Why does my market value change if I have made no improvements to my property?
Trends in the real estate market due to local economic conditions, interest rates, and supply / demand influence the value of property. The Assessor’s Office studies the real estate market each year. When properties sell for more each year, the assessor is required to adjust the values accordingly. Estimated market values can also be decreased if the real estate market shows sale prices are going down.

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®