Each year property taxpayers receive three notices that provide information on the valuation of the property, proposed tax amounts, meetings about proposed levies and budgets, and the amount of taxes due.
Step 1: valuation notice
The first notice, a valuation notice, is sent in March each year. It shows the property classification of your property and the value that taxes will be assessed at. Properties can be classified in a variety of ways but the most common are residential and commercial. The market value of your property is determined by the assessor and is based on the classification and market conditions. This is the time when you can appeal or question how your property is classified or valued. The valuation notice includes detail about the appeal process.
Step 2: proposed taxes
The second notice you will receive is for proposed tax amounts for the following year (this notice is also called a Truth-in-Taxation notice). Sent in November, it shows the proposed tax levies for the county, city, school district and other taxing authorities, such as a watershed district. This statement also shows the amount you will owe, based on your property valuation and classification, if the proposed levies and budgets are passed. Some circumstances could change the proposed amounts: This statement includes the meeting dates where you can provide input on the proposed levies for the county, your municipality, your school district, and other taxing authorities. These meetings are commonly referred to as truth-in-taxation hearings and must occur after November 24. Once the budgets and tax levies are approved, your property tax is finalized. This amount may be different from the amount in the proposed tax statement.
See this year's sample notice in the Proposed property tax notice section of this page.
Step 3: tax statement
The final notice you receive is your tax statement. This statement shows your property tax value, the amount of taxes due, and when they are due. It also includes payment coupons which can be used when making your tax payment. It is mailed in March just before the first half of your property tax is due in May (the second half is due in October). When you receive this notice, you will also want to check with the Minnesota Department of Revenue to see if you qualify for a property tax refund.
On January 2, 2010, the county assessor determines the market value and classification of your property. You receive this information in your valuation notice in March of 2010. Later in the year, during the local budgeting process, preliminary taxes for 2011 are calculated and meetings are scheduled for property owners to provide input on the proposed levies. This information comes to you in mid to late November of 2010 on your proposed property tax notice. Early in 2011, upon completion of the local budgeting process, final taxes are calculated. These itemized amounts make up your property tax statement which is sent in March of 2011.