Property Valuation
In Minnesota, which government agency establishes assessed values for property tax purposes?
AMinnesota Department of Revenue only
BLocal county assessors✓ Correct
CMinnesota Housing Finance Agency
DFederal Housing Administration
Explanation
In Minnesota, county assessors establish assessed values for property tax purposes. County assessors are responsible for annually assessing all taxable property at its estimated market value.
Related Minnesota Property Valuation Questions
- The principle of progression holds that:
- In Minnesota, a broker price opinion (BPO) is:
- In Minnesota, an appraiser's 'narrative report' differs from a 'form report' in that:
- The principle of anticipation in Minnesota real estate valuation states that:
- In the cost approach to value, the appraiser estimates:
- Demand for real estate is influenced by all of the following EXCEPT:
- Which of the following Minnesota properties would most likely have the lowest per-square-foot value?
- Which of the following would be the BEST comparable for a 3-bedroom, 2-bath, 1,500 sq ft ranch home in Burnsville, Minnesota?
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →