2016 assessment report

Transcription

2016 Assessment Report
Hennepin County
Assessor’s Department
James R. Atchison, CAE, SAMA
County Assessor
Created: 06-08-2016
Page 2 of 51
2016 TABLE OF CONTENTS
Last modified (06-09-16)
Table of Contents (2 pages)……………………………………………………………………………….3
Introduction and Overview of the 2016 Assessment (2 pages)…………………………...……………....5
Hennepin County Cumulative Growth by Munic and Property Type (6 pages)…………….....................7
Hennepin County – Percent Change Growth by Property Type Chart…………………………..…….13
Suburban Hennepin – Percent Change Growth by Property Type Chart…………...………………….14
Suburban Hennepin Sales Ratio Histogram Chart……..………………….…………………………...15
Suburban Hennepin Mean and Median Sales Ratios…………….………….………………………...16
Hennepin County Single Family Residential Median Estimated Market Values Chart by Munic.......... 17
Hennepin County Single Family Residential Median Estimated Market Values Line Graph..................18
Hennepin County Mean and Median Single Family Residential Sales Price…………………………...19
Hennepin County CRV (Certificate of Real Estate Value) Counts by Calendar Year……………….....20
Hennepin County Munic Totals And Parcel Counts (3 pages)…………………………………….........21
Hennepin County Two-Year Munic Tax Capacities by Property Type Groupings (6 pages)…….….....24
Hennepin County Valuation Comparison (DK99SS93) ………..............................................................30
Hennepin County Assessment Valuation Info – Value Exclusions (DK99SS93-A2)…………………..31
Hennepin County New Construction Report by Munic..…………………………………………...…32
Hennepin County Estimated Market Value Pie Chart…………….………………..............................…33
Hennepin County Taxable Market Value Pie Chart ………………….…………………………......…34
Hennepin County Tax Capacity Pie Chart ……...………..............…………………………….......…35
Hennepin County Net Tax Dollars by Property Type Pie Chart.....………….……………………….....36
Hennepin County Ten-Year History of Property Class as a Percentage of Tax Base…………………...37
Page 3 of 51
Hennepin County EMV, TMV and Tax Capacity Percentages Graph…………………………..............38
Hennepin County Ten-Year History of Excluded Value………………..................................................39
Hennepin County Ten-Year History of Excluded Value Charts….……..................................................40
Hennepin County Two Year Comparison of Estimated Market Values by Property Type Graph...........41
Hennepin County Two Year Comparison of Taxable Market Values by Property Type Graph..............42
Hennepin County Two Year Comparison of Tax Capacity by Property Type Graph……......................43
Hennepin County Tax Capacity Distribution Graph…………………………………………………….44
Hennepin County Net Tax Percent by Property Type Graph.................………………………….……..45
Hennepin County Map…………………………………………………………………………………..46
Hennepin County Overview - ‘Fast Facts’ (2 Pages)…………………………………….……………...47
Glossary of Assessment Terms (3 Pages)……………………………………………….………………49
Page 4 of 51
The 2016 Hennepin County Annual Assessment is a statistical and graphical representation of market
value changes occurring since the 2015 assessment. This data proves useful for county and city officials,
as well as for those with a general interest in assessed market valuations and property taxes. The data has
been sorted by totals for the city of Minneapolis, suburban Hennepin County, as well as each local
jurisdiction. For comparative purposes within and between jurisdictions, a ten-year history has been
provided on some of the reports.
This report, along with previous years’ iterations of this report, can be found electronically under the
heading “County Assessor Report” at:
http://www.Hennepin.us/PropertyTaxAssessment
Overview of the 2016 Assessment
In 2007, the real estate market peaked in Hennepin County, quickly followed by a dramatic decline in
real estate market values from 2008 through 2012. The 2013 assessment saw this downward trend slow
considerably, while some submarkets actually experienced modest increases in valuations. The 2016
assessment marks the third year that the overall trend indicates meaningful increasing market valuations
since the peak in 2007.
Overall, estimated market values grew 6.7% in Hennepin County, going from $142.8 billion for the
2015 assessment to $152.3 billion for 2016 assessment. This $9.5 billion dollar increase in market value
includes $2.66 billion in new improvements. This new improvement value is across all of Hennepin
County, and is evenly balanced between the apartment, commercial/industrial, and residential
submarkets for the 2016 Assessment.
RESIDENTIAL – Single Family Detached
Although the growth of single-family residential properties’ valuations in Hennepin County increased by
larger margins from the 2013 to the 2014 assessment, the 2016 assessment marks the third year in a row
that market values for detached single-family properties have increased in Hennepin County. For the
2016 assessment, this sub-set of properties increased by 5.1%. Minneapolis saw a higher increase of
6.8%, while detached single-family homes in suburban Hennepin increased 4.6%.
It is important to note that these aggregate changes can be an over simplification. The assessment
average numbers betray the level of complexity of the assessment. Each city, neighborhood, and
property type has its own story to tell with regard to market fluctuations. In addition to traditional sales
analysis, we also analyze lender mediated sales information and continue to make some limited and
targeted value reductions in areas where sales activity of lender mediated transaction continue to be a
portion of that market. We continue to monitor these issues as we prepare for the 2017 assessment.
CONDOMINIUM
Individual unit value changes will vary by complex and unit type. The average increase across the
county was 7.7%. The total value of residential condos is evenly split between the Minneapolis and
suburban Hennepin. Values of condos in Minneapolis increased 6.3%, while market values in suburban
Hennepin increased 9.0%.
Page 5 of 51
TOWNHOUSES
The estimated market value on townhouse properties increased 5.8% county-wide. The Minneapolis
townhouse market, which makes up less than 6% of the total townhome population of Hennepin County,
saw an increase of 6.3%. Townhouses in suburban Hennepin experienced an increase of 5.8%.
APARTMENTS
For the 2016 assessment, the overall apartment market in the county continues to increase at an
astonishing rate of 18.9% county-wide. The market value increases of apartment properties is more
balanced this year, with similar increases across the suburbs of 19.5% and the city of Minneapolis at
18.3%. These significant value increases were more consistent across all apartment properties regardless
of age, location, unit mix, etc. This marks the 5th consecutive year of year over year increases.
COMMERCIAL AND INDUSTRIAL
County-wide, commercial and industrial properties improved with a 6.4% increase. Commercial
property values increased 7.9%, while industrial property values increased 5.8%. Investment-grade
properties are continuing to see the strongest increases in market value.
In breaking down the suburban Hennepin market, commercial values were up 5.4%, while industrial
values increased 6.1%. Suburban Hennepin commercial and industrial property values increased 5.6%.
In Minneapolis, commercial values increased 11.9%, with the industrial market increasing 3.8%. The
Minneapolis CI market had a combined increase of 11.1%.
UTILITY & RAILROAD PROPERTY:
The MN Department of Revenue (DOR) sets the assessed values for all real and personal property
classified as a public utility or operating railroad. The DOR has a statutory requirement to report stateassessed values to county assessors by August 1 each year.
The omission of value of all utility and railroad property was intentional. These values will be updated
prior to the final reporting of the year’s assessment.
Property Type Index to reference as you read the assessment data:
A = Apartment
C = Commercial
F = Agriculture
I = Industrial
R= Single Family Residential
RL = Single Family Residential with Water Influence
X = Condominiums
Y = Townhomes
The mission of the Hennepin County Assessor’s Office is
“to value and classify property, uniformly, and accurately.”
Page 6 of 51
HENNEPIN COUNTY CUMULATIVE GROWTH - 03/22/2016
PERCENT OF CHANGE FROM PREVIOUS YEAR
(Original Assessment as Approved)
5 YEAR 10 YEAR
TOTAL
