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Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 6.1 <br />Agenda Section Meeting Date Prepared by <br />Presentations, Awards, & February 7, 2022 Tina Allard, City Clerk <br />Recognition <br />Item Description Reviewed by <br />Market Value Presentation: Sherburne County Cal Portner, City Administrator <br />Assessor Michelle Moen <br />Reviewed by <br /> <br /> <br />Action Requested <br />Receive Information. <br /> <br />Background <br />Sherburne County Assessor Michelle Moen will be in attendance to provide an update regarding the aggressive <br />market trends her office has seen in the past year and how it will impact values for the 2023 tax year (2022 <br />assessment). <br /> <br />Annually the assessor’s office sends out the valuation notices to property owners in March with the Local Board of <br />Appeal meeting scheduled for April. Because of the higher increase in values due to sales, having this information <br />in advance should help with responding to calls received this spring. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Mission and vision <br /> <br />Attachments <br /> Property Assessment in an Appreciating Market <br /> 2022 Assessment – Market Trends Countywide <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />