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Olmsted County officials walk board through how property taxes are calculated and relief programs
Summary
County financial leaders and property‑records staff explained valuation, classification, assessment timelines, appeals, refund programs and key figures — including roughly 78,000 parcels, 20 appraisers, and state refund programs returning about 11–13% of homestead taxes — and answered commissioners’ questions about exemptions and relief.
Olmsted County Chief Financial Officer Wilfredo Romancatella and county assessment staff presented a detailed overview of how property taxes are calculated and what residents should expect on their tax statements during the March 31, 2026 meeting.
Julie Hackman, acting county assessor/associate director of property records and licensing, told commissioners the assessor’s office classifies property and estimates market value for roughly 78,000 parcels countywide and that a staff of about 20 appraisers views roughly 15,000 parcels per year. She explained assessment follows a January 2 valuation date and that the sales period used in…
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