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Definitions Appealing the Value or Exclusion for Veterans With Disabilities - Veterans Classification of Your Property with qualifying disabilities may be eligible for a valuation exclusion on their homestead property. Informal Appeal Options - Contact Your Assessor Estimated Market Value - This value is what the assessor estimates your property would likely sell for If you have questions or concerns, the assessor can help explain the on the open market. details of your property's valuation and classification. Contact information for your assessor's office is on the other side of this notice. Green Acres - Applies to class 2a agricultural property that is facing increasing values due to Some jurisdictions choose to hold open book meetings to allow property pressures not related to the agricultural value of the owners to discuss their concerns with the assessor. If this is an option land. This value is determined by looking at what available to you, the meeting time(s) and location(s) will be indicated on comparable agricultural land is selling for in areas where there is no development pressure. The taxes the other side of this notice. on the higher value are deferred until the property is sold, transferred, withdrawn, or no longer qualifies for the program. Formal Appeal Options Homestead Market Value Exclusion - Applies to residential homesteads and to the house, garage, If your questions or concerns are not resolved after meeting with your and one acre of land for agricultural homesteads. The assessor, you have two formal appeal options: exclusion is a maximum of $30,400 at $76,000 of market value, and then decreases by nine percent for value over $76,000. The exclusion phases out for Option 1 - The Boards of Appeal and Equalization properties valued at $413,800 or more. You may appear before the Boards of Appeal and Equalization in person, New Improvements - This is the assessor's estimate through a letter, or through a representative authorized by you. The of the value of new or previously unassessed meeting times and locations are on the other side of this notice. improvements you have made to your property. You must have presented your case to the Local Board of Appeal Plat Deferment - For land that has been recently and Equalization BEFORE appealing to the County Board of Appeal platted (divided into individual lots) but not yet and Equalization. improved with a structure, the increased market value due to platting is phased in over time. If construction Step 1 - Local Board of Appeal and Equalization begins, or if the lot is sold before expiration of the phase-in period, the lot will be assessed at full If you believe your value or classification is incorrect, you may bring market value in the next assessment. your case to the Local Board of Appeal and Equalization. Please contact your assessor's office for more information. If your city or Rural Preserve - Applies to class 2b rural vacant township no longer has a Local Board of Appeal and Equalization (as land that is part of a farm homestead or that had indicated on the other side of this notice) you may appeal directly to the previously been enrolled in Green Acres, if it is County Board of Appeal and Equalization. contiguous to agricultural land enrolled in Green Acres. This value may not exceed the Green Acres Step 2 - County Board of Appeal and Equalization value for tilled lands. The taxes on the higher value are deferred so long as the property qualifies. If the Local Board of Appeal and Equalization did not resolve your concerns, you may bring your case to the County Board of Appeal and Taxable Market Value - This is the value that your Equalization. Please contact the county assessor's office to get on the property taxes are actually based on, after all agenda or for more information. reductions. Option 2 - Minnesota Tax Court Depending on the type of appeal, you may take your case to either the Small Claims Division or the Regular Division of Tax Court. You have until April 30(October 1 for manufactured homes assessed as personal property) of the year in which taxes are payable to file an appeal with the Small Claims Division or the Regular Division of Tax Court for your valuation and classification. For more information, contact the Minnesota Tax Court: 651-539-3260 or for MN Relay call 1-800-627-3529 Phone: www.mn.gov/tax-court On the web: For more information on appeals, visit the Department of Revenue website: www.revenue.state.mn.us.