Laserfiche WebLink
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 />2024 ELK RIVER CITY ASSESSMENT <br />Residential and Seasonal improved properties remained stable in the 2024 assessment. There were 334 <br />sales used in our sales study and 1,055 sales county -wide. Any increases in value, was done during <br />reassessment and properties with new improvements. <br />Assessment Years <br />2020 351 sales <br />2021 <br />392 sales <br />2022 <br />424 sales <br />2023 <br />450 sales <br />2024 <br />334 sales <br />Study Ratio Overall Change <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 />97.5% -end ratio = 98.1 % ajdusted ratio <br />Rural Vacant land county -wide there was 1 sale. <br />Apartments increased county wide by 10% <br />Commercial and Industrial County -wide there were 13 total sales — no Industrial sales. Our commercial <br />median ratio started as 86.06% and final ratio is 95.9%. <br />Total Taxable New Construction <br />Assessment <br />Years <br />2020 <br />$ 45,481,884 <br />2021 <br />$ 32,931,500 <br />2022 <br />$ 53,818,300 <br />2023 <br />$ 53,403,900 <br />2024 <br />$ 54,806,00 <br />Total City Estimated Market Value <br />Assessment Years <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 />2024 $ 3, 996, 067,100 <br />Page 6 of 6 <br />