TOTAL
36.0%
33.6%
17.7%
23.2%
-86.1%
-94.3%
-0.5%
2.1%
7.4%
-9.4%
11.7%
-15.2%
8.2%
-12.9%
PT***
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
BLOOMINGTON
A
C
F
I
R
X
Y
3.3
15.1
-61.3
13.4
1.0
-1.1
1.4
0.7
5.8
5.5
3.1
-2.8
-3.6
-3.5
-0.6
-5.3
0.0
-5.1
-5.7
-7.5
-6.9
-6.0
-9.1
0.0
-6.3
-5.6
-10.2
-7.2
1.1
-0.1
0.0
-1.3
-3.6
-4.1
-4.8
3.2
5.2
0.0
-1.9
-6.4
-8.1
-7.5
2.5
-0.8
0.0
-2.0
-2.9
-5.3
0.4
4.2
1.4
5.8
-1.3
8.7
5.0
4.7
8.1
8.9
-90.4
2.0
6.0
12.1
5.3
14.1
2.1
37.2
2.8
2.6
9.0
5.7
BROOKLYN
CENTER
A
C
I
R
X
Y
-2.4
5.6
7.2
2.8
5.0
2.2
0.5
8.8
10.1
-8.3
-13.6
-10.8
-1.1
0.1
-1.8
-12.4
-28.0
-11.7
-6.5
-8.9
-10.2
-11.7
-15.8
-15.5
0.5
-3.6
-5.1
-2.9
-4.4
-6.7
-0.7
1.8
-1.3
-11.9
-5.5
-20.1
-0.6
0.4
-0.1
-3.9
-35.4
-4.4
6.1
-1.2
-3.1
14.8
28.9
11.0
5.6
-1.1
5.0
8.4
28.6
11.9
13.8
2.1
5.1
4.5
7.1
8.9
25.9%
2.0%
5.4%
10.1%
8.4%
3.3%
14.8%
2.9%
4.2%
-22.0%
-43.0%
-34.4%
BROOKLYN
PARK
A
C
F
I
R
X
Y
1.8
9.2
-0.6
8.2
2.2
-1.4
0.6
0.5
2.3
-0.8
1.1
-4.0
-8.3
-4.6
3.4
1.3
-4.9
2.3
-10.2
-10.8
-9.2
-2.8
-6.8
-21.8
-5.5
-11.6
-21.4
-12.3
-3.7
-6.1
-8.1
-4.0
-5.2
-7.3
-8.1
0.3
-1.2
-5.3
-0.3
-5.3
-15.4
-7.8
-2.3
-5.7
-7.4
-2.7
-0.1
-2.2
-3.0
11.5
0.1
1.9
-0.3
10.7
5.9
10.7
13.4
4.3
2.6
3.4
5.1
10.1
8.9
18.6
0.8
-1.9
0.8
4.2
7.7
5.7
46.9%
-2.0%
-10.1%
0.8%
14.7%
3.9%
14.0%
45.6%
-2.9%
-39.4%
2.3%
-15.3%
-39.0%
-19.9%
CHAMPLIN
A
C
F
I
R
X
Y
0.7
21.9
31.3
63.1
2.1
0.3
1.7
3.2
3.6
3.6
0.0
-3.4
-6.7
-3.1
-0.7
-5.8
12.4
-12.0
-6.1
-8.1
-9.2
-11.0
-8.0
-8.7
-8.5
-8.2
-8.9
-8.7
-0.2
-8.7
-7.0
-12.7
-4.8
-12.6
-7.2
0.0
-0.9
-8.3
0.7
-7.5
-16.4
-12.2
10.0
-1.1
0.0
0.0
-2.0
3.7
2.2
4.9
0.3
0.0
1.9
8.8
16.7
12.3
10.4
2.0
1.1
5.3
2.2
3.1
1.0
19.2
4.0
-2.3
4.4
6.0
9.3
8.5
51.8%
4.3%
-9.4%
12.8%
6.8%
14.0%
10.4%
39.2%
4.2%
17.6%
29.3%
-13.5%
-22.0%
-16.3%
CHANHASSEN
C
I
3.4
10.6
-5.7
-3.0
-13.7
-9.4
-5.8
-5.3
0.0
0.0
-3.0
-5.5
0.0
-2.3
-4.3
5.0
-3.9
1.8
2.4
2.7
-8.7%
1.4%
-27.6%
-6.7%
CORCORAN
C
F
I
R
X
9.6
13.8
6.1
6.3
25.9
6.3
4.6
5.1
0.2
14.8
-0.2
-4.5
0.1
-7.6
0.0
-10.9
-10.3
-14.0
-7.7
-5.1
-6.9
-0.9
-9.9
-3.6
0.0
-4.9
0.8
-4.4
-9.1
-5.0
-0.5
10.2
0.2
-7.8
2.9
0.1
14.0
0.0
16.8
13.1
-1.4
-1.2
0.7
2.9
0.0
2.0
-5.4
2.8
4.0
6.9
-4.7%
18.4%
-0.8%
4.8%
18.2%
-8.2%
19.6%
-14.3%
-8.2%
62.1%
CRYSTAL
A
C
I
R
X
Y
-0.4
8.6
14.0
2.3
-0.2
0.4
-0.4
-0.7
-0.7
-4.9
-12.7
-9.7
-1.3
-5.2
-5.5
-8.0
-13.1
-8.2
-7.0
-5.0
-4.4
-10.3
-7.5
-9.5
-0.1
-1.0
0.0
-3.1
-7.7
-2.7
-0.6
-3.1
-4.2
-12.2
-24.6
-15.4
1.7
-2.7
-5.7
-0.5
-14.9
5.2
2.5
-0.4
-2.6
13.5
5.7
9.2
12.0
1.4
6.1
2.0
14.9
6.4
15.0
2.6
0.3
7.8
11.1
4.5
33.5%
-2.3%
-6.4%
9.0%
-13.4%
8.1%
21.4%
-6.1%
-4.3%
-15.2%
-44.0%
-20.8%
DAYTON
A
C
F
I
R
8.6
7.1
15.9
12.7
3.2
0.0
1.6
16.0
1.7
-1.6
0.0
-1.7
-0.4
-5.0
-2.0
-10.8
-7.0
-5.8
-9.1
-6.4
-2.0
-1.1
-4.3
-7.0
-6.3
0.0
-4.4
-10.0
-1.5
-13.2
0.0
-0.8
6.1
-1.2
-2.8
2.5
11.7
13.1
-1.1
9.3
6.0
-4.8
3.9
4.7
1.7
2.3
-0.3
-0.8
0.9
4.9
11.1%
0.5%
11.3%
1.7%
-1.6%
5.5%
-1.1%
34.4%
-6.4%
-14.1%
DEEPHAVEN
C
R
Y
13.9
8.7
-5.3
-3.4
2.6
-5.0
-4.0
-4.6
-7.5
-3.7
-3.6
-3.0
0.0
-6.3
-4.9
-5.2
0.0
-1.1
-5.2
0.0
10.4
14.9
0.0
8.4
2.7
3.9
3.1
3.3
-2.6%
16.0%
9.5%
-0.9%
3.8%
1.3%
1 of 6
Page 7 of 51
5 YEAR 10 YEAR
TOTAL
TOTAL
50.3%
44.1%
4.2%
4.9%
5.7%
19.4%
2.0%
0.7%
5.2%
-7.4%
7.8%
-15.5%
9.3%
-12.4%
PT***
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
EDEN
PRAIRIE
A
C
F
I
R
X
Y
5.8
10.5
4.0
7.5
3.1
1.5
0.7
0.4
1.7
3.3
0.6
-1.0
-3.4
-2.6
-4.9
-2.3
3.5
-1.9
-4.8
-8.3
-6.6
-6.8
-6.5
0.8
-5.4
-6.3
-8.4
-8.8
1.8
-1.9
0.8
-1.7
-3.4
-4.8
-4.0
7.8
1.0
1.6
-3.6
-4.4
-8.7
-4.5
13.1
0.8
2.6
-1.1
0.1
-4.1
-1.1
5.0
-0.8
3.8
-1.8
4.8
10.9
6.9
6.6
2.5
0.1
4.7
4.8
6.3
5.8
10.1
0.7
-2.4
4.1
0.1
4.4
2.3
EDINA
A
C
I
R
X
Y
9.6
9.2
3.2
1.3
-1.1
1.1
-0.9
4.8
4.0
-1.0
-5.9
-1.8
-1.9
0.5
3.0
-1.9
-11.0
-6.1
-5.0
-8.1
-2.7
-5.1
-6.7
-4.3
0.0
-1.1
0.0
-2.7
-5.5
-3.9
-1.9
0.3
-5.2
-3.5
-9.0
-7.2
1.7
2.2
-0.3
0.0
-2.3
-1.0
3.7
8.9
2.5
7.7
7.7
5.6
15.9
8.8
5.1
2.5
8.1
2.4
16.9
5.5
7.3
1.0
5.4
5.1
40.2%
28.1%
9.3%
7.6%
9.1%
4.4%
41.9%
33.9%
17.5%
-2.3%
-20.4%
-10.5%
EXCELSIOR
A
C
I
R
X
Y
1.8
8.5
0.0
8.6
8.1
0.6
0.0
2.4
2.0
-3.2
-3.5
-0.1
-0.7
-2.5
0.0
-4.0
-0.9
-5.8
-11.5
-14.8
-8.4
-7.4
-6.8
-6.1
-3.0
0.0
0.0
-3.3
1.7
-0.7
-0.2
4.9
0.0
-4.4
-15.9
-20.1
3.3
0.8
0.0
1.1
-2.3
-1.0
1.3
5.7
6.1
20.6
12.7
11.1
10.4
6.9
0.0
8.2
16.4
22.3
8.2
5.3
0.0
4.2
3.1
1.7
24.7%
25.8%
6.1%
31.4%
11.1%
9.3%
8.3%
16.2%
-0.9%
18.8%
8.9%
-3.5%
GOLDEN
VALLEY
A
C
I
R
X
Y
1.0
6.8
5.5
2.7
0.6
2.4
0.9
3.8
9.0
-1.6
-3.2
-1.1
0.0
-8.7
-7.3
-2.9
-6.1
-6.9
-6.9
-9.1
-9.1
-7.8
-14.2
-5.2
0.0
-1.9
-0.5
-3.0
-4.2
-4.4
0.0
0.3
-2.0
-4.9
-3.6
-10.3
0.5
1.3
-0.3
-2.0
-2.5
-2.7
10.5
0.9
-0.3
9.5
7.9
2.5
13.1
10.0
3.3
1.4
5.0
8.1
14.2
5.1
7.6
2.1
4.7
3.7
43.4%
18.5%
8.3%
5.7%
11.5%
0.3%
36.1%
6.9%
4.5%
-7.3%
-16.2%
-14.3%
GREENFIELD
C
F
I
R
Y
19.3
9.6
6.0
9.6
-2.1
7.8
3.0
0.0
-2.4
-19.7
-2.0
-0.3
-4.0
-4.6
-7.2
-9.1
-8.1
-13.0
-11.9
-15.4
-2.1
-4.7
0.0
-8.4
0.0
-1.2
-5.9
10.0
-3.7
-12.8
-5.7
9.9
0.5
-6.3
10.5
-1.4
9.2
0.1
6.0
10.0
-0.8
0.7
0.8
3.9
8.1
0.1
-4.1
0.7
7.5
8.0
-8.8%
9.1%
12.3%
6.8%
23.7%
2.3%
7.5%
-0.6%
-12.0%
-23.7%
GREENWOOD
A
C
R
X
0.0
3.2
9.7
0.8
0.0
0.8
-0.5
0.0
0.0
-1.8
-3.8
4.1
-22.2
-5.4
-7.7
-6.7
0.0
-2.7
-5.3
-3.9
0.7
-0.8
-2.9
3.3
-0.7
-3.2
-5.2
-4.6
0.8
-0.8
10.9
26.6
1.3
3.2
2.5
13.2
6.9
22.5
6.8
5.5
9.2%
20.4%
11.8%
49.0%
-15.1%
13.3%
2.6%
40.2%
HANOVER
C
F
R
Y
12.0
5.4
0.0
1.8
4.0
16.1
-11.9
4.7
-4.1
-5.0
6.0
-10.5
-14.6
-9.4
-10.1
0.0
-8.7
-1.7
-12.0
-21.9
0.0
-16.5
-19.3
-0.8
-17.8
0.0
-27.6
-22.0
-4.1
-20.4
0.0
-2.6
0.0
-6.6
-3.8
2.1
4.3
0.0
3.3
5.3
0.0
2.1
0.0
8.8
43.5
0.0
0.7
0.0
2.9
-0.8
2.1%
-24.4%
-22.0%
3.6%
14.8%
40.7%
-52.1%
-44.7%
-20.0%
-34.6%
A
C
I
R
X
Y
0.5
8.0
12.1
2.0
-0.1
-0.1
-0.2
2.3
4.9
-1.6
-5.0
-3.3
4.9
1.3
-0.1
-3.3
-7.8
-6.7
-6.2
-9.8
-10.7
-6.2
-12.2
-12.7
0.0
-0.8
0.9
-3.2
-13.7
-5.4
0.7
0.6
-0.2
-5.2
-27.0
-8.1
4.6
-0.7
-0.2
-4.1
1.7
-1.4
0.4
5.6
1.8
13.7
17.6
7.9
11.7
3.6
1.9
-1.5
15.3
10.3
11.1
3.1
4.7
5.0
2.1
6.2
31.2%
12.7%
8.2%
6.9%
2.8%
14.5%
29.6%
12.8%
14.5%
-5.8%
-31.8%
-14.7%
INDEPENDENCE C
F
I
R
X
7.4
13.8
6.6
4.3
8.9
1.9
17.0
-4.0
2.0
-3.6
-2.4
-8.7
0.0
-10.8
-8.4
-16.5
-8.5
0.0
-1.4
-1.9
0.0
-7.1
-0.1
-2.6
1.3
0.0
-2.6
0.0
0.0
12.6
-1.3
-3.3
-11.5
0.0
3.3
-0.6
4.8
0.0
-6.4
-1.0
-5.6
0.5
23.3
-1.3
-1.6
0.0
5.3
0.0
-10.0%
14.8%
-7.4%
4.5%
9.1%
-5.6%
15.3%
-5.8%
-18.8%
9.0%
I
HOPKINS
2 of 6
Page 8 of 51
PT***
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
5 YEAR 10 YEAR
TOTAL
TOTAL
25.0%
14.7%
-8.4%
-27.9%
-0.7%
-22.2%
13.7%
-1.7%
-4.4%
-26.8%
-3.2%
-10.1%
LONG
LAKE
A
C
I
R
X
Y
-0.7
3.3
5.1
4.4
0.0
1.2
0.0
-0.5
0.4
-3.8
-1.1
0.0
-2.6
-2.3
-1.6
-3.3
-20.9
-4.6
-5.1
-6.7
-6.4
-1.3
0.0
-1.2
-0.1
-15.9
-19.4
-9.8
-2.2
-2.7
0.1
-11.8
-4.6
1.3
-6.0
-14.9
5.7
-0.7
-0.5
-2.7
-4.1
0.6
1.0
0.7
0.9
5.0
7.4
4.8
2.8
0.4
0.0
-0.3
0.7
4.9
13.8
3.4
3.7
10.2
-1.9
2.9
LORETTO
A
C
F
I
R
Y
1.0
10.2
2.5
4.2
0.4
0.2
0.0
1.1
-5.5
0.5
-11.6
-5.3
0.0
-5.4
-3.8
-5.5
-6.0
-10.9
-11.7
-14.1
-10.5
-13.3
-7.6
-17.0
0.0
-2.0
-0.3
0.0
-0.6
-0.9
0.0
0.0
-17.8
0.0
-11.2
-7.8
0.0
1.4
15.5
0.0
7.7
-5.9
-0.7
-0.6
0.6
0.0
5.2
11.7
2.2
0.0
-6.0
0.0
6.4
3.5
2.0
3.9
2.6
0.0
1.9
3.1
3.5%
4.7%
-7.9%
0.0%
9.1%
3.4%
-7.7%
-7.1%
-23.4%
-14.2%
-16.4%
-28.1%
MAPLE
GROVE
A
C
F
I
R
X
Y
3.0
8.7
5.6
13.0
3.8
1.5
1.6
0.6
1.4
11.2
2.6
-3.0
-4.9
-4.3
0.5
-6.1
-17.3
-6.6
-5.4
-5.3
-5.6
-6.5
-4.1
-14.7
-1.1
-5.9
-8.9
-7.3
-0.6
-3.4
-7.2
-6.2
-3.5
-4.5
-4.9
6.1
-5.9
-10.1
-11.3
-6.5
-9.4
-11.8
3.2
0.0
-17.6
-0.7
0.5
-1.4
-1.5
11.7
1.3
3.2
1.2
7.7
9.5
13.6
7.4
0.0
3.4
1.5
3.0
8.5
2.3
9.6
-0.6
3.1
0.1
1.9
5.3
8.1
44.0%
-5.2%
-18.5%
-9.4%
6.2%
11.8%
9.1%
39.3%
-9.2%
-37.3%
-9.1%
-8.1%
-11.1%
-11.7%
MAPLE
PLAIN
A
C
I
R
X
2.5
17.5
19.1
0.8
0.0
0.0
2.0
3.1
-0.8
0.0
0.0
-1.5
0.0
-4.2
0.0
-6.0
-15.2
-14.5
-11.0
-10.0
-0.2
-6.0
-5.7
-6.4
-4.4
-0.3
-13.0
-14.3
-10.9
-9.9
0.5
-2.0
-0.4
9.8
0.0
1.7
0.2
0.5
0.1
0.0
2.6
4.5
5.1
8.1
9.0
2.9
1.0
0.1
5.0
0.0
7.6%
-9.8%
-9.8%
11.2%
-1.8%
3.4%
-15.2%
-10.7%
-11.3%
-15.5%
MEDICINE
LAKE
A
C
R
0.0
0.0
2.4
0.0
1.7
0.9
-3.0
-10.8
-2.9
-5.0
-11.0
-7.0
-9.8
-0.7
-4.7
-19.3
0.0
-13.9
8.9
0.0
2.3
10.5
0.0
10.8
0.0
0.0
-2.3
3.9
0.6
12.8
0.9%
0.6%
7.6%
-16.2%
-19.4%
-4.4%
MEDINA
A
C
F
I
R
X
Y
2.0
7.7
6.4
10.2
6.7
0.0
0.5
0.0
11.6
6.6
6.3
-1.6
0.0
9.3
-18.1
-6.0
0.4
-4.3
-3.0
-15.0
-5.0
-12.1
-7.4
-3.8
-6.2
-8.1
-11.6
-8.7
-2.0
-5.6
-7.8
-4.1
-5.6
-0.1
-1.3
0.0
-0.5
1.5
0.0
-6.3
-13.2
-11.6
0.0
-0.6
0.5
-6.1
1.6
11.1
-3.2
0.0
-0.1
3.5
0.0
3.0
1.1
1.8
4.5
-0.2
6.2
1.6
3.7
10.0
0.4
3.2
3.2
0.2
2.9
3.4
8.2
5.5
7.8%
1.8%
12.3%
-1.8%
5.1%
16.0%
-7.7%
-22.4%
0.5%
13.5%
-1.0%
-7.1%
-12.9%
-13.2%
MINNEAPOLIS
A
C
I
R
X
Y
3.5
11.3
5.7
1.1
-1.2
-1.8
