Taxes of any kind are often a significant annoyance to any Minnesota resident’s financial affairs. In some cases, taxation may seem unfair or inaccurate, and taxpayers may wonder whether there is anything they can do about it. In some cases, homeowners may be able to dispute their property taxes in hopes of lowering the amount they owe.
Property taxes can fluctuate depending on the value of a person’s home. A tax assessor typically determines that value and the amount of tax to apply. However, the value that the assessor applies may not always be accurate, and some homeowners may want to review the bill and work toward a more favorable tax amount.
Some ways to go about having a review of the assessment include the following steps:
- Reading and understanding the assessment letter
- Ensuring that the details about the property are accurate
- Determining whether fighting for a lower tax amount has the potential to be worth the effort
- Comparing the property’s assessed values to similar properties in the area that have recently sold
- Presenting the information to the tax assessor
- Appealing an unfavorable outcome to an appeals board
If appealing property taxes is necessary, it may be important to remember that this is a legal procedure. Though having legal representation is not required, working with an experienced real estate attorney is often a wise step. These legal professionals typically have experience with and knowledge of property assessment and tax matters that could help concerned individuals work toward tax outcomes that properly suit their circumstances.