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She�bu�ne County Assesso� <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 />2022 ELK RIVER CITY ASSESSMENT <br />Spring PRISM Report <br />Residential and Seasonal values increased in overall market value by approximately 19%. The property <br />value increases are the result of 424 sales in the City and 1,544 sales County-wide. <br />Assessment Years <br />2018 404 sales <br />2019 399 sales <br />2020 351 sales <br />2021 392 sales <br />2022 424 sales <br />Study Ratio Overall Change <br />85.8% x 1.096% = 94.04% adjusted ratio <br />87.02% x 1.065% = 92.67% adjusted ratio <br />88.9% x 1.058% = 94.1 % adjusted ratio <br />88.2% x 1.080% = 95.3% adjusted ratio <br />77.7% x 1.197% = 93.0% adjusted ratio <br />Apartments increased county wide by 12% <br />Commercial and Industrial County-wide there were 17 sales, 12 Commercial and 5 Industrial. Our <br />combined median ratio started as 81.9% and final ratio is 91.1 % <br />Total Taxable New Construction <br />Assessment Years <br />2018 $ 32,528,500 <br />2019 $ 43,506,513 <br />2020 $ 45,481,884 <br />2021 $ 32,931,500 <br />2022 $ 53,818,300 <br />Total City Estimated Market Value <br />Assessment Years <br />2018 $ 2,313,310,000 <br />2019 $ 2,486,129,500 <br />2020 $ 2,658,483,400 <br />2021 $ 2,859,083,800 <br />2022 $ 3,518,721,100 <br />