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Do You Think Your Pro~eYty is <br />Otier~ :flssessed 2 <br />THE DIAGRAM BELOW SHOWS THE STEPS IN <br />CONTESTING YOUR PROPERTY VALUATION: <br />VISIT YOUR LOCAL ASSESSOR'S OFFICE <br />• Check the facts. <br />• Compare neighboring property values. <br />• Seek an adjustment. <br />_ ~' <br />.............. <br />1-STEP APPEAL ; <br />• <br />- 3-STEP APPEAL <br />i <br />APPEAL TO CITY OR TOWNSHIP "BOARD OF REVIEW" <br />• Meets in Aprlor May. <br />• Appeals in person or by letter. <br />• Call city or township clerk for'appointment. <br />• <br />• APPEAL TO COUNTY "BOARD OF EQUALIZATION" <br />• Meets for two weeks in June. <br />• Appeal in person or by letter. <br />• Call county auditor or assessor for appointment. <br />s <br />• <br />• <br />APPEAL TO MINNESOTA TAX COURT <br />• Appeal by April 30 of year following assessment. <br />• <br />• • ~ + • • a • • • • • • <br />REGULAR DIVISION <br />Attorney recommended. <br />Decisions appealable to Supreme Court. <br />• Can be used for any property. <br />• Must be used for property assessed over $100,000. <br /> <br />Pao eat Tax ~'lassi cation Rates <br />.Y <br />WHAT THEY ARE, HOW THEY WORK <br />The classification rates on selected properties for taxes payable are shown below: <br />PROPERTY TYPE '06 CLASS RATE PROPERTY TYPE '06 CLASS RATE <br />Disabled homestead up to $32,000 <br />Residential Homestead <br />Up to $500,000 <br />Over$500,000 <br />Residential Nonhomesteadz <br />Single unit <br />Up to $500,000 <br />Over $500,000 <br />2-3 unit and undeveloped land <br />Apartments <br />Regular <br />0.045% <br />1.00 <br />1.25 <br />1.00 <br />1.25 <br />1.25 <br />1.25 <br />Seasonal Recreational Residential <br />Up to $500,000 <br />Over $500,000 <br />Agricultural Land & Buildings <br />Homestead 3 <br />Up to $600,000 <br />Over $600,000 <br />Nonhomestead <br />Miscellaneous Properties <br />Golf courses (open to public) <br />Nonprofit service organizations <br />Fraternity/sorority houses <br />Manufactured home park land <br />Metro indoor rec, facilities <br />Noncommercial aircraft hangars <br />1.00 <br />1.25 <br />0.55 <br />1.00 <br />1.00 <br />Commercial-Industrial-Public Utility <br />U p to $150,000 1.5 <br />Over $150,000. 2.00 <br />Electric generation machinery 2.00 <br />SMALL CLAIMS DIVISION <br />• Attorney not necessary. <br />• Decisions are final <br />• Use for your home, or any property assessed under <br />$100,000. <br />Seasonal Recreational Commercial <br />Homestead resorts 1,00.. <br />Seasonal resorts <br />Up to $500,000 1.00 <br />Over $500,000 1.25 <br />1.25 <br />1.5 <br />1.00 <br />1.25 <br />1.25 <br />1.5 <br />'School operating referendum levies (sometimes called "excess levy" referenda) and all county, city, and township referendum levies <br />are levied on referendum market value. School debt levies are levied against all property based on net tax capacity. <br />~ Includes dwellings located on agricultural nonhomestead property. <br />'House, garage, and one acre have same class rates and are generally treated the same as residential homestead. <br />I~ow to use class cation rates: <br />Example: Suppose your home is valued at $90,000 and your local tax rate is 1.35 (135% of tax capacity) <br />Then: <br />Your Home's Tax Capacity = $90,000 times .01=$900 <br />Your Property Tax = $900 times 1.35 = $1,215 <br />i <br />