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Updated over 6 years ago, 05/10/2018
Challenging Minneapolis Assessor's Estimated Market Value
Hi fellow Minneapolis investors,
Has anyone successfully challenged the assessor's valuation of this property? I'm looking for tips because I bought my owner occupied duplex at the end of May 2017 and my 2018 Estimated Market Value is 23% above what I paid for the place 6 months before the assessment was done. In my experience it is rare to find a property that has an assessor's value higher than that actual market value, let alone a value that so significantly surpasses it. Have pulled a list of comps, have an appraisal from lender done before purchase so I think I've got a good case, but looking for any advice on what else I should include as supporting documentation.
Thanks!