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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 />2021 ELK RIVER CITY ASSESSMENT <br />Spring PRISM Report <br />Residential and Seasonal values increased in overall market value by approximately 7.2%. The property <br />value increases are the result of 392 sales in the City and 1,507 sales County -wide. <br />Assessment Years <br />2017 <br />346 sales <br />2018 <br />404 sales <br />2019 <br />399 sales <br />2020 <br />351 sales <br />2021 <br />392 sales <br />Study Ratio Overall Change <br />88.4% x 1.057% = 93.43% adjusted ratio <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 />Apartments increased county wide by 9.65% <br />Commercial and Industrial County -wide there were 13 sales, 9 Commercial and 4 Industrial. Our combined <br />median ratio started as 90.7% and final ratio is 99.1 % <br />Total Taxable New Construction <br />Assessment Years <br />2017 <br />$ 18,842,026 <br />2018 <br />$ 32,528,500 <br />2019 <br />$ 43,506,513 <br />2020 <br />$ 45,481, 884 <br />2021 <br />$ 32,931,500 <br />Total City Estimated Market Value <br />Assessment Years <br />2017 $ 2,119,094,900 <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 />