Property Assessment

180 8th Ave

Granite Falls, MN 56241

Telephone:  (320) 564-3132
Fax:           (320) 564-0927

The Property Assessment Division directs, plans and supervises the appraisal and recording of all property assessments in Yellow Medicine County.  This division must meet all standards established by Minnesota Statutes and the Minnesota Department of Revenue.  These standards provide an equitable and efficient system of property appraisal for tax purposes. 
 
The law specifically requires that every fifth year, an appraiser/local assessor view the property and record property characteristics that would affect the market value.  Such characteristics are identified through square footage, story height, age, basement finish, general condition,etc.  The taxable parcel is compared with actual sales that have occurred within a specified study period and the market value assigned to the property should be within 90%-105% of what your property should sell for if it were placed on the open market.

Each taxpayer is notified of their valuation through an assessment notice mailed each spring. This notice states the property's estimated market and taxable value as of January 2nd of the previous and current year and provides the classification of the property (residential, commercial/industrial, agricultural, etc).  Both the value and classification listed on this notice will be used to calculate the real estate taxes payable in the following year.  Information regarding the appeal process is also provided on the assessment notice.

If you have any questions, please feel free to contact our office at the telephone numbers listed above.