Market Value Notices Set To Hit Mailboxes In March

From the City of Woodbury:

Property value notices are expected to be mailed to property owners during the last week of March by Washington County. Like in previous years, the valuation notices will be mailed with property tax statements for taxes payable in 2020.

The "2020 Notice of Valuation and Classification for Taxes Payable in 2021" will indicate the market value established this year on Jan. 2. This market value is the approximate amount for which a property could sell and is the basis for your 2021 taxes. Determining Market Value Each year, the county assessor's office reviews the assessed market value of all property to determine whether changes in the local real estate market require a change in assessed values. Real estate sales are verified and studied based on the location, age, and style of home and quality of construction to determine these market adjustments. Property owners who have questions or concerns regarding the market value set for their property are encouraged to contact the property appraiser assigned to their area by calling 651-430-6175.

The appraiser will review the property data and sales information with you and, if necessary, schedule an interior review of the property. A large majority of concerns can be resolved through this administrative review without the need for a formal appeal. You may also attend any of the four regional Open Book meetings scheduled by the county:

• Thursday, April 2, from 5 to 7 p.m., Cottage Grove City Hall, 12800 Ravine Parkway South
• Wednesday, April 8, from 5 to 7 p.m., Oakdale City Hall, 1584 Hadley Avenue North
• Thursday, April 16, from 5 to 7 p.m., Woodbury City Hall, 8301 Valley Creek Road
• Wednesday, April 22, from 2 to 7 p.m., Washington County Government Center in Stillwater, 14949 62nd Street North

Your appeal can be made in person, through a letter, or through a representative authorized by you. The Open Book process offers an informal setting for property owners as well as several scheduling options. Property owners who are not satisfied by speaking with the assessor's office or with the action taken at the Open Book meeting may appear before the County Board of Appeal and Equalization, consisting of elected county commissioners, the county auditor, and/or appointed officials. You must contact the assessor's office at 651-430-6175 by Wednesday, May 6, to be placed on the agenda.

Resident may also appeal to the Minnesota State Tax Court. The deadline to appeal is April 30 of the year that the taxes are due. That means if a property owner wishes to appeal taxes due in 2020, they must file an appeal with the court by April 30, 2020. For more information, visit the tax court website or call 651-539-3260.

If you have any questions regarding the appraisal process or the 2020 market value, contact the Washington County Assessor's Office at 651-430-6175 or visit the Washington County Assessor's Office website.

This press release was produced by the City of Woodbury. The views expressed here are the author’s own.