Does an increase in market value mean that my taxes will increase?

If all property see a similar increase in value, your property class has not changed, the local government agencies don't have to increase their budgets and there is no change in classification rates by the state legislature there will be no increase in your tax bill. Taxing authorities actually determine how much money the property tax has to raise to provide services to the taxpayer. For more information on the tax rate, contact the Auditor's Office at 218-384-9127.

Show All Answers

1. What is the responsibility of the Assessor in the property tax system?
2. What is market value?
3. How does the Assessor determine the estimated market value?
4. Why has my value changed for year to year?
5. How can I judge the accuracy and fairness of my value and classification?
6. Does the estimated market value increase at the same rate on all properties?
7. Does an increase in market value mean that my taxes will increase?
8. Can the estimated market value change even if an appraiser has not been inside my property?
9. What is classification?