Why has my value gone up?

The assessor has not created the value. People make value by their transactions in the market place. Property values are based on market values which fluctuate with general economic conditions such as interest rates, inflation rates, supply and demand and changes in tax laws. By Minnesota state law, as properties values change in the market place, those changes must be reflected in the assessor's estimated market value. For more information, contact the Assessor at 320-968-5019.

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1. Why has my value gone up?
2. Does an increase in market value mean that my taxes will increase?
3. How does the assessor determine the estimated market value?
4. Does the estimated market value increase at the same rate on all properties?
5. Can the estimated market value change even if the appraiser has not been inside my property?
6. What will happen to my value if I improve my property?
7. Will my value go up if I repair my property?