Assessed Value to Property Taxes
The market value of each property on Jan. 2, 2010.
The Jan. 2, 2010, market value was based on 'open-market-sales' that happened between Oct. 1, 2008 and Sept. 30, 2009. ("Open-market-sales" are sales that were on the market, and were between willing buyers and willing sellers, neither under any undue pressure to buy or sell.)
The values for January 2, 2010 (taxes payable in 2011) were finalized on July 1, 2010 (M.S. 274.175).
The appeal process for the 2010 value (taxes payable in 2011) and the appeal timeline was shown on the Notice of Value that was mailed to all property owners in March 2010.
The 2011 Notice of Value will be mailed in March 2011, and will provide value information for taxes payable in 2012.
Appeal information of the 2011 Value (for payable 2012) will be included on the 2011 Notice of Value.