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Sherburne County Assessor <br />Sherburne County Government Center <br />13880 Business Center Dr NW <br />Elk River, M7V55330-1692 <br />Phone: (763)765-4900 <br />FAX' (763)765-4905 <br />2018 ELK RIVER CITY ASSESSMENT <br />Spring Mini Report <br />Residential and Seasonal values increased in overall market value by approximately 9.6%. <br />value increases are the result <br />The property <br />of 404 sales In the City- and 1,381 sales County -wide. <br />Assessment Years <br />Sales <br />Study Ratio Overall Change <br />2014 208 sales <br />84.6% x 1.077 = 91.11% adjusted ratio <br />2015 292 sales <br />85.9% x 1.061 = 91.14% adjusted ratio <br />2016 386 sales <br />89.3% x 1.041 = 92.93% adjusted ratio <br />2017 346 sales <br />88.4% x 1.057 = 93.43% adjusted ratio <br />2018 404 sales <br />85.8% x 1.096 = 94.04% adjusted ratio <br />Agricultural Values increased county -wide by approximately 1 % <br />Apartment values increased 1.65% in Elk River. There were 2 new apartment projects started in the city. <br />There was only 1 sale. <br />Commercial and Industrial values combined increased 1.17% in the City. There were 17 sales county- <br />wide. <br />Total Taxable New Construction <br />Assessment Years <br />2014 $ 20,085,400 <br />2015 $ 17,354,782 <br />2016 $ 28,093,805 <br />2017 $ 18,842,026 <br />2018 $ 32,528,500 <br />Total City Estimated Market Values Taxable Real Property <br />Assessment Years <br />2014 $ 1,838,493,300 <br />2015 $ 1,927,795,700 <br />2016 $ 2,009,030,900 <br />2017 $2,119,094,900 <br />2018 $ 2,313,310,000 <br />