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-~-~,-Y~ou+- 41 ~G I ~a <br />Sherburne County Assessor <br />Sherburne County Government Center <br />13880 Business Center Dr NW <br />Elk River, MN 55330-1692 <br />Phone: (763)765-4900 <br />FAX. (763) 765-4905 <br />2012 ELK RIVER CITY ASSESSMENT <br />Residential values decreased approximately 11.25% throughout the City of Elk River. The property value <br />decreases are the result of 85 "good" sales used in the residential sales ratio study (Assessed value divided <br />by sale price equals sales ratio). The time adjusted sales ratio for the City of Elk River came in at 113.4%. <br />2010 110 sales - 100.5% Ratio = (4.62%) Decrease <br />2011 128 sales - 99.9% Ratio = (7.41 %) Decrease <br />2012 85 sales - 113.4% Ratio = (11.25%) Decrease <br />Total Bare land market values decreased approximately 4.9% however green acres values increased due to <br />agricultural sales activity, in the southern part of the state. <br />Total Commercial & Industrial values decreased approximately 1.5%. <br />Taxable New Construction <br />2008 $35,232,600 <br />2009 $11,431,200 <br />2010 $ 6,785,600 <br />2011 $12,562,000 <br />Total City Estimated Market Values (Real Taxable Property) <br />2009 $2,113,528,600 <br />2010 $2, 005, 640, 252 <br />2011 $1,873,410,300 <br />2012 $1,724,669,000 <br />