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
0.6
2.4
-2.6
-4.7
-3.9
-8.2
-8.9
-6.1
-3.4
-6.8
-5.8
-2.4
-4.1
-6.6
-3.5
-2.5
-8.4
-0.3
-0.2
-5.7
-4.8
-6.5
-7.3
2.5
2.9
-0.1
-0.2
0.9
0.4
10.9
3.6
1.6
7.7
8.8
3.0
16.1
8.9
5.3
4.0
8.5
10.5
11.1
7.6
5.4
6.1
6.1
5.6
46.2%
24.7%
6.2%
12.9%
18.2%
11.9%
35.5%
21.9%
0.8%
3.7%
1.1%
-8.9%
MINNETONKA
A
C
F
I
R
X
Y
7.3
10.3
13.4
6.1
2.3
-1.0
0.6
0.6
4.3
0.0
3.1
-1.8
-4.6
-3.6
-0.2
-3.5
0.0
-0.6
-4.5
-9.6
-5.3
-4.4
-3.6
5.7
-1.8
-6.7
-9.7
-5.2
2.1
0.0
-0.4
-1.4
-2.3
-6.0
-3.9
11.3
0.2
-0.4
-1.3
-3.8
-12.7
-8.6
4.3
0.5
-1.6
0.8
-1.2
-3.9
-0.1
7.6
3.8
-0.1
3.5
5.9
10.2
8.0
7.5
6.6
10.3
0.1
4.6
14.2
1.9
11.4
0.1
-53.1
1.0
1.6
3.1
11.2
49.6%
11.5%
-49.4%
4.1%
7.0%
8.9%
11.7%
57.3%
19.4%
-39.5%
9.6%
-6.4%
-21.1%
-6.5%
3 of 6
Page 9 of 51
PT***
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
5 YEAR 10 YEAR
TOTAL
TOTAL
-6.8%
-10.7%
11.3%
3.1%
MINNETONKA
BEACH
C
R
3.4
9.0
3.0
-0.1
0.0
-6.7
-10.0
-5.9
0.0
-3.1
0.0
-8.5
0.0
-12.3
0.0
26.3
-2.7
2.9
-4.2
6.7
MINNETRISTA
C
F
I
R
X
Y
0.2
2.3
0.1
5.4
2.7
-0.1
0.0
-2.5
0.1
-7.4
7.1
-4.7
0.0
-3.8
-4.1
-4.5
-6.9
-8.1
-11.5
-9.8
1.0
-12.2
-0.7
-9.5
-2.4
-4.9
0.0
-3.3
-3.2
-12.2
-17.8
-6.6
-3.1
-9.7
-0.9
6.1
0.0
-2.7
0.0
-1.6
-0.8
6.2
0.0
5.5
0.0
17.3
-4.7
-1.1
0.0
0.0
6.0
-2.3
1.0
-0.7
0.0
6.7
5.1
15.1
-8.4%
-2.8%
-17.8%
2.3%
8.0%
17.2%
-6.7%
-21.3%
-28.9%
-13.3%
4.6%
-11.9%
MOUND
A
C
I
R
X
Y
2.9
4.8
1.4
8.2
2.9
2.8
-2.0
-1.9
0.0
0.2
-3.1
6.1
-1.9
-3.3
0.0
-8.4
-9.4
-7.7
-6.7
-13.3
-5.6
-9.2
-12.3
-8.1
0.0
-1.6
0.0
-9.5
-5.2
-14.6
-0.8
-0.1
0.0
-9.5
-19.9
-8.5
0.3
-2.8
0.0
-3.0
-0.8
-5.7
3.0
-0.9
8.7
9.9
17.9
9.9
3.8
4.2
50.8
0.8
-0.1
1.3
9.0
6.7
0.0
8.3
7.1
9.1
16.0%
7.0%
63.9%
5.3%
0.2%
4.8%
7.0%
-9.3%
56.9%
-14.0%
-24.8%
-17.2%
NEW
HOPE
A
C
I
R
X
Y
-0.9
8.3
7.7
1.8
-2.2
2.1
-0.4
3.7
1.7
-1.8
-4.9
-5.7
-1.6
-5.6
-5.0
-6.7
-10.6
-25.9
-7.6
-2.1
-1.0
-8.0
-18.2
-13.6
-0.4
-0.5
-2.1
-5.8
-8.0
-10.3
-0.6
-4.5
-3.3
-8.8
-21.9
-15.4
2.1
-1.9
-3.0
2.3
3.3
0.7
1.6
1.5
5.9
6.4
11.1
24.0
11.0
-0.8
5.8
4.4
3.2
15.1
12.7
2.5
3.2
3.6
8.4
4.5
29.0%
-3.3%
8.5%
7.4%
0.3%
27.1%
15.3%
-0.1%
9.3%
-13.2%
-37.2%
-29.7%
ORONO
A
C
F
I
R
X
Y
0.8
1.2
4.0
-9.4
7.2
-0.2
0.0
2.9
0.0
0.0
0.1
-4.6
-4.7
-0.3
-2.6
-0.7
-4.7
-3.9
-13.1
-4.4
-9.9
-8.7
-4.8
-10.2
-7.8
-8.4
-9.6
-0.1
-1.5
-4.4
-1.9
-6.9
-35.3
-18.3
0.0
-2.9
-8.2
-5.9
-7.8
-0.3
3.4
4.4
0.0
-0.4
-2.7
-1.8
15.3
-4.8
2.7
0.2
-1.3
-0.8
2.7
3.9
7.3
11.1
-2.1
12.4
7.8
2.4
0.0
2.9
13.1
3.7
-8.0
5.5
5.6
10.4
12.3
34.7%
-1.2%
-6.7%
3.3%
0.5%
31.9%
22.1%
21.9%
-9.9%
-12.3%
-21.4%
-11.0%
-35.2%
-18.0%
OSSEO
A
C
I
R
X
Y
1.4
-0.3
3.1
-0.4
0.0
-3.3
0.0
-0.1
1.9
-2.5
0.0
0.0
-1.2
-3.8
-3.4
-4.5
-9.4
-11.5
-16.1
-9.2
-7.2
-11.6
-9.9
-12.3
-0.5
-0.8
0.0
-4.4
-9.1
-11.2
0.0
-10.9
-3.8
-16.4
-4.0
-5.4
2.1
-0.5
0.0
-2.1
-3.1
-4.7
3.2
-0.3
0.0
12.1
-1.6
8.9
30.5
-5.3
-3.1
11.9
1.0
7.0
11.6
0.1
2.5
3.2
3.0
0.7
53.5%
-16.2%
-4.5%
6.0%
-4.8%
5.8%
28.4%
-27.7%
-10.0%
-17.0%
-29.3%
-29.5%
PLYMOUTH
A
C
F
I
R
X
Y
14.1
14.9
6.8
21.8
2.8
2.3
0.0
1.3
0.9
-5.0
2.0
-2.8
-5.7
-4.8
-6.4
-5.1
-2.1
-5.1
-4.8
-6.0
-6.5
-8.6
-3.4
4.7
-5.1
-5.8
-9.7
-6.1
-0.4
1.0
-5.7
-0.8
-2.4
-2.1
-3.4
11.1
4.6
0.5
3.1
-4.4
-10.4
-5.8
3.0
0.4
1.2
1.0
0.8
-4.1
-0.7
9.0
0.2
13.0
-1.6
6.0
11.5
6.8
10.2
2.6
-0.3
0.4
1.6
6.0
4.2
12.3
6.8
-1.4
4.8
2.9
7.1
6.1
54.4%
15.3%
13.0%
7.8%
6.8%
8.8%
10.4%
52.0%
23.8%
10.8%
19.7%
-6.6%
-12.8%
-10.8%
RICHFIELD
A
C
I
R
X
Y
0.1
10.2
4.9
2.8
-1.4
0.2
1.1
4.1
0.0
-4.7
-4.9
2.5
-3.2
-7.1
-2.9
-7.6
-4.6
-5.0
-4.0
-12.0
-5.8
-7.6
-18.4
-22.5
-0.1
-3.4
-2.0
-2.0
-2.9
-1.0
1.2
-2.2
-11.2
-7.4
-2.4
-9.1
3.9
1.2
-1.9
-3.1
-3.6
-3.8
5.2
5.8
0.0
9.1
10.5
23.8
9.1
4.9
1.3
2.9
4.0
-4.0
13.8
2.4
3.2
7.3
8.2
7.8
37.3%
12.5%
-8.9%
8.1%
17.0%
12.0%
29.0%
1.9%
-14.3%
-11.4%
-17.1%
-16.1%
ROBBINSDALE
A
C
I
R
X
Y
-2.7
8.2
7.0
0.5
1.3
11.3
-7.5
13.4
3.9
-2.6
-8.2
-23.2
0.2
-0.4
-1.5
-9.0
-26.5
-0.1
-4.3
-10.7
-10.3
-10.1
-42.8
-2.9
-0.9
-5.7
-2.8
-5.1
-31.6
-9.5
-5.5
-4.6
-8.6
-7.6
-4.9
-17.0
6.3
6.2
8.2
-8.9
-1.7
-3.3
5.8
-7.9
0.0
16.8
4.4
7.0
7.2
-0.9
0.0
-1.9
7.6
12.6
13.1
0.9
0.0
7.8
30.7
10.0
28.9%
-6.7%
-1.1%
4.0%
37.3%
6.4%
10.2%
-3.9%
-5.5%
-21.0%
-63.3%
-20.2%
4 of 6
Page 10 of 51
PT***
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
5 YEAR 10 YEAR
TOTAL
TOTAL
17.3%
14.9%
-0.5%
-26.3%
0.0%
-22.3%
8.0%
-16.3%
-1.1%
-21.7%
ROCKFORD
A
C
I
R
Y
2.7
8.2
8.5
1.6
-0.2
3.2
0.0
-10.5
-0.5
1.9
0.0
-10.1
-10.3
-9.4
-10.7
-7.6
-23.9
-10.1
-13.2
-12.0
0.0
0.0
-0.8
-2.6
-0.9
0.0
0.0
0.0
-6.7
-10.4
4.5
0.7
0.0
-3.1
-4.2
0.1
-1.4
0.0
8.1
5.5
7.4
0.0
0.0
4.2
2.9
4.4
0.2
0.0
6.1
6.1
ROGERS
A
C
F
I
R
X
Y
3.6
10.6
24.6
6.3
-3.9
1.3
0.0
0.3
0.9
2.1
-3.1
-3.1
-2.2
-3.8
-7.7
-10.7
-6.6
-10.2
-1.2
-8.3
-6.2
-11.7
-32.3
-9.0
-8.5
0.8
-8.8
0.0
-12.3
-3.9
-5.0
-7.0
-6.6
-10.0
9.0
-6.7
-0.5
7.9
-0.7
4.9
-18.8
6.3
-2.3
7.1
1.1
-2.6
0.2
8.8
4.5
0.9
7.4
-0.5
9.4
7.6
13.5
5.0
1.1
-0.7
1.9
4.4
-5.5
6.4
8.2
1.2
-2.4
0.8
3.7
7.9
5.4
37.6%
-5.9%
10.9%
11.5%
14.6%
15.3%
12.5%
28.6%
-25.4%
-18.9%
-2.3%
-18.5%
5.3%
-17.2%
SAINT
ANTHONY
A
C
I
R
X
Y
0.0
10.5
1.0
2.5
-2.5
1.8
0.0
-0.4
1.0
-4.9
-7.7
-2.3
0.0
-0.6
0.0
-5.1
-9.2
-5.6
-8.2
-5.1
-0.4
-5.9
-10.1
-7.6
0.0
-0.2
0.0
-1.4
-8.1
-2.6
-1.3
-3.3
-11.7
-5.9
-11.7
-11.1
0.0
4.3
0.0
-0.5
-23.8
-6.0
9.6
0.0
0.0
5.8
-0.7
-5.2
8.9
0.0
0.0
14.7
22.0
25.5
11.5
2.4
4.6
2.2
14.1
6.0
31.4%
3.3%
-7.6%
16.1%
-7.0%
5.4%
20.6%
7.0%
-6.2%
-0.3%
-37.2%
-10.9%
SAINT
BONIFACIUS
A
C
I
R
X
Y
0.7
10.9
6.9
0.6
-26.7
0.6
0.0
1.5
0.8
-4.7
-10.3
-5.9
-0.4
-2.0
-1.1
-5.8
-26.8
-8.7
-12.4
-4.8
-4.6
-3.3
-75.3
-11.2
-4.1
-8.9
-6.9
-7.7
-6.7
-8.2
-0.2
-11.9
-6.7
-10.5
-6.6
-7.1
2.0
-0.6
-0.6
2.8
220.5
0.1
0.6
1.2
-4.2
8.1
0.0
1.3
1.7
0.4
-0.9
3.3
0.0
21.2
10.5
0.0
0.0
6.8
25.6
6.2
15.1%
-11.0%
-12.0%
9.7%
276.0%
21.3%
-3.0%
-14.9%
-16.7%
-11.5%
-58.3%
-14.6%
SAINT
LOUIS
PARK
A
C
I
R
X
Y
2.9
11.5
9.8
1.9
2.1
1.1
1.7
5.4
4.4
-0.5
-4.6
-1.6
0.9
-0.3
0.2
-2.3
-3.7
-0.1
-2.3
-5.3
-3.4
-4.6
-10.4
-9.1
0.7
0.7
-0.7
-2.5
-4.0
-2.4
4.5
2.0
-3.7
-4.3
-4.0
-12.6
7.1
4.7
-0.2
-2.4
-7.3
-2.5
8.1
-0.6
-0.6
4.7
7.8
7.3
12.5
7.1
0.9
3.9
8.4
9.1
11.9
6.9
2.0
4.4
7.5
7.5
52.3%
21.5%
-1.7%
6.1%
11.8%
7.2%
58.2%
35.8%
8.3%
-2.2%
-9.8%
-5.5%
SHOREWOOD
A
C
F
R
Y
0.5
15.0
0.8
3.7
0.7
0.0
3.4
2.3
0.4
-4.1
-4.1
-3.1
6.6
-2.2
-4.7
-22.3
-0.7
-7.0
-0.3
-10.9 168.2
-7.6
-4.1
-8.4
-5.0
1.7
-0.4
-0.5
-4.6
-5.3
6.0
1.8
106.2
-2.1
-3.8
3.2
0.6
-27.4
6.6
14.3
8.9
1.9
-2.2
3.7
2.6
1.9
3.4
-7.4
2.6
1.1
23.5%
7.5%
34.9%
5.9%
8.0%
-8.2%
14.8%
254.2%
-4.4%
-13.5%
SPRING
PARK
A
C
I
R
X
Y
3.3
3.6
2.1
10.6
9.7
7.3
0.5
2.9
0.0
2.7
-8.7
5.5
-0.2
-1.9
-10.8
-10.2
-5.9
-10.0
-10.6
-7.7
-10.8
-6.2
-38.2
-20.6
-4.7
-2.2
-1.8
-7.6
-6.7
-2.7
-0.1
-1.1
0.0
-12.8
-0.7
2.4
1.7
-0.4
0.0
-3.7
1.1
-4.0
0.2
0.0
0.0
8.0
4.6
5.9
9.6
2.6
0.0
2.6
8.6
1.3
21.0
5.3
0.2
11.5
23.4
5.9
35.0%
6.4%
0.2%
3.8%
40.7%
11.7%
19.2%
0.4%
-20.1%
-8.2%
-23.5%
-12.1%
TONKA
BAY
C
R
Y
14.4
11.0
7.0
0.0
1.2
2.6
-1.6
-3.8
-4.8
-2.2
-6.8
-8.6
-2.0
-4.4
-6.7
0.0
-6.3
-7.0
0.0
-3.7
-1.9
-0.5
7.4
1.1
0.8
0.8
10.1
8.2
4.4
6.3
8.5%
2.0%
8.0%
17.1%
-1.8%
-3.7%
WAYZATA
A
C
R
X
Y
3.7
5.1
6.5
4.5
4.7
0.0
0.3
0.2
-0.5
0.5
-0.8
-4.7
-5.8
0.2
-3.6
-3.7
-12.5
-6.0
-3.8
-4.6
-4.5
-4.9
-0.6
-11.4
-4.3
0.0
-1.2
-10.5
-3.0
-5.0
2.6
7.5
-3.6
0.0
-4.8
5.4
3.2
5.8
1.2
3.7
4.1
2.5
4.9
-2.8
3.4
7.7
3.3
4.7
4.4
2.6
21.2%
16.1%
0.3%
-0.4%
-0.5%
14.7%
-3.0%
-5.8%
-11.6%
-7.8%
WOODLAND
R
4.7
-0.4
-4.5
-3.9
-5.8
-6.3
-3.8
3.1
7.0
2.2
1.6%
-8.3%
5 of 6
Page 11 of 51
HENNEPIN
COUNTY
SUBURBAN
HENNEPIN
PT***
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
A
C
F
I
R
X
Y
3.6
12.0
4.8
9.5
2.7
0.9
3.0
0.2
4.4
0.9
3.6
-3.2
-3.8
-4.1
-0.6
-2.3
-10.4
-2.1
-4.6
-6.3
-6.2
-6.8
-7.8
-9.1
-5.6
-6.3
-8.7
-7.8
-1.0
-2.4
-3.3
-3.2
-3.6
-3.6
-5.0
2.2
0.6
-3.6
-2.4
-5.4
-7.1
-8.5
3.5
1.3
4.4
-0.6
-1.0
-1.4
-1.2
8.9
2.4
2.9
0.2
7.8
9.0
8.0
13.2
7.3
-1.9
0.5
3.6
7.9
4.8
12.3
4.6
-4.1
3.6
4.0
6.9
4.9
PT***
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
A
C
F
I
R
X
Y
3.7
12.4
4.8
11.0
3.2
1.8
3.4
0.4
4.0
0.9
2.6
-2.1
-3.0
-3.9
-1.2
-3.5
-10.5
-3.1
-5.1
-7.4
-6.3
-5.8
-7.3
-9.2
-5.4
-7.0
-10.3
-8.0
0.0
-1.6
-3.3
-2.5
-3.6
-4.5
-4.8
3.9
0.8
-3.8
-1.8
-5.7
-9.3
-7.9
4.1
0.5
4.4
-0.8
-1.3
-3.3
-1.3
6.8
1.9
2.9
0.4
7.8
9.2
8.3
10.4
4.9
-1.9
4.1
3.5
7.6
4.5
12.9
2.8
-2.5
3.1
3.2
6.3
5.9
5 YEAR 10 YEAR
TOTAL
TOTAL
46.4%
39.4%
17.1%
20.4%
-2.6%
-18.9%
1.2%
2.7%
8.8%
-6.8%
15.2%
-7.8%
7.3%
-12.9%
5 YEAR 10 YEAR
TOTAL
TOTAL
44.0%
39.5%
11.3%
14.5%
-1.2%
-17.9%
5.0%
6.8%
7.2%
-7.9%
9.5%
-14.2%
8.9%
-11.2%
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are
assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer.
