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1. How do you value my lakeshore?

The Assessor will use frontage quantity and quality measurements, lake characteristics and area lake sale rates to determine a lakeshore valuation.

For detailed information, please visit the Lakeshore Valuations page.

2. How does the assessor measure market value?

The assessor measures market value by reviewing the selling prices of similar properties in local areas.

A Certificate of Real Estate Value is completed on all real estate transactions. By studying the certificates, Assessors have a good idea of what other properties will sell for.

Another method of determining value is based on the current cost of replacement less all depreciation that has occurred.

For more information, visit the Assessor's page.

3. What are the Assessor’s duties?

Assessor duties include:
- Begin the review and appeals process for all property owners by holding local board of equalization meetings, county board of equalization meetings and appearing in tax court if necessary
- Collect all the data and characteristics necessary to make a proper and informed assessment
- Estimate the market value of each taxable parcel
- Locate and identify all taxable properties
- Notification to property owners of the value and classification of their property
- Prepare and certify the assessment of all taxable parcels in Itasca County

More information on the Assessor's Department's responsibilities can be
found on the Assessor page.

4. What if I think my property is over assessed?

By all means, come in and talk to the Assessor. We welcome an opportunity to explain the assessment and listen to valid reasons as to why you feel your property value is too high.

Assessment records are public information, and you can also compare your assessment with any other properties that you choose. If you still disagree with the assessment, there are formal appeals that you may take.

For contact information, visit the Assessor's staff directory.

5. What is market value?

A simple definition of market value is what you could sell your property for in today’s market. The sale must be an arms-length transaction between a willing buyer and a willing seller to fit the description.

For more information on assessments and valuations, please visit the Assessor page.

6. What is the assessment process?

The Assessor is responsible for discovering, listing, and valuing all taxable property. This includes both real and personal property. (Real property is defined as land and all things attached to the land, and personal property as all other property including mobile homes in courts.)

A complete list of Assessor duties and responsibilities can be found on the Assessor page.

7. Why did the classification change on my property?

There was a use change due to inspection, or an improvement on the property.

For more information on classifications, please visit the Assessor page.

8. Why does my value increase when nothing has been done to my property?

Supply and demand create market value and Assessors measure it. As demand increases and the cost of buying a particular property increases, other property values rise also. Your property becomes worth more, even though no improvements were made and you have no intention of selling it.

For more information on valuations, please visit the Assessor page.