Under Minnesota Statute 273.08, the appraiser is required to physically review each property at least once every five years. The appraiser may visit your property at shorter intervals for any of the following reasons:

• New construction as a result of a permit - may stop each year until the work is completed
• Appeals - for example, as part of an appeal to the Local Board or a tax petition
• Owner Request
• Verifying Information - if an error is found or incorrect value is on the record

• Document unique characteristics that contribute to the total value
• Determine the quality and condition of the property

• Postcards are mailed a few weeks before the appraiser will be working in your area
• Appointments can be scheduled with the appraiser
• Each appraisal walk-through will take about 10-15 minutes
• Appraiser will try to answer your questions during the walk-through

• For a fair and equitable assessment, it is best for the appraiser to review the interior of your home
• Without an interior review, the appraiser will make a value estimate
• Any changes to a value that was estimated will require an interior inspection

• No. Values are calculated in January of each year
• You will receive your value notice in March of the following year

• Professional appraisers that are certified and licensed by the State Board of Assessors
• Certification requires experience and continuing education through:
  • University of MN
  • International Association of Assessing Officers (IAAO)
  • Minnesota Association of Assessing Officers (MAAO)
  • Other Organizations (e.g., Appraisal Institute, Kaplan)

Minnesota statute 273.03 defines market value as "...the usual selling price at the time of assessment." The Assessor's Office works throughout the year to establish market values of each property for the following January 2nd assessment date.

• Characteristics of each property is entered into a computerized system, which aids the assessor in establishing market value
• Characteristics are collected and/or verified at least once every five years by members of the assessing staff - during the reappraisal process or when reviewing new construction
• Market value estimated by the Assessor's Office should be at or very close to the amount the property would sell for if placed on the open market

• Economic conditions affecting the local housing market
• Physical changes made to your property may affect market value
• All factors are considered in estimating the value of a property

• In late March, valuation notices are mailed for each taxable parcel in the county
• This notice provides you the opportunity to review your valuation and classification
• Classification is based on how the property is used (for example: A property may be residential homestead (owner occupied), residential non-homestead (not owner occupied), agricultural or commercial)