Final answer:
In Minnesota, only primary residences used as a family home can be claimed as a homestead, thus excluding vacation homes, second residences, commercial properties, and other non-primary residences.
Step-by-step explanation:
In Minnesota, a homestead can be described as a type of property that provides homeowners with certain protections and benefits like reduced property taxes and protection from creditors. To be considered a homestead, the property typically must be the owner's primary residence. Therefore, the answer to the question of which properties in Minnesota may be claimed as a homestead is B) Only primary residences are used as a family home.
Vacation homes or second residences, commercial properties, and any property owned by a Minnesota resident do not qualify as a homestead unless the property is used as the primary residence. An important aspect of the homestead is that it should be the place where the homeowner resides most of the time and is used as the family home. This means properties that are rented out, used for business purposes, or are not the principal dwelling of the owner would not be eligible.