The office of the Assessor is responsible for discovering, listing and valuing all taxable property, both real and personal, for ad val orem tax purposes.
The assessment date is January 2nd of each year and the assessor determines a full or partial value of new construction, or improvements depending upon the state of completion as of that date.
Annual sales studies are used to analyze market conditions to determine how the Assessor's estimated market value compares to actual property sales. The Minnesota Department of Revenue requires the Assessor's estimated market value to fall within a range of 90% to 105% of actual market value.
After the assessment is completed notices are mailed to the property owners, this notice will state the following:
It is very important that the property owner review this notice. The values stated on the notice will be used to calculate the taxes payable in the following year. If you have any questions or more information is desired, please feel free to contact the Assessor's office at (507)437-9440 or attend the Board of Appeal and Equalization listed on your notice.
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Homestead is a property tax reduction program, intended to keep taxes lower on owner-occupied homes, according to Minnesota Statute 273.124. In order to receive homestead exemption, you must present proof of ownership, complete a homestead application and provide the social security numbers of all owners. You must be listed as the owner on county tax records.
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Those who own and occupy their primary place of residence, including manufactured homes qualify for homestead, including:
The definition of "relative of the owner" includes a child, stepchild, daughter-in-law, son-in-law, parent, stepparent, parent-in-law, grandchild, grandparent, brother, brother-in-law, sister, sister-in-law, aunt, uncle, nieces and nephews.
Members of family farm corporations.
Farm partnerships.
Applicants MUST be Minnesota residents.
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Within 30 days after you purchase and move into your home. Complete and mail the application to your assessor within 30 days of establishing homestead, no later than December 31st to be eligible for homestead in the next tax year.
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IN PERSON:
OR
Call Taxpayer Services requesting an application be sent to you.
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Property taxes are significantly lower on owner-occupied property than they are on other residences, commercial property or apartments.
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Yes, for blind or disabled persons or paraplegic veterans. If all owners do not occupy the property, a partial homestead exemption may be given.
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Certain trusts can qualify for homestead. A Certificate of Trust must be completed and approved by Taxpayer Services, or the Trust must be provided for the Assessor's review. Call Taxpayer Services for more information.
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Once, unless the Assessor mails a form to you. If you receive an application, it is very important that you complete it and return it to the address on the form.
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Yes. The owner/occupant must also apply, and meet the requirements. (See homestead section).
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Yes, as long as the Life Estate interest is shown on the deed, and the holder of the Life Estate meets all the homestead requirements.
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