Minneapolis assessor reports modest rise in citywide value, steep downtown commercial declines and nearly $13 billion tied up in appeals City Assessor Rebecca Malmquist told the Board of Estimate and Taxation that the citystimated market value rose by just under 0.5% to $65.2 billion for 2026, new construction added roughly $480 million, downtown commercial values fell sharply and the office has nearly $13 billion in value under appeal.

Minneapolis' estimated market value sees a slight rise, but downtown commercial properties face a steep decline—plus, nearly $13 billion are caught up in tax appeals!

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