2020 Disaster Reassessment for Property Tax Relief
The reassessment of property is required for all methods of property tax relief under Minnesota Statutes 273.1231 to 273.1235. This applies to properties located in a disaster or emergency area, and to other properties that may not qualify as being in a disaster or emergency area, but which apply for local option relief.
Assessors must adjust the market values of affected properties to account for damage to adjust for the loss in value caused by the disaster. To do this, the assessor estimated the market value of each damaged property - in its damaged condition.
Potential Property Tax Relief Available
There are three types of property tax relief available for owners of damaged or destroyed properties:
1. Local-option disaster abatements (MS 273.1233) for taxes payable in the year of the disaster (taxes payable in 2020)
2. Homestead disaster credit (MS 273.1234) for taxes payable the year following the disaster (taxes payable in 2021) for homestead properties
3. Local-option disaster credit (MS 273.1235) for taxes payable the year following the disaster (taxes payable in 2021)
Did your property sustain damage?
If your property sustained damage please complete the Disaster Reassessment Intake Form.
Once we receive your form a member of our team will contact you to provide information and instructions on the next steps in the reassessment process.
Do you have questions or need assistance?
Disaster Reassessment Contact Information:
Email: [email protected]
Visit our FAQ
Last updated Jun 20, 2020