In March, the City begins mailing property owners their 2025 estimated market value notices. Residents are encouraged to carefully review their valuation. Don’t wait. By the time proposed tax notices are sent in November, it is too late to appeal the valuation informally.
A closer look at values
Value changes are dependent on size, location, age of the structure and other property attributes. Bloomington residential values remained relatively flat compared to last year. Entry level homes saw modest increases while higher valued homes remained flat or saw slight decreases. These general market trends however may not reflect your specific property.
Feel your value is incorrect?
Residents may informally appeal in the weeks after receiving their value notice. Plan on providing evidence, such as a recent appraisal or a few comparable sales. Visit blm.mn/propertyinfo or call 952-563-8722 for more information regarding the process and deadlines.
Hennepin County statement
Along with valuation notices from the City, property owners will also receive their property tax statements from Hennepin County in early March. To find out if you are eligible for a Minnesota property tax refund, visit blm.mn/state-tax.