*Growth is based on static parcels only and is a net change menaing improvement amounts have been removed.
***A = A, HF, HL, HM C=C,GC,ND,NP,SC,SL,SM
F = BF, DF, F, FF, FP, LF, LV
6 of 6
Page 12 of 51
R = B, BJ, D, DJ, R, RL, RM, SR
X = X, XC, XM, AX
-10.0
-5.0
0.0
5.0
10.0
15.0
20.0
2007
2008
2009
2010
COMMERCIAL
2012
APARTMENT
YEAR
2011
INDUSTRIAL
2013
2014
SF RESIDENTIAL
HENNEPIN PROPERTY TYPE GROWTH
2016
Run Date 03-22-2016
2015
Page 13 of 51
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota
Department of Revenue and these values are typically not available for the current assessment until mid-summer.
PERCENT CHANGE
-10.0
-5.0
0.0
5.0
10.0
15.0
20.0
2007
2008
2009
2010
COMMERCIAL
2012
APARTMENT
YEAR
2011
INDUSTRIAL
2013
2014
SF RESIDENTIAL
2016
Run Date 03-22-2016
2015
SUBURBAN HENNEPIN PROPERTY TYPE GROWTH
Page 14 of 51
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota
Department of Revenue and these values are typically not available for the current assessment until mid-summer.
PERCENT CHANGE
Page 15 of 51
Report Created: 04-07-2016 (Sales & EMVs are from Initital 2016 Assessments)
Mean Ratio = 97.50%
Median Ratio = 98.27%
Standard Deviation = 9.31%
Number of Sales = 7,651
Normal Distribution
Based on 2015 Assessment Sales Ratio Period of 10/2014 to 9/2015
2016 SUBURBAN HENNEPIN COUNTY DIRECT SALES RATIO HISTOGRAM (R & RL)
95.8%
95.0%
95.0%
95.3%
95.3%
95.4%
95.3%
97.8%
96.2%
97.5%
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
98.3%
97.2%
101.7%
97.3%
97.1%
96.9%
97.4%
96.3%
95.9%
96.0%
DIRECT
MEAN RATIO
94.9%
92.3%
93.3%
99.4%
100.6%
MCAP
MEDIAN RATIO
Page 16 of 51
as submitted for each year.)
** Refer to the Introduction and Overview sections of this report for explanations of direct ratios versus MCAP ratios.
95.5%
93.3%
91.1%
97.6%
99.4%
MCAP
MEAN RATIO
*The following ratios are based on a weighted median and mean sales ratio and were generated from the original assessments
DIRECT
MEDIAN RATIO
ASSESSMENT
YEAR
By Assessed Year (2007 - 2016)
Suburban Hennepin - R & RL
Mean & Median Sales Ratios
2016 EMV Run Date: 03-29-2016
ESTIMATED MARKET VALUE MEDIANS
HENNEPIN COUNTY RESIDENTIAL SINGLE FAMILY*
2016 ASSESSMENT FOR TAXES PAYABLE 2017
CITY
BLOOMINGTON
BROOKLYN CENTER
BROOKLYN PARK
CHAMPLIN
CORCORAN
CRYSTAL
DAYTON
DEEPHAVEN
EDEN PRAIRIE
EDINA
EXCELSIOR
GOLDEN VALLEY
GREENFIELD
GREENWOOD
HANOVER
HOPKINS
INDEPENDENCE
LONG LAKE
LORETTO
MAPLE GROVE
MAPLE PLAIN
MEDICINE LAKE
MEDINA
MINNEAPOLIS
MINNETONKA
MINNETONKA BEACH
MINNETRISTA
MOUND
NEW HOPE
ORONO
OSSEO
PLYMOUTH
RICHFIELD
ROBBINSDALE
ROCKFORD
ROGERS
ST. ANTHONY
ST. BONIFACIUS
ST. LOUIS PARK
SHOREWOOD
SPRING PARK
TONKA BAY
WAYZATA
WOODLAND
SUBURBAN HENNEPIN
ALL HENNEPIN
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
248,200
196,100
228,100
233,100
327,000
198,000
272,000
512,500
374,800
444,750
346,000
282,000
416,000
868,000
373,000
233,000
472,000
266,000
245,000
290,900
234,000
668,000
592,500
214,000
327,400
1,030,000
488,000
237,000
228,000
724,000
202,000
343,100
223,000
200,000
218,000
285,000
266,000
240,000
243,800
431,000
427,000
723,000
464,000
945,000
242,800
180,400
221,800
225,000
328,000
188,000
271,000
487,600
370,800
428,500
337,500
275,000
406,500
813,500
367,000
227,000
451,000
249,000
220,000
285,800
232,000
671,000
607,000
192,000
322,000
1,026,500
472,900
232,000
223,000
708,600
196,000
334,400
212,000
195,000
217,000
290,000
253,000
230,000
239,700
428,000
418,700
673,000
467,000
938,000
228,800
156,500
198,300
207,000
302,000
173,000
261,000
472,000
354,050
432,700
328,000
270,000
392,000
814,000
338,000
221,500
417,000
248,000
208,000
275,300
221,000
654,500
604,500
190,600
309,750
1,002,000
458,000
218,000
209,000
696,000
188,000
318,900
195,000
176,000
198,000
262,000
238,250
217,000
233,300
419,000
395,000
680,500
461,000
943,500
213,000
137,500
175,200
190,000
280,000
155,000
245,000
446,500
334,500
411,500
298,000
250,000
351,000
747,000
303,500
207,000
382,000
245,000
194,500
262,500
194,500
614,000
567,000
185,500
293,200
959,500
402,500
206,500
193,000
638,000
167,000
304,000
181,000
157,000
170,000
241,000
225,000
210,000
223,600
389,000
362,000
604,000
444,000
893,000
207,600
133,900
166,100
181,000
270,000
151,000
229,000
448,500
326,800
403,600
287,000
245,000
322,000
711,500
303,000
198,000
357,000
214,000
193,500
256,200
184,000
574,000
528,000
180,500
288,000
907,000
384,000
191,000
181,000
589,000
159,000
299,500
177,000
149,000
167,500
224,000
223,000
193,500
219,200
373,500
330,000
562,000
439,500
854,000
194,500
119,400
156,000
166,000
239,500
130,000
194,000
430,500
312,600
396,550
269,000
230,000
310,000
693,500
290,000
191,000
337,000
217,000
165,000
240,300
160,000
493,500
506,500
170,500
277,400
868,500
360,000
161,000
164,000
535,000
133,000
285,350
163,000
137,000
154,000
227,000
207,000
171,000
211,550
364,000
285,500
519,500
414,000
812,500
188,200
114,300
155,200
162,000
222,000
131,000
195,000
429,500
317,850
400,000
273,000
227,000
286,500
667,000
266,000
183,000
337,000
209,000
182,000
246,800
178,500
511,000
492,000
170,000
273,700
794,500
353,000
162,000
168,000
528,000
131,000
294,000
159,000
125,000
151,000
225,000
208,000
180,000
204,800
367,000
269,500
504,000
412,500
792,000
206,700
131,400
172,500
177,000
269,000
151,000
219,000
473,000
339,100
428,300
335,000
252,500
308,000
726,000
277,000
206,000
356,000
222,000
184,500
268,700
180,000
586,500
503,000
181,000
279,000
980,000
387,000
189,000
180,000
546,000
147,000
316,100
173,000
149,000
164,000
251,000
223,000
199,000
217,400
386,500
352,000
474,000
431,000
719,000
219,800
142,100
181,500
184,000
278,000
153,000
224,000
534,000
360,300
457,300
370,000
258,000
327,000
704,500
305,000
207,000
360,000
228,000
205,000
278,900
193,000
574,500
521,500
191,000
317,750
1,020,000
385,000
192,000
188,500
572,000
165,000
327,000
180,000
146,000
171,500
263,000
255,000
203,000
227,700
410,000
353,000
473,000
475,000
848,000
225,950
150,000
190,900
198,000
285,000
166,000
237,000
550,500
363,100
458,100
391,000
262,000
352,000
772,000
320,000
223,000
385,500
249,000
208,000
289,400
206,000
670,000
524,000
205,500
322,600
1,100,000
411,000
213,000
196,000
607,000
172,000
339,000
194,000
158,000
182,000
275,000
260,000
222,000
240,000
409,000
376,000
510,500
503,500
817,000
270,200
253,000
264,500
244,000
252,800
234,500
236,700
221,500
229,600
215,000
217,500
203,100
217,000
202,500
235,800
219,600
248,000
230,500
256,000
241,000
*Includes all single subrecord taxable R & RL parcels
Page 17 of 51
Estimated Market Value
100,000
125,000
150,000
175,000
200,000
225,000
250,000
275,000
300,000
Page 18 of 51
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Assessment Year
Hennepin
Suburban
Minneapolis
Estimated Market Value Medians
10 Year History for R & RL Property Types
Hennepin County Mean & Median Sales Prices -- Single-Family Residential
3/29/2016
Jan-Dec 2012
City
Mean
Median
Jan-Dec 2013
#Cases
Mean
Median
Jan-Dec 2014
#Cases
Mean
Median
Jan-Dec 2015
#Cases
Mean
Median
#Cases
Bloomington
223,600
192,850
460
247,848
220,000
643
253,526
230,000
599
259,026
232,000
859
Brooklyn Center
120,220
119,200
157
137,488
139,168
244
147,476
149,900
214
153,342
156,492
311
Brooklyn Park
183,521
166,900
346
198,638
179,690
616
212,510
191,500
494
228,798
208,550
737
Champlin
195,034
165,000
146
223,673
198,000
217
243,549
215,000
171
240,818
215,500
259
Corcoran
256,238
250,000
26
395,608
305,550
55
326,315
314,000
31
334,037
297,000
49
Crystal
139,755
134,500
184
160,930
156,833
216
177,453
168,000
203
175,680
170,032
361
Dayton
235,438
175,000
32
320,975
278,150
34
288,406
212,250
24
265,798
215,800
39
Deephaven
592,140
504,000
50
810,454
509,000
52
680,959
486,000
43
746,523
566,225
62
Eden Prairie
367,893
332,300
411
418,228
350,013
524
436,797
385,000
435
409,120
362,655
588
Edina
519,658
412,400
487
545,633
443,750
552
600,808
449,750
392
578,924
465,000
505
Excelsior
367,818
298,000
22
471,877
250,000
18
408,919
360,000
9
476,442
424,500
24
Golden Valley
285,540
243,000
187
312,415
269,350
240
324,206
284,700
188
316,912
277,000
277
Greenfield
370,688
330,500
16
377,669
410,000
23
406,576
390,000
17
458,975
449,000
36
Greenwood
834,563
665,000
16 1,065,125
785,000
12 1,303,633
775,000
9
1,322,548
1,120,000
10
Hanover
335,833
359,500
340,000
4
295,790
320,100
9
6
273,943
279,630
6
331,250
Hopkins
245,084
202,000
83
281,997
231,250
80
264,513
219,900
65
313,682
234,500
113
Independence
460,710
441,000
31
486,584
457,500
27
464,491
357,450
28
486,407
468,000
37
Long Lake
320,000
226,000
19
352,944
264,000
23
271,666
220,500
15
348,787
320,000
17
Loretto
172,667
155,000
3
239,190
240,650
10
250,850
261,250
4
215,700
211,363
5
Maple Grove
289,865
257,900
420
325,877
300,387
542
335,460
300,000
442
322,603
284,000
729
Maple Plain
205,353
196,000
17
203,512
185,750
12
222,031
217,500
13
246,586
249,000
15
Medicine Lake
614,000
614,000
1
593,000
639,000
3
620,000
620,000
1
833,750
842,500
4
Medina
609,038
397,000
53
687,243
625,000
47
801,437
685,415
48
718,117
620,000
49
Minneapolis
240,873
187,000
2,929
265,059
212,000
3,361
266,506
210,000
2,902
276,947
225,000
4,035
Minnetonka
358,214
288,050
374
393,940
329,703
441
394,286
330,500
330
404,554
339,200
547
Minnetonka Beach
905,727 1,040,000
11
869,014
670,000
9 1,413,166 1,485,000
8
1,467,245
1,325,000
10
Minnetrista
473,000
384,000
65
473,620
414,005
85
484,923
415,000
67
566,132
438,750
74
Mound
274,148
191,000
115
341,212
215,550
122
304,382
235,000
93
302,399
223,369
170
New Hope
175,043
172,000
105
190,783
189,070
128
204,031
203,750
120
210,226
211,200
213
Orono
674,105
514,000
86
816,149
639,500
102
801,651
633,250
94
780,842
615,625
127
Osseo
143,762
143,000
21
160,703
164,417
22
184,335
180,000
17
181,935
186,766
18
Plymouth
329,041
300,450
440
361,780
334,777
610
379,363
350,200
444
370,429
347,500
699
Richfield
170,372
166,000
282
183,478
182,000
385
202,033
194,250
270
209,813
205,600
422
Robbinsdale
135,727
125,500
128
157,008
151,343
154
