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Updated over 6 years ago, 05/10/2018

User Stats

62
Posts
29
Votes
Oscar Brooks
  • Minneapolis, MN
29
Votes |
62
Posts

Challenging Minneapolis Assessor's Estimated Market Value

Oscar Brooks
  • Minneapolis, MN
Posted

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!

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