Assessors adjust value for property improvements and market adjustments. They use sales data from their sales study to help determine if and how the real estate market is changing. The state requires the median ratio be between 90% and 105%.
Beltrami County
Assessor's Office
The County Assessor’s Office is responsible for locating, identifying, and determining the fair market value and classification of all taxable real and personal property within the county. Each year the office performs property inspections, sale reviews and analysis, estimates market values, assign legislative classifications to all properties, and hears valuation appeals. The office also processes all property classification applications.
Frequently Asked Questions
I haven't improved my property, why has my value gone up?
My value went up, will my taxes go up too?
Property taxes will likely change, but they aren’t based on just one factor. The value assigned by the Assessor’s Office is only one part of the equation. Property taxes are also influenced by changes in Minnesota law and local levies set by taxing authorities such as the county, school district, township, or others. Because of this, even if property values decrease, property taxes can still increase in some cases.
What is the county going to do with all the extra money collected from increased values?
There is a misconception that values are increased to produce more revenue. This is not the case. Only what is levied by taxing authorities will be collected regardless of value changes.
When is my property scheduled to be reassessed?
You can expect an appraiser to review your property once every 5 years or annually if you are in the process of construction.
How do I appeal my assessed value?
Every year the Assessor’s Office sends out a valuation and classification notice, which comes with your property tax statement. This notice is an opportunity for you to review the proposed value and classification of your property and call the Assessor's Office with questions or concerns.