Adam Pabarcus

There is a simple formula that is used to determine how much you owe in property taxes, however if your property is valued incorrectly, you could be overpaying. Tim Rye and Adam Pabarcus from our property tax appeals team recently sat down with Bill Griffith to discuss the property tax appeals process and to highlight the benefit of a quick periodic review to determine if your tax assessment is fair.

By Adam Pabarcus If you own property in Minnesota, you should have recently received a truth-in-taxation form showing the assessed value of your property for taxes payable in 2024. If you think your property has been overvalued, you may have options to reduce it. What is the Truth-in-Taxation Form? The purpose of the truth-in-taxation notice is to enhance public participation in Minnesota’s property tax system.

Businesses face any number of headwinds. High interest rates, inflation, work shortages, and supply chain problems are just a few. Don’t let this list include overpaying on your property taxes. As the saying goes, the only certain things in life are death and taxes. But that doesn’t mean you have to accept your property taxes blindly. The amount of property taxes you pay is based on a percentage of your property’s estimated market value.