Market Value Notification
In early March of each year, the Minnetonka Assessor’s office sends out a market value notice for each taxable parcel in the city. The notice provides the following information:
- Market value established by the assessor as of January 2.
- Property type and classification—i.e. residential, apartment, commercial; homestead, non-homestead, blind, disabled, etc.
- Limited Market Value. This is a statutory value and is limited to a fixed percent over the previous year’s limited value.
- Taxable value after all limits and exclusions have been applied.
- Local and County Board of Review information.
