DEPARTMENT: Assessing Services
FILE TYPE: Regular Information
TITLE
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2026 Market Value Update
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PURPOSE/ACTION REQUESTED
The County Assessor prepares an annual report summarizing market value trends for property tax purposes and presents the findings to the County Board. The 2026 market value trends report has been prepared by the Assessor and is presented to the County Board for informational purposes.
SUMMARY
The County Assessor presents estimated market value information to the County Board every year. As required by statute, the County Assessor establishes estimated market values for all property in the County as of January 2, 2026, for the 2026 assessment (taxes payable in 2027). Assessed values were determined by analyzing sales occurring from October 1, 2024, through September 30, 2025, a sales period mandated by the Minnesota Department of Revenue. Real estate and personal property taxes are paid in the year following the assessment; manufactured homes are assessed and taxed in the same year.
Property value changes for the 2026 assessment are summarized below:
• Residential: -1% to +3% general range (some townships above this range); 2026 median +1.01%
• Agricultural: Market values +6.5%; taxable values +2.04% (Green Acres/Ag Preserve per MN DOR)
• Apartments: -2% to +2% general range; 2026 median no change
• Commercial: +2% to +5% general range; 2026 median +4.1%
• Industrial: +3% to +7% general range; 2026 median +4.2%
• Countywide totals (incl. new construction): Taxable market value +3.11% to $78.73 billion; net tax capacity +3.58% to $925,199,000
Valuation notices for 2026 market values will be mailed or emailed to property owners on March 11, 2026. As described on the valuation notice, property owners who believe their market value is incorrect should contact Assessing Services during the “Open Book Informal Appeal” period by submitting an online appeal at www.dakotacounty.us <http://www.dakotacounty.us> (search “Property Appeal”) or by calling or emailing Assessing Services.
A report summarizing the 2026 market value trends is attached.
RECOMMENDATION
recommendation
Information only.
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EXPLANATION OF FISCAL/FTE IMPACTS
Total net tax capacity has increased 3.58% for the 2026 assessment, taxes payable in 2027, to $925,199,000.
This figure will likely decrease slightly as the year goes on due to valuation and classification changes. Additionally, the legislature may make changes that impact market value and/or tax capacity values. The effect of any legislative actions will not be known until mid-summer.
☒ None ☐ Current budget ☐ Other
☐ Amendment Requested ☐ New FTE(s) requested
RESOLUTION
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Information only; no action requested.
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PREVIOUS BOARD ACTION
None.
ATTACHMENTS
Attachment: 2026 Value Update Attachment
Attachment: Presentation Slides
BOARD GOALS
☐ Thriving People ☐ A Healthy Environment with Quality Natural Resources
☐ A Successful Place for Business and Jobs ☒ Excellence in Public Service
CONTACT
Department Head: Scott Lyons
Author: Scott Lyons