Valuation notices coming soon
If you own property in Bloomington, expect your estimated market value notice from the City via the U.S. Postal Service in early March. Overall, residential value increased 1%, while some individual property values saw an increase of 15 – 25% or more. The commercial segment saw a growth of 2.5% and apartments 5.5%.
“We encourage property owners to review their 2020 valuations,” Residential Appraisal Manager Jennifer Blumers said.
To appeal your value, you need to show clear and convincing evidence that your 2020 valuation is incorrect, including private appraisals or comparable property sales search from the Hennepin County website. If you have questions about appealing your value after collecting supporting documentation, contact the Assessing Department. Visit blm.mn/assess or call 952-563-8722 for additional information regarding process and deadlines. By the time you receive your proposed levies and taxes statement in November or tax statement in April of 2021, you will no longer be able to appeal your 2020 value.
County property tax statements
Hennepin County will start mailing property tax statements for 2020 in early March. To find out if you are eligible for a Minnesota property tax refund, visit blm.mn/state-tax.