Minneapolis/ Real Estate & Development
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Published on March 13, 2024
Eden Prairie Residents to Bear Brunt of Rising Property Taxes, City Asserts Market-Driven AdjustmentsSource: City of Eden Prairie

Hennepin County homeowners, brace yourselves for a one-two punch as property tax statements for 2024 land in mailboxes this month, hot on the heels come the valuation notices spelling out what you'll owe in 2025, it's all based on apparently soaring market values.

Don't shoot the messenger, but the word from city officials is that Eden Prairie's property tax whammy is the result of meticulous market value adjustments—think rigorous, by-the-book recalibrations, and here's the kicker, they're all pegged to actual real estate deals closed on comparable properties in just the past year, those elusive market trends have finally come home to roost.

If you've got a beef or need the skinny on the specifics of your property tab, you're encouraged to light up the lines; the City’s Assessing Division is on standby at 952-949-8511, they're the go-to squad for gripes or kudos on the property record-keeping front, every Eden Prairie homeowner's first line of defense.

The scoop comes straight from the city's dispatch, a notice dropped on Eden Prairie's official website, which also tells that the City's Assessing Division isn't slacking, no sir, they're on top of keeping property records up-to-date while adjusting the market values so those property taxes due next year won’t just be shots in the dark, they'll mirror the hard reality of the actual market happenings.