How does my property value affect my property taxes?

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.

Show All Answers

1. Who are City appraisers and what are their credentials?
2. What is market value?
3. What does the Assessor's Office do?
4. How is market value determined?
5. What is the difference between 'Estimated Market Value' and 'Taxable Market Value'?
6. How does my property value affect my property taxes?
7. What if I disagree with the assessor’s value?
8. Can I pay my property taxes at City Hall?
9. I just moved into a home and have to homestead my property. With whom can I speak to about this?