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Tax court petitions surge as property values fluctuate

August 27, 2024 | Ramsey County, Minnesota


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Tax court petitions surge as property values fluctuate
In a recent government meeting, officials discussed the current state of tax court petition filings, revealing a notable increase in activity. As of now, there are approximately 1,350 active tax court petitions, with around 1,000 new petitions filed this year. This marks a significant rise from the 708 petitions filed in the previous year, indicating a 13% increase relative to the assessed value for 2023-2024, which totals around $10 billion.

The rise in petitions is attributed to fluctuations in property values, particularly the acceleration of commercial values while residential values have stagnated. This trend often leads to higher petition counts, posing challenges for the county's tax office. However, officials expressed confidence in their ability to manage these petitions, highlighting the expertise of their staff in defending the taxable value of properties.

The meeting also outlined the tax court petition process, particularly for the commercial sector. Property owners can initiate an informal appeal process, and after taxes are locked in at the end of June, they have until April of the following year to file a petition in Minnesota tax court. This process allows property owners, often with legal representation, to contest the valuation and classification of their properties, enabling a more localized assessment.

Officials emphasized the importance of this process, especially given the large number of taxable parcels—over 170,000 in the county—requiring effective mass appraisal techniques for accurate property valuation.

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Scribe from Workplace AI
Scribe from Workplace AI