Commercial property taxpayers have a lot to worry about and focus on to keep their properties running well, and aside from payment due dates, property tax dates probably are not on the radar. However, if a valuation is too high or taxes are a major concern, knowing important dates might be useful. Most lists provide the dates in a chronological order based on the calendar year, but because Minnesota taxes are paid in arrears, that order can create confusion. The following is a list of important property tax dates in order from the initial valuation/assessment to the appeal filing deadline.
Minnesota Property Tax Dates from Assessment to Appeal
|Date of assessment||January 2||Each assessment is the basis for the property taxes payable in the following year. For example, the assessment on January 2, 2016 is for taxes payable in 2017.|
|Valuation notices||March – April||Counties mail notices of valuation in the year of assessment. For example, valuation notices sent in March and April 2016 are for the 2016 assessment payable in 2017.|
|County Boards of Appeal and Equalization||June||Boards of Appeal and Equalization hear informal/administrative appeals of assessments in the year of assessment. For example, a 2016 Board of Appeal and Equalization is for the 2016 assessment payable in 2017.|
|Truth-in-taxation notices||November 10 – 25||Truth-in-taxation notices provide taxpayers with the proposed taxes based on preliminary budgets. They are mailed in November for the taxes payable in the following year. For example, the November 2016 truth-in-taxation notices provide the proposed taxes payable in 2017.|
|Truth-in-taxation meetings||After November 25||Truth-in-taxation meetings are held by the taxing authorities to present the budgets and hear comments from taxpayers. After the comment period is complete the taxing authorities will finalize the budgets, and therefore, the taxes.|
|Property tax statements||March 31 (last day)||This is the date for the year taxes are payable. For example, March 31, 2017 is the last day for counties to mail the statements for property taxes payable in 2017.|
|Property tax appeal deadline||April 30||All property tax appeals must be filed by April 30 in the year the taxes are payable. For example, April 30, 2017 is for the 2016 assessment for taxes payable in 2017.*|
|First Half Taxes Due||May 15||First half property taxes are due.|
|Second half taxes due||October 15||Second half property taxes are due.|
* Minnesota’s property tax appeal deadline is a hard deadline. If an appeal is not filed by April 30 for that tax year, neither the tax court nor the county can go back and change the value.
The Minnesota Department of Revenue has a more lengthy list that includes additional dates, such as homestead and exemption application deadlines. The Department of Revenue’s list is chronological based on the calendar year and can be found here.