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4a-dc)u+ Sherburne County Assessor Sherburne County Government Center 13880 Business Center Dr NW Elk River, MN 55330-1692 Phone: (763)765-4900 FAX. (763)765-4905 2016 ELK RIVER CITY ASSESSMENT Spring Mini Reports Residential and Seasonal values increased in overall market value by approximately 4.06%. The property value increases are the result of 386 sales in the City and 1,185 sales County -wide. Assessment Years Study Ratio Overall Change 113.4% adjusted by -11.25% 93.0% adjusted by +2.59% 84.6% adjusted by +7.67% 85.9% adjusted by +6.09% 89.3% adjusted by +4.06% Agricultural Values increased less than +1 % Apartment values increased +3.27% in the City. There were 3 sales in the City and 4 County -wide. Commercial values decreased -2.74% in the City. There were 2 sales in the City and 10 County -wide. Industrial values increased +4.17%. There were 4 sales in the City and 7 County -wide. Total Taxable New Construction Sales 2012 85 sales 2013 137 sales 2014 208 sales 2015 292 sales 2016 386 sales Study Ratio Overall Change 113.4% adjusted by -11.25% 93.0% adjusted by +2.59% 84.6% adjusted by +7.67% 85.9% adjusted by +6.09% 89.3% adjusted by +4.06% Agricultural Values increased less than +1 % Apartment values increased +3.27% in the City. There were 3 sales in the City and 4 County -wide. Commercial values decreased -2.74% in the City. There were 2 sales in the City and 10 County -wide. Industrial values increased +4.17%. There were 4 sales in the City and 7 County -wide. Total Taxable New Construction Assessment Years 2012 $12,562,700 2013 $ 8,656,700 2014 $20,085,400 2015 $17,354,782 2016 $28,093,805 Total City Estimated Market Values Taxable Real Property Assessment Years 2012 $1,721,462,200 2013 $1,728,439,800 2014 $1,838,493,300 2015 $1,927,795,700 2016 $2,009,030,900