167,744
161,450
140
180,344
170,682
234
0
0
0
289,000
289,000
2
200,000
200,000
2
0
0
0
Rockford
Rogers
246,061
239,000
66
265,695
260,000
87
293,124
279,900
91
303,520
292,272
134
Shorewood
600,667
421,000
75
632,844
428,740
89
529,296
383,000
62
564,902
419,725
86
Spring Park
375,375
422,500
8
473,303
304,400
6
299,995
299,995
1
362,123
285,000
7
St Anthony
213,419
208,000
43
234,535
235,000
43
282,411
259,450
60
283,228
258,417
88
St Bonifacius
208,882
197,000
17
208,613
224,900
27
221,509
210,000
17
236,515
249,950
26
St Louis Park
236,361
203,100
424
265,684
229,900
473
272,965
239,563
368
282,973
246,778
602
Tonka Bay
844,767
755,500
30
895,704
852,500
22
716,800
570,000
17
843,141
428,023
27
Wayzata
1,079,875
563,500
24
530,506
400,000
29 1,172,083
470,000
27
783,675
462,500
40
Woodland
1,385,429 1,275,000
7
728,071
360,000
7 2,086,333 1,594,000
6
1,238,688
1,051,000
8
8,423
308,188
239,875
8,585
314,397
250,000
12,662
Henn Cty Totals
286,017
218,000
10,400
Sales prices are direct sales prices
Page 19 of 51
316,726
246,000
Data As of 03-29-2016
Hennepin Co. CRV Counts By Calendar Year
30,000
Minneapolis
Suburban
Count of CRVs (Sales)
25,000
All Hennepin
20,000
15,000
10,000
5,000
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Years
CRV (Certificate of Real Estate Value) Counts
Year
Minneapolis Count
Suburban Count
Hennepin Count
2006
9,565
17,948
27,513
2007
8,168
14,164
22,332
2008
7,687
12,231
19,918
2009
8,400
13,432
21,832
2010
6,540
11,756
18,296
2011
6,051
12,899
18,950
2012
7,161
15,461
22,622
2013
8,193
17,388
25,581
2014
7,756
16,089
23,845
2015
7,969
17,886
25,855
Page 20 of 51
1,333,257,500
4,553,626,700
1,507,682,000
51,606,000
457,256,900
1,146,499,800
356,551,600
574,238,000
6,613,509,900
6,476,059,100
211,988,800
0
2,126,827,800
270,116,700
119,414,000
52,311,500
1,213,947,800
380,666,300
0
165,217,900
47,414,000
531,894,100
1,657,588,900
465,888,500
18,836,000
305,218,200
458,537,400
231,889,200
621,722,000
3,174,400,800
4,444,717,600
227,887,100
0
1,222,474,900
158,759,500
208,535,000
19,774,200
564,262,600
283,382,000
0
79,028,500
12,081,600
CORCORAN (52) TOTAL:
CRYSTAL (54) TOTAL:
DAYTON (56) TOTAL:
DEEPHAVEN (59) TOTAL:
EDEN PRAIRIE (61) TOTAL:
EDINA (24) TOTAL:
FORT SNELLING (41) TOTAL:
GOLDEN VALLEY (28) TOTAL:
GREENFIELD (65) TOTAL:
GREENWOOD (19) TOTAL:
HANOVER (67) TOTAL:
HOPKINS (30) TOTAL:
INDEPENDENCE (70) TOTAL:
LONG LAKE (72) TOTAL:
LORETTO (74) TOTAL:
Page 1 of 3
INTERNATL AIRPORT (43) TOTAL:
EXCELSIOR (63) TOTAL:
CHANHASSEN (14) TOTAL:
CHAMPLIN (50) TOTAL:
BROOKLYN PARK (48) TOTAL:
BROOKLYN CENTER (22) TOTAL:
7,488,082,500
4,534,016,000
BLOOMINGTON (20) TOTAL:
9,787,910,700
1,195,960,000
588,440,800
1,605,037,200
762,475,100
70,442,000
1,973,570,500
6,211,215,600
1,865,151,600
0
0
0
0
0
0
0
0
0
0
571,700
0
0
0
8,700
72,000
0
10,000
7,000
49,300
0
20,000
81,200
0
124,800
0
5,000
10,000
0
2,100
10,000
13,000
43,100
QUALIFYING
IMPROV
Page 21 of 51
59,495,600
244,246,400
0
664,048,300
1,778,210,400
72,085,700
327,949,000
428,876,200
3,349,302,700
0
440,447,600
0 10,920,776,700
0
0
0
0
0
0
0
0
0
0 12,022,098,500
ESTIMATED
ESTIMATED
BUILDINGS MACHINERY* MARKET VAL
ESTIMATED
LAND
MUNIC (MUNIC NUMBER)
Report No. PI318201-5
657,018
2,940,161
0
6,705,281
23,038,011
706,720
3,796,133
4,399,524
42,746,556
0
5,518,505
132,373,307
119,973,632
13,487,115
6,417,479
16,365,071
7,642,270
1,400,268
20,264,265
70,923,347
21,609,125
161,643,578
13
96
77
289
194
9
13
105
320
10
49
583
974
62
184
278
213
314
650
300
867
271
754
2,246
5,151
295
353
1,672
8,398
885
20,780
22,103
1,564
2,469
8,039
3,186
23
8,314
23,821
8,623
30,424
284
850
77
2,535
5,345
304
366
1,777
8,718
10
934
21,363
23,077
1,626
2,653
8,317
3,399
23
8,628
24,471
8,923
31,291
264
748
1,675
5,123
265
348
1,311
8,360
866
20,739
21,876
1,560
2,008
8,008
2,386
22
8,244
23,707
8,605
30,362
277
842
77
1,756
5,311
270
361
1,359
8,668
10
913
21,307
22,708
1,616
2,141
8,285
2,423
22
8,557
24,329
8,896
31,201
Data As Of: 3/23/2016
13
94
77
81
188
5
13
48
308
10
47
568
832
56
133
277
37
313
622
291
839
TAX
SUBRECORDS
PARCELS
TAX TOTAL EXEMPT
TAX TOTAL
CAPACITY EXEMPT
Estimated Market Values - Munic Totals - 2016 Assessment
29,125,000
1,009,268,900
58,578,200
573,274,100
MEDICINE LAKE (79) TOTAL:
5,177,881,500
113,786,000
853,396,100
659,525,000
1,201,323,600
1,299,488,000
178,526,000
7,267,433,000
2,013,058,100
665,049,900
16,117,000
1,254,903,000
905,917,000
142,825,000
371,000,500
167,126,500
4,222,161,500
3,541,653,600
202,441,100
621,697,800
515,793,600
423,107,900
1,441,108,600
57,555,300
3,376,782,700
1,063,284,600
293,872,700
7,156,900
478,508,300
690,033,800
119,207,600
204,677,000
34,644,500
2,086,432,900
MINNETONKA (34) TOTAL:
MINNETONKA BEACH (82) TOTAL
:
MINNETRISTA (36) TOTAL:
MOUND (85) TOTAL:
NEW HOPE (86) TOTAL:
ORONO (38) TOTAL:
OSSEO (88) TOTAL:
PLYMOUTH (40) TOTAL:
RICHFIELD (42) TOTAL:
ROGERS (92) TOTAL:
SHOREWOOD (26) TOTAL:
SPRING PARK (17) TOTAL:
ST ANTHONY (94) TOTAL:
ST BONIFACIUS (95) TOTAL:
ST LOUIS PARK (46) TOTAL:
Page 2 of 3
ROCKFORD (90) TOTAL:
ROBBINSDALE (44) TOTAL:
9,571,445,400 33,965,068,800
MINNEAPOLIS (01) TOTAL:
MEDINA (80) TOTAL:
117,908,200
48,593,800
MAPLE PLAIN (77) TOTAL:
1,582,543,000
87,703,200
166,502,000
236,081,300
2,740,596,600
1,624,431,500
1,175,318,600
1,475,093,900
316,227,100
8,720,497,200
7,290,000
0
0
0
0
0
0
0
0
303,000
0
5,000
0
26,000
0
0
0
70,800
30,100
0
12,800
2,400
35,500
10,000
10,000
163,300
2,090,900
7,100
0
0
0
QUALIFYING
IMPROV
Page 22 of 51
6,315,884,400
201,771,000
575,677,500
262,032,600
1,595,950,800
1,733,411,300
23,273,900
958,922,600
3,076,342,700
12,082,600 10,656,298,300
0
0
0
0
0
0
962,100
0 43,536,514,200
0
0
0
8,297,508,800
6,101,922,800
2,195,586,000
MAPLE GROVE (76) TOTAL:
0
ESTIMATED
ESTIMATED
ESTIMATED
LAND
77,516,725
2,065,017
5,991,759
3,094,526
17,458,849
22,722,319
275,267
9,441,793
35,774,788
126,799,889
2,903,588
31,084,442
19,276,835
11,983,356
15,624,902
3,705,942
107,159,687
540,579,483
18,055,035
962,390
2,007,125
94,669,234
3,448
152
670
25,256
3,736
173
710
26,190
473
45
64
26
116
302
4
144
325
995
46
431
125
297
440
68
963
17,295
958
2,232
569
3,050
4,876
94
5,162
11,610
26,772
925
4,099
5,920
4,476
4,112
252
19,820
17,768
1,003
2,296
595
3,166
5,178
98
5,306
11,935
27,767
971
4,530
6,045
4,773
4,552
320
20,783
7,414 123,636 131,050
288
21
40
934
2,994
152
658
25,023
3,109
172
690
25,824
17,247
938
2,229
559
3,036
4,473
91
5,154
11,577
26,276
913
4,014
5,904
4,468
3,564
247
19,731
17,703
982
2,293
585
3,140
4,700
95
5,293
11,899
27,172
959
4,336
6,027
4,759
3,792
315
20,639
Data As Of: 3/23/2016
456
44
64
26
104
227
4
139
322
896
46
322
123
291
228
68
908
7,278 122,220 129,498
115
20
32
801
TAX
SUBRECORDS
PARCELS
TAX TOTAL EXEMPT
TAX TOTAL
CAPACITY EXEMPT
3,300,200
1,209,300
10,000
61,100
6,000
QUALIFYING
IMPROV
1,844,814,150
1,304,234,667
3,508,447
23,333,977
6,211,409
227
1,776
791
235
1,874
837
19,313 417,549 436,862
11,899 293,913 305,812
8
98
46
227
1,749
781
230
1,838
827
17,504 410,702 428,206
10,226 288,482 298,708
3
89
46
TAX
SUBRECORDS
PARCELS
TAX TOTAL EXEMPT
TAX TOTAL
CAPACITY EXEMPT
Page 3 of 3
Page 23 of 51
Data As Of: 3/23/2016
*Note Regarding State Assessed Values: For Utility Properties (Property Type 'U'), Building and Machinery Values are assessed by the Minnesota Department of
Revenue and these values are typically not available for the current assessment until mid-summer.
20,906,400 152,366,176,300
48,217,636,000 104,127,633,900
299,052,000
HENNEPIN COUNTY TOTAL:
0
1,792,788,400
20,906,400 108,829,662,100
123,290,000
175,762,000
WOODLAND (15) TOTAL:
0
548,012,800
38,646,190,600 70,162,565,100
919,029,700
873,758,700
WAYZATA (99) TOTAL:
0
SUBURBAN TOTAL:
206,228,000
ESTIMATED
ESTIMATED
341,784,800
ESTIMATED
LAND
TONKA BAY (97) TOTAL:
Page 1 of 6
DEEPHAVEN
DAYTON
CRYSTAL
CORCORAN
CHANHASSEN
CHAMPLIN
BROOKLYN PARK
BROOKLYN
CENTER
BLOOMINGTON
MUNICIPALITY:
-0.01%
1,034,866
1,401,686
35.45%
15,830
4,200
-73.47%
4.32%
271,130
264,533
-2.43%
345,625
357,128
3.33%
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
Percent Change:
Percent Change:
15.96%
-38.58%
2016 Pay 2017:
753,370
1,217,270
182,860
2015 Pay 2016:
2,368,602
1,049,760
297,710
Percent Change:
2016 Pay 2017:
4.44%
7.49%
2016 Pay 2017:
753,450
1,121,760
2,384,220
2015 Pay 2016:
2,270,427
1,074,040
2,218,130
Percent Change:
2015 Pay 2016:
8.19%
7.29%
2016 Pay 2017:
2.52%
12,290,803
11,589,555
2015 Pay 2016:
0.98%
11,360,202
10,802,558
Percent Change:
Percent Change:
3.07%
7.21%
2016 Pay 2017:
2016 Pay 2017:
2,477,510
6,011,065
347,220
2,403,776
5,606,748
2015 Pay 2016:
355,960
-0.23%
6.35%
Percent Change:
306,310
13,308,933
72,791,577
2016 Pay 2017:
309,317
13,339,171
68,445,729
2015 Pay 2016:
2015 Pay 2016:
INDUSTRIAL*:
COMMERCIAL:
Page 24 of 51
7.46%
150,626
140,163
2.20%
3,488
3,413
15.26%
1,685,534
1,462,415
0.00%
0
0
0.00%
0
0
29.92%
663,122
510,410
20.28%
4,899,262
4,073,181
13.53%
2,659,979
2,342,889
19.63%
13,485,493
11,272,391
APARTMENT:
4.77%
12,964,661
12,374,122
13.67%
4,197,173
3,692,313
9.94%
11,543,075
10,499,780
7.69%
6,024,766
5,594,289
-40.00%
138
230
8.16%
16,088,073
14,874,775
6.55%
41,613,599
39,057,201
6.48%
10,453,731
9,817,812
4.44%
62,019,039
59,380,511
RESIDENTIAL:
0.00%
0
0
-1.09%
461,449
466,545
0.00%
0
0
-3.50%
882,852
914,875
0.00%
0
0
-63.63%
6,295
17,309
16.66%
530,128
454,431
0
7,580
-55.69%
3,655
8,248
FARM:
2.34%
10,500
10,260
0.00%
89,150
89,150
0.00%
14,490
14,490
0.00%
69,375
69,375
0.00%
0
0
165.00%
795
300
0.00%
0
0
0.00%
6,840
6,840
3.74%
34,881
33,623
OTHER:
2016 Property Type Table - Munic Tax Capacities
Data as of: 3/23/2016
4.66%
13,487,115
12,886,000
15.48%
6,417,479
5,557,417
9.10%
16,365,071
15,000,562
5.67%
7,642,270
7,232,069
3.90%
1,400,268
1,347,700
8.39%
20,264,265
18,694,964
7.87%
70,923,347
65,747,573
7.05%
21,609,125
20,185,645
6.01%
161,643,578
152,479,673
MUNIC TOTAL:
Report No. PI318201-PDS1
Page 2 of 6
HOPKINS
HANOVER
GREENWOOD
GREENFIELD
GOLDEN VALLEY
FORT SNELLING
EXCELSIOR
