Why has my value gone up?

Property values are based on the typical sales. Prices fluctuate with general market conditions such the general economy, property locations, supply and demand, demographic changes, and changes in tax laws. By Minnesota state laws, as property values change in the market place, those changes must be reflected in the assessor’s Estimated Market Values.

Show All Answers

1. How are my Real Estate taxes determined?
2. Why has my value gone up?
3. Who is my Appraiser?
4. What is Estimated Market Value (EMV) and how does the assessor determine it?
5. Are Property Estimated Market Valuation increases limited to 15%?
6. Can my Estimated Market Value change even if the assessor has not been inside my property?
7. How can I judge the accuracy and fairness of my value and classification?
8. Does the Estimated Market Value increase at the same rate on all properties?
9. What is a Property Identification Number (PIN)?
10. What is a Special Assessment?
11. Who determines my property tax?
12. Why is the amount of taxes on my tax statement I received in March/April different than what was shown on the Notice of Proposed Taxes that I received in November?
13. Will my Estimated Market Value go up if I repair my property?