2022 Estimated Market Value Increase
The typical single-family home in North St. Paul saw a median increase in Estimated Market Value (EMV) of 15.4% for the 2022 Assessment.
The total growth for all real property in North St. Paul saw an increase in Estimated Market Value (EMV) of 17.9% for the 2022 Assessment.
Homeowners will notice the increase reflected in their 2022 Valuation Notices, which have been mailed out by Ramsey County.
Property Assessment Frequently Asked Questions
If my home value went up 15.4%, will my taxes go up 15.4% too?
- A property valuation increase does not necessarily lead to a proportionate property tax increase. While we do expect a shift in tax burden from commercial to residential properties for taxes payable in 2023, many factors will determine the amount each taxpayer owes, including property classification, individual value change, and homestead market value exclusions.
- In addition, the following will impact taxes payable in 2023:
- Levies at Various Jurisdictions
- Voter Approved Referendums
- Changes in State and Federal Mandates
- Changes in aid and revenue from State and Federal governments
- State Legislative Changes
What caused the historic increase in value?
- A shortage of homes for sale coupled with high demand for single-family housing;
- Historically low-interest rates; and
- Historically high construction costs.
What do I do if I think my home valuation is incorrect?
- The time to appeal your 2022 Estimated Market Value is now. When the Truth in Taxation Notices come out in November, it will be too late. If you think your 2022 Estimated Market Value is incorrect, spend some time researching similar sales.
- If after doing market research you still feel that your property could not sell for the 2022 Estimated Market Value, reach out to the assessor listed at the bottom of your Value Notice.
- Please reference the bottom of your Value Notice for appeal deadlines. The back of your Value Notice has more detailed information on when you must appeal your value. The sooner you contact the listed assessor, the better.