Property Tax Appeals
While property taxes are a necessity in our society, that doesn’t mean that property owners should pay more than their fair share of the tax burden. Minnesota is considered by many to have one of the most complex property tax systems in the nation.
Being successful in lowering your assessed value and by extension your property tax bill comes down to three key components.
1. Generating an accurate value estimate for your property and gathering supporting documentation.
2. Adhering to the rules, regulations, and timelines that govern the assessment appeal process as it relates to Minnesota Tax Court.
3. Negotiating a settlement with the assessor and if necessary, proceeding to trial.
Meridian Advisors has extensive experience in all three components. We are experts in real estate valuation, assessment regulations & procedures, and negotiating settlements in Minnesota Tax Court.
Prior to founding Meridian Advisors, Meridian’s Founding Partners had over 13 years of experience holding high level positions in local Twin Cities Assessor’s Offices. This experience allowed them to gain knowledge and experience on how to implement and navigate a successful property tax appeal.
There are multiple avenues to getting your property tax bill reduced or eliminated. Some of these avenues include:
- Filing in Minnesota Tax Court,
- Appealing at the Local Board of Appeal & Equalization
- Contesting your properties classification
- Attempting to alter the taxable status of your property
All these options require supporting documentation and strict adherence to Minnesota’s complex property tax system. Meridian Advisors are experts in navigating the best possible avenue for our clients’ unique situations. Meridian and our legal partners will handle your appeal from start to finish, from filing your appeal, to obtaining your refund.
Meridian Advisors view their clients as partners. When it comes to property tax services, if we are unsuccessful in obtaining a reduction on your property tax bill, then you pay us NOTHING. We are so confident in our ability to deliver results that we work on a contingent percentage-based fee structure. In other words, we only make money when you save money.
If you feel your property is over assessed, please reach out for a free consultation.