The Assessor’s Office assesses your property and estimates its current market value, which is used to determine your annual property taxes.
Estimated market value
Each year, property owners are mailed a notice of valuation and classification. This notice provides information on the market value and classification of a property for the current year. It also provides information on appeal options, explanations of various definitions of values and exclusions, and the assessor's revaluation requirement. Learn more about how market value is estimated.
In Ramsey County, all manufactured homes taxed as personal property are located in a manufactured home park. The tax is based on the value of the home as of January 2 of each year. Manufactured homes are assessed and taxed in the same year. Tax statements are mailed by July 15 of each year.
A manufactured home is defined as:
A structure transportable in one or more sections.
Built on a permanent chassis.
Designed to be used as a dwelling with or without a permanent foundation when connected to utilities.
A structure that contains plumbing, heating, air conditioning, and electrical systems.
Frequently used terms
Estimated market value: Assessor’s estimate of the value your property would likely sell for on the open market as of January 2 of the assessment year.
Value of new improvements: Assessor’s estimate of the value of new or previously unassessed improvements made to your property.
Green Acres value: Applies to Class 2a agricultural property facing increasing values due to development pressures not related to the agricultural value of the land. The assessor arrives at this lower value by looking at what comparable agricultural land is selling for in areas where there is no development pressure. Taxes on the higher value are deferred until the property is sold, transferred, withdrawn or no longer qualifies for the program.
Plat deferment: Applies to land that has been recently platted (divided into individual lots) but not yet improved with a structure. The increased market value due to platting is phased in over time. If construction begins, or if the lot is sold before expiration of the phase-in period, the lot will be assessed at full market value in the next assessment.
Disabled veterans homestead market value exclusion: Qualifying disabled veterans may be eligible for full or partial valuation exclusion on their homestead property. Visit the homestead section to learn more.
Taxable market value: Value your property taxes are actually based on after all reductions, limitations, exemptions and deferrals. Your previous year’s value – along with the class rate and budgets of your local government – will determine your taxes in the current year.