If you own property in Minnesota, you should have recently received a truth-in-taxation form showing the assessed value of your property for taxes payable in 2024. If you think your property has been overvalued, you may have options to reduce it.

What is the Truth-in-Taxation Form?

The purpose of the truth-in-taxation notice is to enhance

We frequently get asked about how an assessment will change after an acquisition at a price higher than the assessed value. The answer of course is, it depends.

Assessors use sales ratio studies for the review and equalization of values. A sales ratio shows the relationship between the assessors Estimated Market Value (EMV) and the