Navigating Minnesota Property Tax Appeals in a COVID-19 World

April 2, 2020

By Lynn S. Linné

In light of the COVID-19 crisis, restaurants and businesses have shut down their operations. Tenants are struggling to pay their rent and landlords are left bearing the burden of vacancies and non-payment. Many property owners anticipate this will lead to a decrease in property values, and have already begun asking the question: Should I appeal my property taxes?

In Minnesota, properties are valued for property tax purposes as of January 2 each year. The taxes for any given year are based on the previous year’s assessed value. For example, property assessed as of January 2, 2019 forms the basis for the taxes payable in 2020.

Property taxes are one of the largest expenses on a balance sheet. Considering the anticipated increase in vacancies as a result of the COVID-19 crisis, it is worth evaluating whether owners would benefit from a property tax appeal this year.

In order to assist property owners who are dealing with the COVID-19 crisis, the deadline to file property tax petitions for the 2019 (pay 2020) tax year has been extended from April 30 to May 30, 2020.

Contact our Property Tax Appeals team if you would like us to evaluate a property tax petition for this year or put you on our follow up list for the 2020 (Pay 2021) and 2021 (Pay 2022) tax years.

Property Tax Team Contact:

Lynn S. Linné
llinne@fredlaw.com
612.492.7363

Fredrikson & Byron’s COVID-19 Resource Center