Board of Appeal and Equalization

350 S 5th St, Room 304
Minneapolis, MN 55415
cityclerk@minneapolismn.gov
(612) 673-3358

Preparing for a Hearing

Typical Board Meeting Agenda

1. The Assessor provides information on each property and comparable properties that have sold in the area.

2. The applicant explains to the Board why they believe the property value is too high. The applicant presents comparable sold properties, appraiser evaluations, or other market data to prove your case.

3. The Board takes the case under consideration and makes a recommendation to the City Council for final approval.

4. The City Clerk's Office notifies each applicant of the Board's decision at the end of May.

What to Bring to the Hearing

To appeal the value of your property you may show current market data on similar properties sold for a lower price. Or, you may bring an appraisal of your property prepared by a certified appraiser.

If the property is income producing (Duplex/Triplex/Apartment/Commercial etc.), submit an Income and Expense statement and a current rent roll with the application. Include any additional documents you feel are relevant to your case.

Factors the Board Cannot Consider

The Board of Equalization cannot, by state law, lower values because:

Board Evaluation Process

The Board, by state law, has the responsibility to determine a fair market value on the property. Fair market value is defined as "the price that would prevail under competitive, open market conditions" as of January 2, of the assessment year. The applicants’ appearance before the Board will result in one of the following actions:

Taxes

The Minneapolis Board of Appeal and Equalization, by state law, cannot lower taxes. They can only review the market value or classification of a property.

Last updated Sep. 27, 2011