What is estimated market value?
This value is what the assessor estimates your property would likely sell for on the open market. State law requires assessors to value property at 100% of market value. Because it is statistically impossible to value at market value, state standards require the assessors to value property between 90% and 105% of market value based upon a sales sample, not just on an individual sale.

Show All Answers

1. What is estimated market value?
2. How is my market value calculated?
3. Why does my market value change if I have made no improvements to my property?
4. Does an increase in estimated market value always mean in increase in property tax?
5. Do I have to allow the assessor into my home?
  1. Freeborn County  411 Broadway S., Albert Lea, MN 56007            Phone: 507-377-5299 

    Home        Site Map        Contact Us        Accessibility        Copyright Notices         Intranet        Government Website by CivicPlus®