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Do ~~ ~ for ~a~~rty is <br />veY-ffssessed 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 />3-STEP APPEAL <br />i <br />APPEAL TO CITY OR TOWNSHIP "BOARD OF REVIEW" <br />` Meets in April or May. <br />• Appeals in person or by letter. <br />• 'Call city or township clerk for appointment.. <br />•, <br />.' <br />i <br />• ~ APPEAL TO COUNTY BOARD OF EQUALIZATION" <br />• ..Meets for two weeks in June. <br />• ;:Appeal in person or by letter. <br />`a <br />• Call county auditor or assessor for appointment. <br />• <br />• <br />• <br />• <br />APPEAL TO MINNESOTA TAX COURT <br />' Appeal by April 30 of year following assessment. <br />• <br />• <br />r <br />. •00i•9•i••19 •.• <br />REGULAR DIVISION <br />• Attorney recommended. <br />• Decisions appealable to Supreme Court. <br />• Can be used far any property. <br />Must be used for property assessed over $100,000. <br />e <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 />P~~ le~~ ~~x ~'l~ss~ c~~~o~z .~te~ <br />.~ <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 <br />.Disabled homestead up to $32,000 0.045% <br />Residential Homestead <br />Up to $500,000 1.00 <br />Over $500,000 1.25 <br />Residential Nonhomesteadz <br />Single unit <br />Up to $500,000 1.00 <br />Over $500,000 .1.25 <br />2-3 unit and undeveloped land 1.25 <br />Apartments <br />Regular 1.25 <br />Commercial-Industrial-Public Utility <br />~ <br />U p to $150,Ob0' <br />~ `, 1.5 <br />Over $150,000 2.00 <br />Electric generation machinery 2.00 <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 />PROPERTY TYPE <br />'06 CLASS RATE <br />Seasonal Recreational Residential <br />Up to $500,000. 1.00 <br />Over $500,000 1.25 <br />Agricultural Land & Buildings. <br />Homestead 3 <br />Up to $600,000 0.55 <br />Over $600,000 1.00 <br />Nonhomestead 1.00 <br />Miscellaneous Properties <br />Colf courses (open to public). 1.25 <br />Nonprofit service 'organizations 1.5 <br />Fraternity/sorority houses ,.- : 1.00 <br />Manufactured home park land 1,25 <br />:Metro indoor rec. facilities 1.25 <br />:Noncommercial aircraftClangars 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 />z Includes dwellings located on agricultural nonhomestead property. <br />3 House, garage, and one acre have same class rates and are generally treated the same as residential homestead. <br />ova to use classcation 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 Capacitu = $90,000 times .01=$900 <br />Your PropertyTax = $900 times 1.35 = $1,215 <br /> <br />