Notice of Valuation and Classification
The estimated market value and classification are based on the condition and use of the property on January 2nd of each year. The Assessor’s Office finalizes preliminary market values and classifications and sends out notices to property owners that will be received by the end of March. Information regarding open book, local and county board of appeal and equalization meetings are provided on these notifications. The values and classifications are certified after the county board of appeal and equalization; the only way that a further appeal can take place after certification is through the Minnesota tax court.
For more information on how to review your Notice of Valuation, please visit our About Your Notice of Valuation page.
Understanding Your Property Assessment
In Minnesota, property taxes provide most of the funding for local government services. Wright County collects the taxes and distributes the money between the county, cities, townships, school districts and special districts. Each property’s share of taxes is determined according to its value, classification, tax capacity rate and the property tax levies. Assessors are responsible for estimating property values and determining property classification for tax purposes.