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Hennepin County assessors brief Minnetrista on 2024 valuations and homestead exclusion changes
Summary
Hennepin County Assessor Josh Hoglund told Minnetrista council members the assessor’s office sets market value and state classifications, reviewed countywide and local growth for the 2024 assessment (payable 2025), and explained a legislative change raising the homestead exclusion cap that reduced the county tax base.
Hennepin County Assessor Josh Hoglund told the Minnetrista City Council on Oct. 21 that county assessors determine market value and state classification for every property and that those determinations feed into local levy and tax calculations. "Again, my name is Josh Hoglund, County Assessor," he said as he opened a presentation describing the valuation timetable and methodology.
Hoglund outlined the statutory calendar: assessors target market value as of Jan. 2, valuation notices are sent in March, and the Department of Revenue conducts sales‑ratio analysis using a reporting window (for the 2024 assessment, the Department used sales from Oct. 1, 2022, to Sept. 30, 2023). He…
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