What is "market value"?
Minnesota Statute 272.03 defines "market value" as "the usual selling price at the time of assessment". It is "the price that could be obtained at a private sale or an auction sale, if the assessor determines that the price from an auction sale represents an arms-length transaction. The price obtained at a forced sale shall not be considered".

In other words, Market Value equals the price that would prevail under competitive, open market conditions.

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1. What does the Assessor do?
2. Who are the county appraisers and what are their credentials?
3. What is "market value"?
4. How does the Assessor determine market value?
5. Why has my value gone up or gone down?
6. Does the estimated market value increase or decrease at the same rate on all properties?
7. Can my estimated market value change even if the assessor has not been inside my property?
8. What if I don’t let the appraiser inspect my home?
9. What will happen to my estimated market value if I improve my property?
10. Will my estimated market value go up if I repair my property?
11. What can I do if I think the estimated market value is too high?
12. How do I appeal my value or classification for my property?