About the Assessor’s Office
The Assessor’s Office is responsible for estimating the market value and determining the classification of each piece of real estate property in the City of Minneapolis for property tax purposes. We follow professional standards to provide a real estate appraisal practice of uniformity and fairness in assessments, which takes into account the differences between properties. Valuations follow the standards established by Minnesota Statutes and the Minnesota Department of Revenue. Please remember the assessor's duties fall within the framework of Minnesota state law. Any changes to procedures for assessment and tax calculation can be made only by your state legislators.
The functions of the Assessor’s Office are to:
- Accurately and equitably appraise and classify all real estate and appropriate personal property within the City of Minneapolis for tax purposes.
- Process owner requests for a valuation review.
- Explain the avenues of appeal if property owners disagree with their estimated market value.
- Determine the current classification and use of properties.
- Process and maintain homestead applications.
- Process special homestead applications for residents with qualifying disabilities.
- Provide real estate information electronically and in our office.
- Administer special programs such as the Lead Abatement Program.
- Provide information and feedback to taxing authorities.
What do City Assessors do?
Assessors value and classify real estate property according to assessment standards set by the State of Minnesota. An assessor conducts both individual and mass appraisals of real estate property.
Assessors study construction, sales data, and neighborhood trends to establish valuation benchmarks in their appraisal work. Property values, which include the land and buildings, change continuously with changing market conditions and changes in physical attributes. Many factors are considered in estimating the market value of property.
Assessors determine the classification or use of each property. The various classifications are taxed at different percentages or rates according to Minnesota Statutes.
What are the requirements for being an Assessor in the City of Minneapolis?
The assessors employed by the City of Minneapolis Assessor’s Office are professionals, with stringent training, experience and certification requirements set by the MN State Board of Assessors, the governing body that administers the licensure of assessors. An Assessor must have a college degree or equivalency, plus real estate appraisal experience and certification from the Minnesota State Board of Assessors is required.
Last updated Sep 27, 2011