Property value does not directly affect your property tax bill. It is used to calculate your share of the local property tax levy for the year.
This levy is the total property tax revenue needed to fund the budgets set by your county, city, and school district.
Your property's taxable market value is multiplied by its classification rate to determine its share of the levy.
Increasing or decreasing your property's market value does not change the overall amount of property tax revenue that is collected.
For additional information, contact the Assessor's Office at 952-826-0365.