About Your Valuation Notice

Sample Valuation Notice

Value Notice Breakdown

  1. PIN – Property Identification Number.
  2. Property Class (previous assessment year) – For taxes payable this current year, this is the classification of the property.
  3. Property Class (this assessment year) – For taxes payable next year, this is the classification of the property.
  4. Estimated Market Value – property value as determined by the County Assessor to be what the property would most likely sell for on the open market.
  5. Green Acres/Rural Preserve/Ag Preserve/Open Space Value Deferred – if you qualify for one of these programs, the deferred value would be indicated here.
  6. Platted Vacant Land Deferral – for land that has recently been platted but not yet improved with a structure or sold. The deferred value is phased-in over time.
  7. Disabled Veterans Exclusion – Qualifying disabled veterans may be eligible for a valuation exclusion on their homestead property.
  8. Homestead Market Value Exclusion – Applies to residential homesteads and to the house, garage, and one acre of land on agricultural homesteads. The exclusion is a maximum of $30,400 at $76,000 of market value, and then decreases by nine percent for value over $76,000. The exclusion phases out for properties valued at $413,800 or more.
  9. Taxable Market Value – this is the value that the property taxes are actually based on, after all reductions, exclusions, limitations, exemptions and deferrals.
  10. New Improvement Value – the amount added to the property's estimated market value due to additions, remodeling, and other changes to the property.
  11. Local Board of Appeal and Equalization – the address and phone number where you may apply for an appeal on the property value. Go to page 2 of this form for more information about the appeal process.
  12. County Board of Appeal and Equalization – if not satisfied with the Local Board of Appeal and Equalization, this is the address and phone number of Wright County for the appeal process. Go to page 2 of this form for more information about the appeal process.
  13. QR Code  When scanned by your mobile device, it will direct you to the County Assessor website.