City assessor: Minot taxable value up ~5.5% for 2026; Board of Equalization set for April 7

City Assessor Ryan Kimrowski told the Minot City Council that his office estimates roughly a 5.5% increase to the city’s overall taxable value for 2026 and reviewed the distribution of valuations and credits.

Kimrowski said Minot’s taxable valuation (excluding government buildings) is about $6.5 billion and that residential property makes up about 54% of that value while commercial properties are roughly 35%. He said the median residential assessment for 2026 is trending near $244,000 while the median sale price used in the office’s analysis was $269,000. Kimrowski also noted an uptick — about 264% — in disabled-veteran and homestead-credit applications this year and said 7,807 properties applied for and qualified for the primary-residence credit in 2025, representing about 58% of residential parcels.

Kimrowski explained the property-tax process, the role of the sales-ratio study (which must be within 10% evaluation), and how effective tax rate and budget decisions interact with assessed values. He announced the city’s Board of Equalization hearing on April 7 at 5:30 p.m. and recommended that property owners who disagree with their assessment attend and pursue an appeal.

Council members raised questions about individual assessment changes: one member said a constituent’s assessed value rose by $140,000 year-over-year; the assessor said typical reasons for that size of change are a sale, new construction, or a reappraisal action in the reappraisal district and encouraged owners to appeal if they believe the valuation is incorrect.

What comes next: The assessor’s office will present valuation details at the Board of Equalization on April 7 at 5:30 p.m.; property owners may appeal at that hearing.