In mid-March, the City will begin mailing property owners their 2024 estimated market value notices. Residents are encouraged to review their 2024 valuation in detail and contact the Assessing Division upon receipt of this notice with questions or concerns. Don’t wait. By the time you receive your proposed tax notice in November, it will be too late to appeal the valuation informally.
A closer look at values
Residential values in Bloomington remained fairly flat compared to last year. Segments of the single-family market saw modest increases in value, while other segments remained flat or even saw decreases.
These are general market directions and may not reflect your specific property. Value changes are dependent on size, location, age of the structure and other property attributes.
Feel your value is incorrect?
Residents may appeal informally in the weeks after receiving their value notice. Plan on providing evidence, such as a recent private appraisal or a few comparable sales.
Hennepin County statement
Along with valuation notices from the City, property owners will also receive their property tax statements from Hennepin County in early March. To find if you are eligible for a Minnesota property tax refund, visit blm.mn/state-tax.
To discuss appealing your valuation, or how to collect supporting documentation, call the Assessing Division at 952-563-8722. For more information about the process and deadlines, visit blm.mn/propertyinfo.
