How do I find out whether my property tax valuation is too high?
Minneapolis, MN commercial litigation attorney Michael Moline talks about property tax valuation and how you can determine if it’s too high.
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Phone: (612) 336-9354
Well, the property owner usually has a pretty good feel for how his property is valued compared to his neighbors’, but some of the telltale signs of whether your property valuation is getting out of line is if you’ve seen a couple of years of unusual increases. One of our clients had a commercial property in downtown Minneapolis that had three straight years of over 30 percent year-over-year increases in property values. We obtained a review of that valuation and determined that they were being overvalued almost $2 million, which results in an $80,000 per year overpayment of their taxes.