EDINA
EDEN PRAIRIE
MUNICIPALITY:
346,838
-2.51%
0
0
0.00%
2,873
1,463
-49.08%
3,558,302
3,760,542
5.68%
-6.15%
183,488
234,220
27.65%
6,180
6,180
0.00%
5,829,714
5,997,832
2.88%
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
Percent Change:
338,146
8.44%
7.08%
2016 Pay 2017:
197,060
5,999,637
13,439,240
2015 Pay 2016:
184,934
5,532,453
12,551,000
Percent Change:
2015 Pay 2016:
0.00%
0.00%
2016 Pay 2017:
Percent Change:
0
0.26%
10.46%
2016 Pay 2017:
0
17,500
1,827,138
2015 Pay 2016:
0
17,455
1,654,179
Percent Change:
0
5.07%
7.72%
2016 Pay 2017:
2015 Pay 2016:
4,351,889
4,572,722
0.69%
2.31%
Percent Change:
28,544,668
11,962,973
29,718,335
2016 Pay 2017:
30,748,524
11,881,008
29,047,165
2015 Pay 2016:
2015 Pay 2016:
INDUSTRIAL*:
COMMERCIAL:
Page 25 of 51
16.59%
4,344,212
3,726,010
0.00%
0
0
6.91%
18,575
17,375
0.00%
0
0
23.19%
2,303,256
1,869,653
0.00%
0
0
7.96%
515,151
477,168
30.61%
8,375,274
6,412,275
17.11%
8,978,861
7,667,144
APARTMENT:
6.04%
8,911,365
8,403,799
5.24%
668,486
635,230
10.02%
3,543,338
3,220,629
9.63%
3,485,302
3,179,241
3.57%
21,004,423
20,279,966
0.00%
0
0
6.28%
3,151,531
2,965,445
3.32%
88,676,787
85,827,672
1.56%
69,269,263
68,205,510
RESIDENTIAL:
0.00%
0
0
-5.57%
30,591
32,394
0.00%
0
0
0.42%
391,142
389,524
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
-1.89%
44,200
45,052
FARM:
6.51%
24,060
22,590
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
6.44%
7,185
6,750
0.00%
0
0
0.00%
0
0
OTHER:
Data as of: 3/23/2016
6.95%
23,038,011
21,540,415
4.44%
706,720
676,677
10.95%
3,796,133
3,421,492
6.98%
4,399,524
4,112,663
6.25%
42,746,556
40,233,072
0.00%
0
0
7.76%
5,518,505
5,120,997
5.78%
132,373,307
125,136,504
2.68%
119,973,632
116,845,879
MUNIC TOTAL:
Page 3 of 6
MINNEAPOLIS
MEDINA
MEDICINE LAKE
MAPLE PLAIN
MAPLE GROVE
LORETTO
LONG LAKE
INTERNATL
AIRPORT
INDEPENDENCE
MUNICIPALITY:
0
0
0.00%
499,888
518,298
3.68%
47,071
47,071
0.00%
9,354,399
9,261,529
-0.99%
618,121
618,868
0.12%
14,284
14,284
0.00%
1,224,460
1,200,565
-1.95%
23,947,882
23,020,207
-3.87%
0.00%
487,216
569,992
16.99%
161,041
168,108
4.39%
17,885,457
18,250,134
2.04%
236,076
235,565
-0.22%
21,080
21,760
3.23%
1,077,381
1,187,964
10.26%
149,451,870
167,799,567
12.28%
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
-5.71%
4.73%
Percent Change:
0
196,581
144,863
2016 Pay 2017:
0
208,491
138,323
2015 Pay 2016:
2015 Pay 2016:
INDUSTRIAL*:
COMMERCIAL:
Page 26 of 51
18.86%
85,847,920
72,226,194
36.79%
48,666
35,577
3.88%
21,076
20,289
2.91%
145,432
141,323
29.85%
2,996,697
2,307,726
2.28%
23,712
23,184
14.50%
99,109
86,555
0.00%
0
0
0.00%
0
0
APARTMENT:
7.78%
263,622,122
244,598,809
7.65%
14,938,712
13,877,336
15.05%
905,270
786,820
5.95%
1,007,260
950,712
4.39%
63,955,324
61,263,720
2.68%
416,635
405,747
10.12%
1,752,762
1,591,619
0.00%
0
0
6.93%
5,563,995
5,203,294
RESIDENTIAL:
10.07%
16,787
15,251
2.02%
676,593
663,207
0.00%
0
0
0.00%
0
0
0.32%
205,550
204,901
4.04%
1,492
1,434
0.00%
0
0
0.00%
0
0
0.08%
799,842
799,193
FARM:
7.40%
272,880
254,068
3.68%
2,535
2,445
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
OTHER:
Data as of: 3/23/2016
10.21%
540,579,483
490,494,074
6.96%
18,055,035
16,880,406
14.23%
962,390
842,473
3.13%
2,007,125
1,946,232
4.01%
94,669,234
91,016,203
2.90%
657,018
638,477
10.31%
2,940,161
2,665,278
0.00%
0
0
5.61%
6,705,281
6,349,301
MUNIC TOTAL:
Page 4 of 6
RICHFIELD
PLYMOUTH
OSSEO
ORONO
NEW HOPE
MOUND
MINNETRISTA
MINNETONKA
BEACH
MINNETONKA
MUNICIPALITY:
0
0
0.00%
65,120
46,370
-28.79%
174,528
150,190
-13.95%
5,186,681
5,424,411
4.58%
253,402
225,792
-10.90%
412,077
425,691
3.30%
17,937,960
18,734,856
4.44%
245,552
259,852
5.82%
-4.18%
92,662
95,432
2.99%
629,510
681,675
8.29%
1,399,256
1,648,203
17.79%
918,009
952,419
3.75%
719,891
725,150
0.73%
18,835,353
20,706,627
9.93%
11,400,114
12,027,955
5.51%
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
8.99%
-1.02%
Percent Change:
85,570
6,425,054
31,213,548
2016 Pay 2017:
81,990
5,895,132
31,536,005
2015 Pay 2016:
2015 Pay 2016:
INDUSTRIAL*:
COMMERCIAL:
Page 27 of 51
13.98%
4,309,238
3,780,553
14.65%
10,327,376
9,008,055
50.33%
723,282
481,123
13.06%
163,526
144,638
17.69%
3,193,376
2,713,366
9.02%
242,285
222,230
0.00%
0
0
0.00%
0
0
20.30%
8,973,506
7,459,390
APARTMENT:
9.10%
19,155,155
17,557,281
7.05%
76,932,679
71,866,110
3.84%
1,026,975
989,004
8.46%
29,705,215
27,387,536
4.79%
9,010,845
8,598,755
10.56%
10,897,866
9,857,032
12.62%
14,995,830
13,315,518
8.81%
3,623,952
3,330,569
3.25%
60,540,089
58,635,484
RESIDENTIAL:
0.00%
0
0
-57.99%
76,013
180,930
0.00%
0
0
-17.78%
37,490
45,598
0.00%
0
0
0.00%
0
0
-3.66%
487,270
505,797
0.00%
0
0
0.00%
7,490
7,490
FARM:
0.00%
22,588
22,588
0.00%
22,338
22,338
0.00%
2,490
2,490
0.00%
0
0
0.00%
0
0
2.16%
11,340
11,100
0.00%
0
0
0.00%
0
0
0.00%
0
0
OTHER:
Data as of: 3/23/2016
8.39%
35,774,788
33,006,088
7.59%
126,799,889
117,850,746
11.48%
2,903,588
2,604,585
8.12%
31,084,442
28,749,183
7.70%
19,276,835
17,898,058
10.00%
11,983,356
10,894,400
11.77%
15,624,902
13,979,097
8.48%
3,705,942
3,416,139
3.50%
107,159,687
103,533,501
MUNIC TOTAL:
Page 5 of 6
TONKA BAY
ST LOUIS PARK
ST BONIFACIUS
ST ANTHONY
SPRING PARK
SHOREWOOD
ROGERS
ROCKFORD
ROBBINSDALE
MUNICIPALITY:
INDUSTRIAL*:
132,258
94,402
-28.62%
60,346
58,636
-2.83%
7,427,785
7,924,263
6.68%
173,280
184,260
6.34%
149,220
149,600
0.25%
382,260
400,100
4.67%
92,535
93,035
0.54%
5,839,716
6,029,051
3.24%
2,000
2,000
0.00%
COMMERCIAL:
1,117,590
1,145,423
2.49%
29,110
29,590
1.65%
3,843,758
3,961,066
3.05%
756,555
736,666
-2.63%
460,750
485,942
5.47%
498,180
507,040
1.78%
310,640
311,990
0.43%
19,772,337
21,698,951
9.74%
207,519
227,058
9.42%
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
Page 28 of 51
0.00%
0
0
18.08%
12,111,303
10,256,832
10.34%
35,095
31,806
11.41%
379,439
340,594
20.64%
726,888
602,543
7.51%
26,113
24,288
10.84%
699,082
630,702
4.37%
44,501
42,638
18.16%
953,758
807,202
APARTMENT:
5.14%
5,982,351
5,689,735
6.89%
37,668,831
35,241,218
8.11%
1,623,990
1,502,135
3.29%
4,662,242
4,513,689
15.55%
1,732,096
1,499,048
4.93%
16,487,889
15,713,389
6.43%
9,679,935
9,094,758
6.93%
117,478
109,867
10.86%
7,246,275
6,536,601
RESIDENTIAL:
0.00%
0
0
0.00%
0
0
0.00%
907
907
0.00%
0
0
0.00%
0
0
-5.56%
4,571
4,840
-2.31%
457,973
468,825
-12.42%
261
298
0.00%
0
0
FARM:
0.00%
0
0
0.00%
8,589
8,589
0.00%
0
0
0.00%
42,938
42,938
0.00%
0
0
0.78%
19,350
19,200
0.00%
0
0
0.00%
24,801
24,801
0.00%
1,935
1,935
OTHER:
Data as of: 3/23/2016
5.29%
6,211,409
5,899,254
9.00%
77,516,725
71,118,692
6.55%
2,065,017
1,938,023
3.71%
5,991,759
5,777,661
14.12%
3,094,526
2,711,561
4.60%
17,458,849
16,691,552
5.85%
22,722,319
21,465,828
3.07%
275,267
267,060
9.84%
9,441,793
8,595,586
MUNIC TOTAL:
0
0
0.00%
113,768,613
118,290,768
3.97%
137,716,495
141,310,975
2.61%
0.00%
287,289,744
302,672,867
5.35%
436,741,614
470,472,434
7.72%
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
2015 Pay 2016:
2016 Pay 2017:
Percent Change:
-26.87%
5.74%
Percent Change:
0
221,534
6,442,496
2016 Pay 2017:
0
302,914
6,092,540
2015 Pay 2016:
2015 Pay 2016:
INDUSTRIAL*:
COMMERCIAL:
18.92%
182,030,629
153,073,944
18.97%
96,182,709
80,847,750
0.00%
0
0
8.39%
1,856,416
1,712,649
APARTMENT:
6.13%
1,045,162,341
984,823,472
5.58%
781,540,219
740,224,663
5.34%
3,508,447
3,330,587
10.61%
14,787,371
13,368,574
RESIDENTIAL:
-2.14%
5,122,551
5,234,629
-2.18%
5,105,764
5,219,378
0.00%
0
0
0.00%
0
0
FARM:
3.49%
715,220
691,070
1.22%
442,340
437,002
0.00%
0
0
3.81%
26,160
25,200
OTHER:
7.36%
1,844,814,150
1,718,281,224
6.23%
1,304,234,667
1,227,787,150
5.34%
3,508,447
3,330,587
8.52%
23,333,977
21,501,877
MUNIC TOTAL:
Page 6 of 6
Page 29 of 51
Data as of: 3/23/2016
*Note Regarding State Assessed Values: For Utility Properties (Property Type 'U'), Building and Machinery Values are assessed by the Minnesota Department of
Revenue and these values are typically not available for the current assessment until mid-summer.
HENNEPIN
COUNTY
SUBURBAN
HENNEPIN
WOODLAND
WAYZATA
MUNICIPALITY:
2016 Data as of: 3/23/2016
429,552
428,761
2015 Data as of: 12/3/2015
1,346 *
129,498
298,708
1,876,181,253 **
1,748,332,378
1,343
129,569
297,849
540,579,483 **
1,304,234,667 **
1,844,814,150 **
490,494,074
1,227,787,150
1,718,281,224
31,367,103 *&**
149,469,747,676
139,516,727,987
30,051,154
42,325,823,201
105,539,263,575
147,865,086,776
38,538,038,027
99,438,378,060
137,976,416,087
1,604,660,900 *
1,157,706,399
3,101,778,725
4,259,485,124
130,428
303,731
434,159
1,349,260,106
3,450,050,926
4,799,311,032
1,540,311,900
300
983
1,283
50,893,700
187,689,500
238,583,200
297
985
1,282
47,122,300
177,035,900
224,158,200
131,050
305,812
436,862
661
3,300,200
1,542
390
271
8,986,780
2,090,900
1,209,300
Count
Of
Parcels
931
611
43,536,514,200
108,829,662,100
152,366,176,300
153,970,837,200
1,604,660,900 *
Preliminary
2016 Assessment
For 2017 Taxes
5,762,680
3,224,100
39,881,277,200
102,923,782,500
142,805,059,700
144,345,371,600
1,540,311,900
Count
Of
Parcels
0.18%
0.22%
-0.05%
0.29%
7.31%
10.21%
6.23%
7.36%
4.38%
7.13%
0.48%
0.69%
0.62%
1.01%
-0.20%
0.08%
-57.13%
-58.11%
-55.65%
Count
Of
Parcels
Prepared by The Hennepin County Assessor's Office
791
3
-71
859
127,848,875
50,085,409
76,447,517
126,532,926
1,315,949
9,953,019,689
9.83%
6.14%
7.17%
3,787,785,174
6,100,885,515
9,888,670,689
-14.20%
-10.09%
-11.25%
622
2,081
2,703
4.18%
8.00%
6.02%
6.44%
3
-2
1
64,349,000
-191,553,707
-348,272,201
-539,825,908
3,771,400
10,653,600
14,425,000
-63.28%
-881
-63.72%
-62.49%
-3,671,780
-2,014,800
-5,686,580
9.17%
5.74%
6.70%
6.67%
3,655,237,000
5,905,879,600
9,561,116,600
9,625,465,600
% Change
2015 to
2016
4.18%
-541
-340
Count
Of
Parcels
64,349,000
Change From
2015 Assessment
to 2016 Assessment
NOTES: * 2016 Personal Property has 2015MSP Airport Figures.
**TAX CAPACITIES based on 2015 Legislative base limits and percentages.
State Assessed Values - Utility Properties (Prop Type = U) building and machinery values are assessed by the MN DOR and are typically not available until mid-summer.
