We provide incentives to employees to make these educational opportunities more attractive. The Minnesota property tax law provides certain credits or forms of special tax relief, one of the more common being the Homestead Credit. Applications for Special Disability Classification are among programs of interest to property owners. Please call the Assessor's office if you think you may qualify. The law specifically requires that assessors view each parcel of real estate to appraise its market value.
Property values change continuously with changing economic conditions.
In addition to market changes, numerous physical changes affect the value of land and buildings. All factors that may influence value must be considered when estimating the value of property. This task requires a physical inspection of all property subject to assessment. The assessor also determines the classification or use of each parcel. Each classification is taxed and receives credits at a different percentage of market value.