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Oct 2, 2026 · tomorrow
County auctions land after the state forfeiture process completes.
Inherited from Minnesota rather than researched for Brown: type, redemption, returns, statute, notes.
| Parcel | Address | Opening bid | Assessed | Spread | Status |
|---|---|---|---|---|---|
| 001.002.068.13.130 | 207 S Broadway St · New Ulm | $10,384 | $146,300 | $135,916 | pending |
| 002.000.049.04.040 | 415 Maple St Sw · Sleepy Eye | $3,707 | $39,400 | $35,693 | pending |
Spread is not profit.It compares the opening bid to the county's assessed value, which is not market value — Minn. Stat. § 273.11 subd. 1: "all property shall be valued at its market value." Class rates under § 273.13 are applied afterwards to compute tax capacity and do not reduce the assessed value. The estimated market value is also what § 282.005 uses to set the opening price at a tax-forfeited sale. Open a parcel to run the full max-bid analysis, which accounts for the assessment ratio, surviving liens, quiet title, and holding costs.