Page 30 of 51
Report: DK99SS93.2013.05
Total Hennepin County Parcels
Number of Parcels (Taxable & Exempt):
Personal Property
Real Estate (MPLS)
Real Estate (Non-MPLS)
Total Tax Capacity
Tax Capacity (Personal Property)
Tax Capacity (Real Estate)
City of MPLS
Hennepin Co (Non-MPLS)
Total Hennepin Co (Real Estate)
Total Taxable Market Value
Taxable Market Value (Personal Prop)
Taxable Market Value (Real Estate)
City of MPLS
Total Hennepin County (Real Estate)
Total Hmstd Market Value Exclusion
Total Veteran's Exclusion
LESS Hmstd Market Value Exclusion
City of MPLS
Total Qualifying Improvements
LESS Veteran's Exclusion
City of MPLS
Estimated Market Value (Personal Prop)
Estimated Market Value (Real Estate)
City of MPLS (Minneapolis)
Total Hennepin Co (Real Estate)
Total Estimated Market Value
LESS "This Old House" Qualifying Imps
City of MPLS
Final
2015 Assessment
For 2016 Taxes
Hennepin County Valuation Comparison
Hennepin County 2016 Assessment
Market Value Exclusions
Municipality
BLOOMINGTON
Total
Estimated
Market Value
Qualifying % EMV
Impromnt Lost To
(This Old Qualifying
House) Imprvmnt
% EMV
Lost To
Veteran's Vets
Exclusion Exclsn
Homestead % EMV
Lost
Market
Value
To
Exclusion HMVE
Total
Taxable
Market Value
12,022,098,500
43,100
0.00%
32,100,000
0.27%
397,035,811
3.30%
11,601,716,189
BROOKLYN CENTER
1,865,151,600
13,000
0.00%
10,900,000
0.58%
160,288,638
8.59%
1,698,459,462
BROOKLYN PARK
6,211,215,600
10,000
0.00%
38,750,000
0.62%
361,677,808
5.82%
5,821,040,192
CHAMPLIN
1,973,570,500
2,100
0.00%
6,600,000
0.33%
125,461,591
6.36%
1,843,122,809
CHANHASSEN
70,442,000
0
0.00%
0
0.00%
9,200
0.01%
70,432,800
762,475,100
10,000
0.00%
2,250,000
0.30%
16,273,714
2.13%
744,201,386
1,605,037,200
5,000
0.00%
8,021,000
0.50%
146,961,252
9.16%
1,452,701,948
588,440,800
0
0.00%
2,250,000
0.38%
19,291,511
3.28%
567,231,289
DEEPHAVEN
1,195,960,000
124,800
0.01%
649,000
0.05%
3,000,184
0.25%
1,192,186,016
EDEN PRAIRIE
9,787,910,700
0
0.00%
12,750,000
0.13%
166,611,941
1.70%
9,609,866,959
10,920,776,700
81,200
0.00%
8,250,000
0.08%
107,922,400
0.99%
10,806,172,500
440,447,600
20,000
0.00%
450,000
0.10%
2,208,641
0.50%
437,768,959
0
0
0.00%
0.00%
0
0.00%
0
3,349,302,700
49,300
0.00%
5,700,000
0.17%
96,761,507
2.89%
3,248,222,893
GREENFIELD
428,876,200
7,000
0.00%
900,000
0.21%
7,886,601
1.84%
420,399,599
GREENWOOD
327,949,000
10,000
0.00%
300,000
0.09%
460,310
0.14%
327,178,690
72,085,700
0
0.00%
0
0.00%
1,750,730
2.43%
70,334,970
1,778,210,400
72,000
0.00%
2,775,000
0.16%
52,995,899
2.98%
1,722,712,501
664,048,300
8,700
0.00%
1,650,000
0.25%
7,593,098
1.14%
654,964,502
0.00%
0
0.00%
0
300,000
0.12%
6,328,919
2.59%
237,678,481
CORCORAN
CRYSTAL
DAYTON
EDINA
EXCELSIOR
FORT SNELLING
GOLDEN VALLEY
HANOVER
HOPKINS
INDEPENDENCE
INTERNATL AIRPORT
LONG LAKE
LORETTO
MAPLE GROVE
MAPLE PLAIN
0
0
0.00%
244,246,400
0
0.00%
59,495,600
0
0.00%
150,000
0.25%
3,761,270
6.32%
55,584,330
8,297,508,800
0
0.00%
16,458,900
0.20%
266,051,378
3.21%
8,018,464,922
157,822,472
166,502,000
0
0.00%
450,000
0.27%
8,327,528
5.00%
87,703,200
0
0.00%
0
0.00%
171,470
0.20%
87,531,730
1,582,543,000
7,100
0.00%
600,000
0.04%
8,182,621
0.52%
1,573,753,279
MINNEAPOLIS
43,536,514,200
2,090,900
0.00%
69,825,000
0.16%
1,157,706,399
2.66%
42,325,823,201
MINNETONKA
8,720,497,200
163,300
0.00%
15,956,400
0.18%
167,512,112
1.92%
8,538,673,388
316,227,100
10,000
0.00%
300,000
0.09%
163,070
0.05%
315,798,030
MINNETRISTA
1,475,093,900
10,000
0.00%
1,650,000
0.11%
11,251,041
0.76%
1,462,320,859
MOUND
1,175,318,600
35,500
0.00%
4,500,000
0.38%
45,276,892
3.85%
1,126,323,208
NEW HOPE
1,624,431,500
2,400
0.00%
6,180,000
0.38%
96,602,026
5.95%
1,523,495,074
ORONO
2,740,596,600
12,800
0.00%
2,100,000
0.08%
12,077,393
0.44%
2,726,649,407
OSSEO
236,081,300
0
0.00%
750,000
0.32%
14,253,125
6.04%
221,257,175
MEDICINE LAKE
MEDINA
MINNETONKA BEAC
PLYMOUTH
10,656,298,300
30,100
0.00%
17,070,000
0.16%
220,016,738
2.06%
10,421,029,462
RICHFIELD
3,076,342,700
70,800
0.00%
14,330,300
0.47%
179,882,383
5.85%
2,885,821,217
958,922,600
0
0.00%
3,150,000
0.33%
89,971,162
9.38%
866,667,438
ROBBINSDALE
ROCKFORD
23,273,900
0
0.00%
0
0.00%
1,298,270
5.58%
21,975,630
ROGERS
1,733,411,300
0
0.00%
4,885,000
0.28%
45,420,236
2.62%
1,683,893,064
SHOREWOOD
1,595,950,800
26,000
0.00%
1,500,000
0.09%
12,471,135
0.78%
1,582,038,665
SPRING PARK
262,032,600
0
0.00%
300,000
0.11%
2,144,885
0.82%
259,736,715
ST ANTHONY
575,677,500
5,000
0.00%
2,250,000
0.39%
25,664,495
4.46%
547,879,005
ST BONIFACIUS
201,771,000
0
0.00%
600,000
0.30%
13,766,077
6.82%
187,566,923
ST LOUIS PARK
6,315,884,400
303,000
0.00%
9,450,000
0.15%
189,219,613
3.00%
6,118,385,387
548,012,800
6,000
0.00%
600,000
0.11%
2,393,620
0.44%
545,013,180
1,792,788,400
61,100
0.00%
900,000
0.05%
5,170,840
0.29%
1,786,658,460
299,052,000
10,000
0.00%
300,000
0.10%
209,590
0.07%
298,532,410
152,366,176,300
3,300,200
0.00%
308,850,600
4,259,485,124
2.80%
147,865,086,776
TONKA BAY
WAYZATA
WOODLAND
TOTAL HENNEPIN
Data as of: 3/23/2016
Page 31 of 51
0.20%
Report No. DK99SS93-A2
2016 HENNEPIN COUNTY NEW CONSTRUCTION* REPORT
MUNIC
PID COUNT
IMPROVEMENT AMOUNT (ALL PT'S)
( 20 ) BLOOMINGTON
893
$206,437,900
( 22 ) BROOKLYN CENTER
285
$18,310,500
( 48 ) BROOKLYN PARK
397
$120,164,000
( 50 ) CHAMPLIN
246
$13,416,000
( 52 ) CORCORAN
105
$13,612,700
( 54 ) CRYSTAL
222
$5,095,000
( 56 ) DAYTON
157
$30,342,000
76
$14,416,000
( 61 ) EDEN PRAIRIE
( 59 ) DEEPHAVEN
550
$93,057,500
( 24 ) EDINA
724
$227,060,200
46
$9,135,800
430
$49,821,600
( 65 ) GREENFIELD
51
$4,813,000
( 19 ) GREENWOOD
21
$7,362,000
( 63 ) EXCELSIOR
( 28 ) GOLDEN VALLEY
( 67 ) HANOVER
15
$1,293,000
( 30 ) HOPKINS
219
$24,606,000
( 70 ) INDEPENDENCE
78
$4,895,000
( 72 ) LONG LAKE
20
$2,159,800
8
$116,000
735
$143,834,900
12
$248,000
6
$782,000
( 74 ) LORETTO
( 76 ) MAPLE GROVE
( 77 ) MAPLE PLAIN
( 79 ) MEDICINE LAKE
( 80 ) MEDINA
197
$34,872,900
( 01 ) MINNEAPOLIS
3,470
$881,560,800
( 34 ) MINNETONKA
499
$108,137,300
11
$3,973,000
( 36 ) MINNETRISTA
( 82 ) MINNETONKA BEACH
278
$44,035,000
( 85 ) MOUND
182
$9,455,000
( 86 ) NEW HOPE
124
$23,185,000
( 38 ) ORONO
267
$51,198,000
23
$15,551,000
( 40 ) PLYMOUTH
( 88 ) OSSEO
1,773
$199,691,300
( 42 ) RICHFIELD
449
$27,804,000
( 44 ) ROBBINSDALE
182
$8,056,000
1
$20,000
( 92 ) ROGERS
222
$38,872,500
( 26 ) SHOREWOOD
156
$13,233,000
( 90 ) ROCKFORD
( 17 ) SPRING PARK
22
$567,000
( 94 ) ST ANTHONY
105
$2,390,000
( 95 ) ST BONIFACIUS
20
$133,000
( 46 ) ST LOUIS PARK
620
$122,758,900
15
$2,032,000
125
$74,367,000
18
$6,890,000
( 97 ) TONKA BAY
( 99 ) WAYZATA
( 15 ) WOODLAND
HENNEPIN TOTALS
14,055
$2,659,761,600
* Improvement Amounts are for value added due to physical change in the calendar year preceeding the Assessment Year.
Run Date: 3/23/2016
Page 1 of 1
Page 32 of 51
$2,077,100,180
Apartment
$46,748,431,180
Total
$95,855,087,120
$15,592,400
$66,323,983,700
$113,494,200
$10,685,575,320
$3,886,195,500
$14,830,246,000
EMV Bldg
$0
$201,541,400
$0
$0
$0
$0
$201,541,400
EMV Mach
$142,805,059,700
$52,309,500
$100,209,022,000
$653,728,800
$12,762,675,500
$6,983,121,300
$22,144,202,600
EMV Total
Total
Other
Residential
Farm
Apartment
Industrial
Commercial
Property Type
Farm
0.41%
$48,237,720,700
$37,792,000
$34,799,977,200
$510,881,900
$2,209,377,800
$2,951,521,800
$7,728,170,000
EMV Land
Apartment
9.93%
$104,136,198,500
$16,310,300
$70,770,097,300
$117,816,700
$12,926,946,700
$4,189,851,400
$16,115,176,100
EMV Bldg
Industrial
4.70%
$0
$20,906,400
$0
$0
$0
$0
$20,906,400
EMV Mach
$152,394,825,600
$54,102,300
$105,570,074,500
$628,698,600
$15,136,324,500
$7,162,279,600
$23,843,346,100
EMV Total
Commercial
15.65%
Other
0.04%
Page 33 of 51
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are
typically not available for the current assessment until mid-summer.
$36,717,100
$33,885,038,300
Other
Residential
$540,234,600
$2,895,384,400
Industrial
Farm
$7,313,956,600
EMV Land
Apartment
8.94%
Industrial
4.89%
Commercial
15.51%
Other
0.04%
Residential
69.27%
Run Date: 03/21/16
Run Date: 12/03/15
Commercial
Property Type
Farm
0.46%
Residential
70.17%
2016 Assessment
2015 Assessment
Hennepin County Estimated Market Value
$2,076,121,304
Apartment
$45,551,743,957
Total
$92,424,672,130
$15,592,400
$62,901,639,170
$109,521,954
$10,681,477,106
$3,886,195,500
$14,830,246,000
TMV Bldg
$0
$201,541,400
$0
$0
$0
$0
$201,541,400
TMV Mach
Industrial
5.06%
$137,976,416,087
$52,309,500
$95,392,003,220
$647,181,057
$12,757,598,410
$6,983,121,300
$22,144,202,600
TMV Total
Commercial
16.05%
Other
0.04%
Total
Other
Residential
Farm
Apartment
Industrial
Commercial
Property Type
Farm
0.42%
$16,310,300
$67,548,928,439
$114,143,714
$12,922,979,085
$4,189,851,400
$16,115,176,100
TMV Bldg
$46,986,490,520 $100,907,389,038
$37,792,000
$33,531,042,454
$508,541,319
$2,208,516,547
$2,972,428,200
$7,728,170,000
TMV Land
Apartment
10.23%
Residential
68.35%
Run Date: 03/21/16
Other
0.04%
$0
$20,906,400
$0
$0
$0
$0
$147,893,879,558
$54,102,300
$101,079,970,893
$622,685,033
$15,131,495,632
$7,162,279,600
$23,843,346,100
TMV Total
Commercial
16.12%
$20,906,400
TMV Mach
Industrial
4.84%
2016 Assessment
Page 34 of 51
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are
typically not available for the current assessment until mid-summer.
$36,717,100
$32,490,364,050
Other
Residential
$537,659,103
$3,096,925,800
Industrial
Farm
$7,313,956,600
TMV Land
Apartment
9.25%
Commercial
Property Type
Farm
0.47%
Residential
69.14%
Run Date: 12/03/15
2015 Assessment
Hennepin County Taxable Market Value
$153,073,944
Apartment
$1,718,281,224
Total
100.00%
0.04%
57.31%
0.30%
8.91%
8.01%
25.42%
Percentage
Apartment
8.91%
Industrial
8.01%
Farm
0.28%
Total
Other
Residential
Farm
Apartment
Industrial
Commercial
Property Type
Residential
56.65%
$1,845,222,265
$715,220
$1,045,314,085
$5,146,395
$182,060,192
$141,310,977
$470,675,396
Tax Capacity
Other
0.04%
100.00%
0.04%
56.65%
0.28%
9.87%
7.66%
25.51%
Percentage
Apartment
9.87%
Industrial
7.66%
Commercial
25.51%
Page 35 of 51
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values
are typically not available for the current assessment until mid-summer.
$691,070
$984,823,472
Other
Residential
$5,234,629
$137,716,495
Industrial
Farm
$436,741,614
Tax Capacity
Farm
0.30%
Commercial
Property Type
Residential
57.31%
Commercial
25.42%
Run Date: 03/21/16
Run Date: 12/03/15
Other
0.04%
2016 Assessment
2015 Assessment
Hennepin County Tax Capacity
Apartment
6.05%
County Total Net Taxes
$736,152,768
$265,855,722
$152,511,175
$6,796,029
$1,359,735,184
$1,184,485
$2,522,235,363
Farm
0.27%
Percent
29.19%
10.54%
6.05%
0.27%
53.91%
0.05%
100.00%
Industrial
10.54%
Commercial
29.19%
Property Type
Commercial
Industrial
Apartment
Farm
Residential
Other
Total
Residential
51.70%
Farm
0.23%
Industrial
9.57%
County Total Net Taxes
$853,558,582
$269,237,365
$228,850,708
$6,355,304
$1,454,602,377
$1,061,526
$2,813,665,862
Apartment
8.13%
Percent
30.34%
9.57%
8.13%
0.23%
51.70%
0.04%
100.00%
Commercial
30.34%
Page 36 of 51
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until midsummer.
