03/26/13 - 3:56pm
Local property tax valuation and classification notices are currently being sent to all property owners in Crow Wing County. These notices inform citizens of the assessed value of their property as of Jan. 2, 2013, and are based on sales of comparable properties in 2011 and 2012.
The assessed values then are used to calculate taxes due and payable in 2014.
Highlighted below are some of the major components — and challenges — of the property assessment process and issues to be aware of when reviewing your valuation notices.
A state prescribed process