Property Tax Assessed Value vs. Fair Market Value Hard as it might be to imagine, there’s actually one scenario where a home’s property tax value can be too low: when it’s about to go on the market. While the assessed value isn’t something that Realtors and Appraisers take into account to determine market value —...Read More
Test your knowledge of current Minneapolis property taxes, and guess what tax bill goes with this 5 BR/5 BA Kenwood home just north of Lake of the Isles, listed at $799,900: A. $6,479 B. $9,123 C. $12,815 D. $24,286 Answer: D. Yup, depending on how much they put down and what kind of mortgage they...Read More
