Understanding Your Property Taxes

Minnesota has a complicated property tax system. The League of Minnesota Cities explains the property tax system and why property taxes change from year to year.

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The Homestead Market Value Exclusion (HMVE)

The homestead classification applies to properties occupied as primary residences by their owners. The state regulates the program.

Property Tax Statements

Hennepin County creates and mails all property tax statements. If you need a copy of your property tax statement, go to the Property Information Search section of the Hennepin County website and search for your property under the subhead "Property tax information online." Property tax statements payable in the current year are mailed by Hennepin County in early March and will be available online after April 1.

  1. Truth in Taxation

Each year in November homeowners receive a notice in the mail that outlines their proposed property tax for the coming year (see example). The notice also lists dates for the budget hearings of the various taxing jurisdictions (county, city, school district) so property owners can provide public comment. Golden Valley's 2021 Truth in Taxation meeting will be held Dec 7, 2021.

Participate

City Council meetings are being conducted in a hybrid format with in-person and remote options for attending, participating, and commenting. The public can make statements in this meeting during public comment sections, including the public forum.

Remote Attendance/Comment Options:

Members of the public may attend this meeting by watching on cable channel 16, streaming on CCXmedia.org, streaming via Webex, or by calling 1-415-655-0001 and entering access code 177 760 7633. Members of the public wishing to address the Council should call 763-593-8060.

Information about how to access and/or participate in the virtual meeting is available in the meeting agendas:

  • Dec 7 HRA Special Meeting (6:30 pm)
  • Dec 7 City Council Meeting (follows HRA Meeting)

You may also provide written comments via email to the City Finance Director or leave a voicemail at 763-593-8010.

  • Leave voicemail or email by 2 pm on meeting date to ensure adequate time to disseminate your comment or testimony to the City Council.  
  • Include the item number and item name listed on the agenda.
  • Include your name, phone number, and address when leaving a voicemail or email. 
  • Please indicate if you also plan to call in during the meeting to provide live comment or testimony.
  1. How Property Taxes Are Calculated