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

If all property sees a similar increase in value, your property class hasn't 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, contact the Assessor at 320-968-5019.

Show All Answers

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?