Laserfiche WebLink
She�burne County Assesso� <br />Sherburne County Government Center <br />13880 Business Center Dr NW <br />Elk River, NIN 55330-1692 <br />Phone: (763)765-4900 <br />FAX.• (763) 765-4905 <br />2023 ELK RIVER CITY ASSESSMENT <br />Spring PRISM Report <br />Residential and Seasonal improved values increased in overall market value by approximately 12%. The <br />property value increases are the result of 450 sales in the City and 1,448 sales County-wide. <br />Assessment Years <br />2019 399 sales <br />2020 351 sales <br />2021 392 sales <br />2022 424 sales <br />2023 450 sales <br />Study Ratio Overall Change <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 />87.2% x 1.073% = 93.6% adjusted ratio <br />Rural Vacant land county-wide there were 7 sales. The median ratio started as 65.11 % and the final ratio is <br />98.4%. <br />Apartments increased county wide by 10% <br />Commercial and Industrial County-wide there were 30 total sales: 23 Commercial and 7 Industrial. Our <br />commercial median ratio started as 64.66% and final ratio is 93.9%. The industrial median ratio started as <br />72.93% and the final ratio is 97.4%. <br />Total Taxable New Construction <br />Assessment Years <br />2019 $ 43,506,513 <br />2020 $ 45,481,884 <br />2021 $ 32,931,500 <br />2022 $ 53,818,300 <br />2023 $ 53,403,900 <br />Total City Estimated Market Value <br />Assessment Years <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 />2023 $ 3,894,488,200 <br />