Posted 11/5/2012 09:35 (#2679428 - in reply to #2678748) Subject: Re: How is land value appraised?
swmn/soin
Here in Minnesota a few years back I went to the township hearing and asked the same questions as far as the valuations were determined. Was told they take all the land sales in the last year, throw out the 3 lowest and the 3 highest sales, and the take 95% of that value...state law. This was on a per county basis.
How is land value appraised?
