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<br /> <br /> <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 /> <br />2020 ELK RIVER CITY ASSESSMENT <br />Spring PRISM Report <br /> <br />Residential and Seasonal values increased in overall market value by approximately 5.2%. The property <br />value increases are the result of 351 sales in the City and 1,329 sales County-wide. <br /> <br />Assessment Years <br />2016 386 sales 89.3% x 1.041% = 92.93% adjusted ratio <br />2017 346 sales 88.4% x 1.057% = 93.43% adjusted ratio <br />2018 404 sales 85.8% x 1.096% = 94.04% adjusted ratio <br />2019 399 sales 87.02% x 1.065% = 92.67% adjusted ratio <br />2020 351 sales 88.9% x 1.058% = 94.0% adjusted ratio <br /> <br /> <br />Apartments increased county wide by 7.26% <br /> <br /> <br />Commercial and Industrial County-wide there were 10 sales, 7 Commercial and 3 Industrial. Our combined <br />median ratio started as 100% and final ratio is 94.4% <br /> <br />Total Taxable New Construction <br />Assessment Years <br />2016 $ 28,093,805 <br />2017 $ 18,842,026 <br />2018 $ 32,528,500 <br />2019 $ 43,506,513 <br />2020 $ 45,481,884 <br /> <br />Total City Estimated Market Values Taxable Real Property <br />Assessment Years <br />2016 $ 2,009,030,900 <br />2017 $ 2,119,094,900 <br />2018 $ 2,313,310,000 <br />2019 $ 2,486,129,500 <br />2020 $ 2,658,483,400