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Why isn't my value set at 93% of market value? The 93% median sales ratio is a check, done after the <br />assessment has been completed, to determine if the assessment was correctly done. Your property was valued <br />on the basis of its location, size, quality and amenities. <br />Why can't the assessor just raise the values of the properties that have sold and leave my value alone? <br />The law states that all properties, not properties that have recently sold, be valued at market value. In addition <br />the State of Minnesota and Hennepin County check the amount the local assessor increases the properties that <br />have sold, the amount of increase of a random sample of all properties of the same classification and the total <br />increase of each property type. If these figures do not correspond, the State or County will increase the entire <br />assessment of that property classification. <br />My house is worth much more than the average house in the area, but I don't get any more services than <br />the average homeowner does. Why? By law Minnesota has an Ad Valorem Real Estate Ta.x or a tax based <br />on the value of your house, but each property owner is entitled to "equal benefits" under Federal and State Law. <br />I'm on a fixed income and I am being taxed out of my house! What can I do? The only current relief is the <br />income adjusted homestead credit which targets seniors and low income homeowners and renters. .Apply with <br />form Ml PR directly to the State of Minnesota. <br />How can I change the way property taxes are determined? By contacting your State Senator and State <br />Representative. All real property tax laws are legislated by them. <br />When is it all going to end? It will change when and if the law changes. These changes have to be made at <br />the state level.