Level of assessment ratio
The level of assessment ratio measures the accuracy of county assessments by comparing the actual market value of homes (as measured by the sales/purchase price) with the county-assigned assessed values. Assessment ratios are calculated by dividing home sales prices by their assessed market values.
Minnesota Department of Revenue (DoR) guidelines require median assessment ratios to fall between 90 percent and 105 percent annually or be subject to adjustment by the State Board of Equalization.
2022: 94%
2021: 94%
2020: 95%
2019: 95%
2018: 95%