How is my market value calculated?
Sales of real estate are used as a guide in determining the assessor’s market values. These sales are analyzed to determine which factors contribute to the value. These factors are then put into a model or formula to apply to all properties. The values are then tested to make sure that the quality of the assessment meets statistical requirements.

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®