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Adndu _ - q Wri <br />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 />2019 ELK RIVER CITY ASSESSMENT <br />Spring Mini Report <br />Residential and Seasonal values increased in overall market value by approximately 6.58%. The property <br />value increases are the result of 399 sales in the City and 1,348 sales County -wide. <br />Assessment Years <br />Sales <br />Study Ratio Overall Change <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 />2019 399 sales <br />87.02% x 1.065 = 92.67% adjusted ratio <br />Agricultural Values increased county -wide by approximately 1.1 % <br />Apartment values increased 4.81% in Elk River. There was 1 new apartment project started in the city. <br />There were no sales in Elk River and 2 sales County -wide. <br />Commercial and Industrial values combined increased 1.13% in the City. There were 22 sales County- <br />wide, 19 Commercial and 3 Industrial. <br />Total Taxable New Construction <br />Assessment Years <br />2015 $ 17,354,782 <br />2016 $ 28,093,805 <br />2017 $ 18,842,026 <br />2018 $ 32,528,500 <br />2019 $ 43,506,513 <br />Total City Estimated Market Values Taxable Real Property <br />Assessment Years <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 />2019 $ 2,486,129,500 <br />