- Non-escrow homestead properties
- Non-escrow small businesses with property taxes less than or equal to $50,000
- Non-escrow residential non-homestead properties of one to three units with property taxes less than or equal to $20,000
“We’re really trying to provide this relief to those who are most impacted,” said Ramsey County Commissioner Victoria Reinhardt.
National appraisal changes due to COVID-19:
Due to the impact of COVID-19, businesses and individuals have a heightened need for additional liquidity. Being able to quickly access equity in real estate could help address this need. However, government restrictions on non-essential movement and health and safety advisories in response to the National Emergency declared in connection with COVID-19, (1) including those relating to social distancing, have led to complications with respect to performing and completing real property appraisals and evaluations needed to comply with federal appraisal regulations. As a result, some borrowers may experience delays in obtaining funds needed to meet immediate and near-term financial needs.
