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What is a Notice of Valuation and Classification?

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What is a Notice of Valuation and Classification?

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A A Notice of Valuation and Classification is a computer-generated form specified for official use by the Commissioner of Revenue. It is used to inform taxpayers about general tax information, changes in their valuation and tax classification, and qualifying factors covering the scheduled appeal and equalization meetings as well as the Minnesota Tax Court option. This notice clearly identifies the property in terms of its assessor’s parcel identification number and legal description. It shows tax classification, current and prior assessment, estimated market value, “Green Acres” value, if any, the value of new improvements, the qualifying amount of any market value subject to a plat deferment, the qualifying amount of certain improvements subject to a valuation exclusion under the exemption for “This Old House”, the taxable market value, the assessor’s office address and telephone number, and the dates, places, and times set for the meetings of the local board of appeal and equalizatio

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