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Sherburne 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 /> 2013 ELK RIVER CITY ASSESSMENT <br /> Residential values increased approximately 2.59% throughout the City of Elk River. The property value <br /> increases are the result of 137 "good" sales used in the residential sales ratio study (Assessed value divided <br /> by sale price equals sales ratio). The sales ratio for the City of Elk River came in at 93.0%. <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 /> 2013 137 sales — 93.0% Ratio = 2.59% Increase <br /> Total Bare land market values decreased approximately 5.61%. <br /> Total Commercial & Industrial values decreased approximately 3.5%. <br /> Apartment values decreased approximately 0.86%. <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 /> 2012 $ 8,656,700 <br /> i <br /> i <br /> Total City Estimated Market Values (Real Taxable Property) <br /> I <br /> 2009 $2,113,528,600 <br /> 2010 $2,005,640,252 <br /> 2011 $1,873,410,300 i <br /> 2012 $1,721,462,200 <br /> 2013 $1,728,439,800 <br /> I <br /> I <br /> i <br />