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SHERBURNE COUNTY ASSESSOR <br />Michelle Moen, S.A.M.A. <br />Sherburne County Assessor’s Office <br />13880 Business Center Drive NW <br />Suite 100 <br />Elk River, MN 55330 <br />(763) 765-4900 <br /> <br />1-800-438-0577 <br /> <br />2022 Assessment – Market Trends County-wide <br />Residential/Seasonal Improved <br />Sherburne County Residential/Season Ratio prior to market changes – 76.57% - 1,544 Sales total <br /> *This includes a time adjustment of 16.33% off water and 20.99% on water <br /> <br />County Ratio for Residential/Seasonal improved properties after all market increases - 93.3% <br />This is the data reported to the State in the spring <br /> <br />Increased 18-25% on Residential/Seasonal depending on jurisdiction <br /> <br />*Time Adjustment is used to keep all sales current with the market <br />EX: If a property sold in January 2021 – we need to adjust that sale to bring the sale to current <br />market conditions. That same sale in theory would sell for more if sold in September of 2021. <br /> <br />Sherburne County – Median Sale Price – Residential/Seasonal $345,100 <br /> <br />Sherburne County – Median EMV – Residential/Seasonal $325,100 <br /> <br />Commercial/Industrial <br />Commercial Ratio – prior to market changes – 82.35% - 14 Sales <br />Industrial Ratio – prior to market changes – 80.49% - 3 Sales <br /> <br />Commercial Ratio – after market changes - 92.4% - 14 Sales <br />Industrial Ratio – after market changes – 90.4% - 3 Sales <br /> <br />*Increased Industrial, Warehouse, Mini-Storage and offices County-wide average 10% <br /> <br />Apartments <br />Ratio prior to market changes – 76.55% - 4 Sales <br />Ratio after market changes – 90.00 – 4 Sales <br />14% average market increase on Apartments <br /> <br />Agriculture <br />Agriculture Ratio – prior to market changes – 65.5% - 16 Sales <br />This includes a time adjustment of 13.84% - have not seen a time trend in years for Agriculture <br />Agriculture ratio- after market changes - 92.9% - this is reported to the State in the spring <br />Average market increase - 28% <br />Green Acres Tillable – no change Non-Tillable increased $200 per acre <br /> *This value set by the State <br /> <br /> <br />