All across Minnesota and the country people are being over-taxed on average 20-50% on their property than its actual value. We complete many market/price opinions for sellers and even lenders with our values NEVER coming in close to the county assessed value or taxable market value. This issue is a huge problem in the more poor and poverty stricken areas with their home values decreasing over 50% in the past 5 years but their taxes going UP or staying the same. How can they get away with this?! Contest your value and have a Realtor give you a price opinion-- we are happy to help for free.
http://www.startribune.com/local/109090004.html?page=3&c=y
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