Line 1: Enter step 3 of Worksheet 2 
•  Line 5: Multiply line 2 of your 2025 Statement of Property Taxes Payable by the percentage used for your home in 2024 (from step 2 of 
Worksheet 2) 
•  Line 6: Multiply line 20 of your 2023 return by the percentage used for your home in 2024