Property Taxes

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View the Otsego Preliminary Levy Presentation (9-22-2025) PDF

How are property taxes calculated?
Property taxes are set each year by determining the amount needed to provide services to the community. Policy makers, such as the school board, city council and county board, develop and propose a budget. Then, public hearings are held in November or December to give community members a chance to provide feedback. Final budgets are set by late December.

The cost of providing services to the community (the final budget) is divided among community members, based on taxable market values (assessed values) and property class rates. The residential rate is different than a commercial or apartment rate.

Get an estimate of your City Property Taxes by using the City Property Tax Calculator below

How do I pay my property tax?
Wright County mails property tax statements in late March. Payments are due in May and October each year. If you have a question about your statement, visit the Wright County property taxation webpage or call them at 763-682-7578.

Learn more about how property taxes are calculated by watching the video below.
This video, created by the City of St. Louis Park, follows the same framework the City of Otsego uses to explain how property taxes are calculated in Wright County.

Taxable market values
Minnesota law requires that the assessed value of your home reflect its market value — the price a buyer would typically pay for your home in today's real estate market. Assessors set your home's value by comparing what similar homes in your neighborhood actually sold for in the last year. For questions about your home's assessed value, visit the assessor page or call the city assessor's office at 763-682-7367.

For information about filing for homestead status, visit the homestead filing page.

State of Minnesota property tax relief
Minnesota has two property tax refund programs for homeowners

1. Regular property tax refund
2. Special property tax refund

You may be eligible for one or both, depending on your income and size of your property tax bill. Find more information on these refunds at the state of Minnesota property tax refund website.

Appeal your home’s value
If you disagree with your estimated market value, you have the right to appeal. However, we recommend that you first call the Wright County Assessor’s Office. Often questions and issues can be resolved at the local level. If you still have concerns, visit the Wright County Property Valuation and Classification Appeals for information about filing an appeal.

Annual budget and capital improvement plan
Each year in December, city council adopts the budget for the following year. Go to the city budget page for detailed information about how your tax dollars are spent.

Find property information
For more information about taxes on a specific property, use Wright County’s property information search.

Resources
The Minnesota Department of Revenue and Wright County have several resources, and fact sheets available for you to better understand property taxes and how home values are calculated. Below are a few of these resources:

• Minnesota Department of Revenue fact sheets
  • Understanding property taxes, homestead classifications, valuation exclusions, disabled veteran, etc.
• Property tax refund information
• Property tax deferral for senior citizens