Market value

City assessors estimate property market values. We send valuation notices in March.

About market values

Your market value 

  • Tells you how much your property might sell for on the open market.
  • Helps tax authorities determine your share of property taxes.

It's based on many factors

  • Primary use of the property, such as residential, commercial or industrial
  • Building location, size, age, quality, condition and renovations
  • Recent sales of similar properties
  • Neighborhood trends and current market conditions
  • Income and expenses (for commercial, industrial and apartment properties)
Residential yard and home.

Property classification

  • The assessor classifies your property based on its primary use.
  • Each class has a different tax rate.
  • The class tax rate is set by Minnesota law.

Learn about homestead


  • We set the property classification and value of all properties as of Jan. 2.
  • We mail valuation notices in March.
  • You have a limited amount of time to file an appeal.
  • Appeal options and timeline are listed on the valuation notice.

Learn about valuation notices

Appeal your assessment

2410 Dupont Ave No. Minneapolis Homes

Median home values

Find the estimated median market values of homes in Minneapolis. We list them by type of home and neighborhood.

Contact us

Assessing Department


Minneapolis Assessing Department
350 Fifth St. S., Room 100
Minneapolis, MN 55415-1323

Office hours

8 a.m. – 4:30 p.m.
Monday – Friday

See list of City holidays