HOW PROPERTY TAXES ARE CALCULATED

In the fall, the country assessor establishes Estimated Market Value for residential properties, based on sale data of the prior year.

Estimated Market Value is adjusted for homestead and other credits to determine a taxable market value of a residential property.

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HENNEPIN COUNTY PROPERTY TAX FACT SHEET #1

Understanding Property Taxes

HENNEPIN COUNTY PROPERTY TAX FACT SHEET #2

Estimating Market Value

House Research Property Tax 101: Basic Concepts