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Assessor: sales-study value shifts and homestead phase-outs will change property tax burden
Summary
Carver County assessor staff showed how sales-driven market-value changes and the homestead market value exclusion (phases out at $517,200) can shift tax burdens among properties, illustrated with residential and commercial parcel examples.
The county assessor's office on Wednesday walked the board through how recent sales studies change taxable market values and thereby reallocate property tax burdens across neighborhoods.
A sample of five residential parcels showed market-value percent changes that in some cases were lower or higher than the countywide average; when a property's market value grows faster than…
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