Property Type
Commercial
Industrial
Apartment
Farm
Residential
Other
Total
Residential
53.91%
Other
0.04%
Run Date: 03/21/16
Run Date: 12/3/2015
Other
0.05%
2016 Net Taxes
2015 Net Taxes
Hennepin County Net Tax Dollars by Property Type
2007
19.47%
5.91%
74.10%
0.48%
0.04%
2007
31.34%
5.84%
62.43%
0.35%
0.04%
Property Type Grouping
Commercial & Industrial
Apartment
Residential
Farm
Other
Apartment
Residential
Farm
Other
2008
32.86%
5.80%
60.91%
0.39%
0.04%
2008
20.61%
5.93%
72.88%
0.54%
0.04%
2008
20.52%
5.90%
72.94%
0.60%
0.04%
2010
20.29%
6.17%
72.97%
0.52%
0.04%
2011
20.24%
6.39%
72.80%
0.53%
0.04%
2009
32.65%
5.98%
60.93%
0.39%
0.05%
2009
20.47%
6.13%
72.81%
0.55%
0.04%
2011
20.28%
6.40%
72.74%
0.53%
0.05%
2010
32.49%
6.04%
61.05%
0.37%
0.05%
2011
32.45%
6.27%
60.87%
0.37%
0.05%
Tax Capacity
2010
20.33%
6.18%
72.92%
0.53%
0.04%
Taxable Market Value
2009
20.43%
6.12%
72.86%
0.55%
0.04%
2012
34.69%
6.96%
57.92%
0.37%
0.05%
2012
21.99%
7.22%
70.19%
0.55%
0.05%
2012
21.02%
6.91%
71.50%
0.53%
0.04%
2013
34.69%
7.34%
57.55%
0.36%
0.05%
2013
22.00%
7.63%
69.78%
0.55%
0.04%
2013
21.03%
7.30%
71.10%
0.53%
0.04%
2014
33.03%
8.02%
58.56%
0.35%
0.04%
2014
20.78%
8.26%
70.39%
0.52%
0.04%
2014
20.01%
7.95%
71.49%
0.51%
0.04%
2015
32.95%
8.96%
57.73%
0.32%
0.04%
2015
20.76%
9.26%
69.46%
0.48%
0.04%
2015
20.06%
8.95%
70.47%
0.47%
0.04%
2016*
33.17%
9.87%
56.65%
0.28%
0.04%
2016*
20.96%
10.23%
68.35%
0.42%
0.04%
2016*
20.35%
9.93%
69.27%
0.41%
0.04%
Page 37 of 51
2016 Data as of: 03/21/16
Years represent assessment years with taxes payable in the following year.
*Data is run based on an early snap shot of each corresponding Assessment (typically May of each year).
*For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the
Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer.
2007
19.18%
5.82%
74.36%
0.60%
0.04%
Apartment
Residential
Farm
Other
Hennepin County 10 Year Assessment Data
Property Class as Percentage of Tax Base
Hennepin County EMV, TMV, TC Percentages
2016 Assessment
Run Date: 03/21/16
80%
EMV
70%
TMV
Percent of County Total Tax Capacity
TC
60%
50%
40%
30%
20%
10%
0%
Commercial
1
2
3
4
5
6
Property Type
Commercial
Industrial*
Apartment
Residential
Farm
Other
Total
Industrial*
Apartment
Residential
Farm
County
EMV
Other
%
EMV
%
TMV
%
TC
County
TMV
County
TC
15.65%
16.12%
25.51%
$23,843,346,100
$23,843,346,100
$470,675,396
4.70%
4.84%
7.66%
$7,162,279,600
$7,162,279,600
$141,310,977
9.93%
10.23%
9.87%
$15,136,324,500
$15,131,495,632
$182,060,192
69.27%
68.35%
56.65%
$105,570,074,500
$101,079,970,893
$1,045,314,085
0.41%
0.42%
0.28%
$628,698,600
$622,685,033
$5,146,395
0.04%
0.04%
0.04%
$54,102,300
$54,102,300
$715,220
100.00%
100.00%
100.00%
$152,394,825,600
$147,893,879,558
$1,845,222,265
*For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed
by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer.
Page 38 of 51
2.065%
Mpls. Diff. % (Excl. Value)
0.481%
$181,366,810
$37,551,697,890
-1.36%
$37,733,064,700
0.585%
$635,772,000
$108,102,421,467
0.02%
$108,738,193,467
0.558%
$817,138,810
$145,654,119,357
-0.34%
$146,471,258,167
2008
0.284%
$104,229,070
$36,584,364,830
-2.77%
$36,688,593,900
0.159%
$164,739,200
$103,761,664,700
-4.43%
$103,926,403,900
0.191%
$268,968,270
$140,346,029,530
-4.00%
$140,614,997,800
2009
0.275%
$94,975,620
$34,481,236,680
-5.76%
$34,576,212,300
0.171%
$164,970,900
$96,388,682,100
-7.09%
$96,553,653,000
0.198%
$259,946,520
$130,869,918,780
-6.75%
$131,129,865,300
2010
4.618%
$1,533,786,437
$31,681,399,863
-3.94%
$33,215,186,300
4.033%
$3,773,014,329
$89,786,843,171
-3.10%
$93,559,857,500
4.186%
$5,306,800,766
$121,468,243,034
-3.32%
$126,775,043,800
2011
4.815%
$1,548,665,959
$30,613,110,741
-3.17%
$32,161,776,700
4.391%
$3,951,707,026
$86,044,209,374
-3.81%
$89,995,916,400
4.503%
$5,500,372,985
$116,657,320,115
-3.64%
$122,157,693,100
2012
4.660%
$1,529,810,979
$31,295,246,021
-1.17%
$32,825,057,000
4.379%
$3,949,611,412
$86,250,668,288
-3.59%
$90,200,279,700
4.454%
$5,479,422,391
$117,545,914,309
-2.96%
$123,025,336,700
2013
3.881%
$1,395,183,647
$34,557,538,453
9.53%
$35,952,722,100
3.686%
$3,577,288,690
$93,463,731,110
7.58%
$97,041,019,800
3.739%
$4,972,472,337
$128,021,269,563
8.10%
$132,993,741,900
2014
3.368%
$1,343,239,173
$38,538,038,027
10.93%
$39,881,277,200
3.386%
$3,485,404,440
$99,438,378,060
6.06%
$102,923,782,500
3.381%
$4,828,643,613
$137,976,416,087
7.38%
$142,805,059,700
2015
Page 39 of 51
2016
2.780%
$1,210,737,084
$42,343,202,216
9.21%
$43,553,939,300
3.023%
$3,290,208,958
$105,550,677,342
5.75%
$108,840,886,300
2.953%
$4,500,946,042
$147,893,879,558
6.72%
$152,394,825,600
*Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current
assessment until mid-summer.
$789,762,995
$37,464,486,605
4.25%
Mpls. Diff. $ (Excl. Value)
Minneapolis TMV
Minneapolis EMV Growth
$38,254,249,600
1.306%
Sub. Diff. % (Excl. Value)
Minneapolis EMV
$1,420,377,500
$107,300,146,800
6.20%
Sub. Diff. $ (Excl. Value)
Suburban TMV
Suburban EMV Growth
$108,720,524,300
1.504%
Henn. Diff. % (Excl. Value)
Suburban EMV
$2,210,140,495
$144,764,633,405
5.69%
$146,974,773,900
Henn. Diff. $ (Excl. Value)
Hennepin TMV
Hennepin EMV Growth
Hennepin EMV
2007
2016 Assessment Run Date: 03/21/16
EMV, TMV & Excluded Value Growth
2007 - 2016 Assessment
Hennepin County Excluded Market Value
(i.e. LMV, HMVE, Veterans Exclusion, & TOH)
2007 - 2016 Assessment
2016 Assessment Run Date: 03/21/16
Hennepin County Assessed Values
Billions
Estimated
Market
Value
Taxable
Market
Value
$160
$140
Assessed Value (Dollars)
$120
$100
$80
$60
$40
$20
$0
Hennepin County Excluded Market Value
Billions
$6
Excluded Market Value (Dollars)
$5
$4
$3
$2
$1
$0
2007
2008
2009
2010
2011
2012
2013
2014
2016
$146,974,773,900 $146,471,258,167 $140,614,997,800 $131,129,865,300 $126,775,043,800 $122,157,693,100 $123,025,336,700 $132,993,741,900 $152,394,825,600
Hennepin EMV
Hennepin TMV
$144,764,633,405 $145,654,119,357 $140,346,029,530 $130,869,918,780 $121,468,243,034 $116,657,320,115 $117,545,914,309 $128,021,269,563 $147,893,879,558
Henn. Diff. $ (Excl. Value)
$2,210,140,495
$817,138,810
$268,968,270
$259,946,520
$5,306,800,766
$5,500,372,985
$5,479,422,391
$4,972,472,337
$4,500,946,042
Henn. Diff. % (Excl. Value)
1.504%
0.558%
0.191%
0.198%
4.186%
4.503%
4.454%
3.739%
2.953%
*For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values
are typically not available for the current assessment until mid-summer.
Page 40 of 51
Estimated Market Values By Property Type
2015 & 2016 Assessments
Billions
$150
2015 Assessment
2016 Assessment
$125
$100
$75
$50
$25
$0
Property Type
Property Type
Commercial
Industrial
Apartment
Residential
Farm
Other
Total
Run Date: 12/03/15
Run Date: 03/21/16
2015 Assessment
EMV County Total
$22,144,202,600
$6,983,121,300
$12,762,675,500
$100,209,022,000
$653,728,800
$52,309,500
$142,805,059,700
2016 Assessment
EMV County Total
$23,843,346,100
$7,162,279,600
$15,136,324,500
$105,570,074,500
$628,698,600
$54,102,300
$152,394,825,600
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Building
andMachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthe
currentassessmentuntilmid‐summer.
Page 41 of 51
Taxable Market Values
By Property Type
Billions
$160
2015 Assessment
$140
2016 Assessment
Taxable Market Value
$120
$100
$80
$60
$40
$20
$0
Property Type
Property Type
Commercial
Industrial
Apartment
Residential
Farm
Other
Total
Run Date: 12/03/15
Run Date: 03/21/16
2015 Assessment
TMV County Total
$22,144,202,600
$6,983,121,300
$12,757,598,410
$95,392,003,220
$647,181,057
$52,309,500
$137,976,416,087
2016 Assessment
TMV County Total
$23,843,346,100
$7,162,279,600
$15,131,495,632
$101,079,970,893
$622,685,033
$54,102,300
$147,893,879,558
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Building
andMachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthe
currentassessmentuntilmid‐summer.
Page 42 of 51
Tax Capacity By Property Type
Millions
$1,600
$1,400
2015 Assessment
$1,200
2016 Assessment
Tax Capacity
$1,000
$800
$600
$400
$200
$0
Property Type
Property Type
Commercial
Industrial
Apartment
Residential
Farm
Other
Total
Run Date: 12/03/15
Run Date: 03/21/16
2015 Assessment
TC County Total
$436,741,614
$137,716,495
$153,073,944
$984,823,472
$5,234,629
$691,070
$1,718,281,224
2016 Assessment
TC County Total
$470,675,396
$141,310,977
$182,060,192
$1,045,314,085
$5,146,395
$715,220
$1,845,222,265
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Buildingand
MachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthecurrent
assessmentuntilmid‐summer.
Page 43 of 51
Tax Capacity Distribution
2016 Assessment
Run Date: 03/21/16
Millions
$1,800
Commercial
Industrial
$1,600
Apartment
Residential
$1,400
Farm
Other
Tax Capacity
$1,200
Total
$1,000
$800
$600
$400
$200
$0
County
Suburban
Minneapolis
Groups
Tax Capacity
Property Type
Commercial
Industrial
Apartment
Residential
Farm
Other
Total
County
$470,675,396
$141,310,977
$182,060,192
$1,045,314,085
$5,146,395
$715,220
$1,845,222,265
Suburban
$302,682,869
$118,290,770
$96,182,709
$781,628,218
$5,129,608
$442,340
$1,304,356,514
Minneapolis
$167,992,527
$23,020,207
$85,877,483
$263,685,867
$16,787
$272,880
$540,865,751
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Buildingand
MachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthecurrent
assessmentuntilmid‐summer.
Page 44 of 51
Hennepin County Net Tax Percent by Property Type
2016 Net Taxes
Run Date: 12/03/15
100%
90%
80%
Commercial
70%
Industrial
Net Tax Percentage
Apartment
60%
Residential
Farm
50%
Other
Total
40%
69.84%
63.15%
99.67%
73.23%
51.10%
82.70%
64.83%
30.16%
36.85%
0.33%
17.30%
10%
35.17%
20%
26.77%
48.90%
30%
0%
Minneapolis
Property Type
Minneapolis
Commercial
Property Type by Area
Suburban
Suburban
Hennepin Totals
$300,205,637
35.17%
$553,352,945
64.83%
$853,558,582
Industrial
$46,581,071
17.30%
$222,656,294
82.70%
$269,237,365
Apartment
$111,903,197
48.90%
$116,947,511
51.10%
$228,850,708
Residential
$389,435,919
26.77%
$1,065,166,458
73.23%
$1,454,602,377
$6,355,304
Farm
$20,902
0.33%
$6,334,402
99.67%
Other
$391,178
36.85%
$670,347
63.15%
$1,061,526
Total
$848,537,904
30.16%
$1,965,127,958
69.84%
$2,813,665,862
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),BuildingandMachineryValuesareassessedbytheMinnesotaDepartmentofRevenueand
thesevaluesaretypicallynotavailableforthecurrentassessmentuntilmid‐summer.
Page 45 of 51
10
9
8
7
104
1,131
45
611
32
45˚ - 00'
93˚ - 15'
B
Printed on Recycled Paper
Unorganized territory
Land area in square miles
East/west width in miles
County seat
Water area in square miles
Lowest elevation above sea level
County established
h
1
563
28
Minneapolis
48
680
1852
C
D
E
H
Lane
le
The Landing
ap
P
99th Ave. N.
F
P
P
P
P
P
So
P
est
uthw
Gr
ove kwy.
P
LRT
Creek
H
P
Page 46 of 51
G
Oak
Oxbow
H
P
ay
tw
A
Number of lakes
Highest elevation above sea level
Number of cities
Total area in square miles
North/south length in miles
Latitude (at Minneapolis)
Longitude (at Minneapolis)
Facts about Hennepin County
H
rs
Ma
Little
an
Eastm
M
H
ve
Gro
P
G
nsi
6
Orchid Ave.
P
F
ra
uT
5
4
3
2
The county seat is located in Minneapolis, with the
Hennepin County Government Center located at
300 S. Sixth St. For more information about how to
obtain further copies of this map, please visit www.
hennepin.us/bikemap.
kwy.
y. N.
Pkw
Hennepin County is actively involved in providing
an integrated transportation network for the region,
whether it’s planning light rail lines or overseeing
the construction of roads and bridges, we care about
helping you get where you’re headed.
t
Upland
January 2013
Fran
JuneauLa.
Hennepin County, Minnesota
E
Road
r
kfo
1
D
Memorial
H
H
H
P
P
Anoka County
Patrol Station
Parkway
H
P
North
Mississippi
Regional
Park
Mpls Park and
Recreation Headquarters
C
P
P
H
H
N
H
I
I
LRT
149
S
2
inea
u Transitway
I6
D8
H8
F9
P
H
Terminal 2
Humphrey
H
Miles
Kilometers 1
Diffley Road
Terminal 1
Lindbergh
Huron
SEE INSET
AT RIGHT
Silverwood
Park
Park Entrance
Major Park and Ride
Emergency Hospital
ral
P
Cent
1
2
rrid
or
2
3
P
J
12
P
H
Hennepin
County
5
Minnesota
Co
3
City Hall/County Library/County Service Center
Wildlife & Recreation Area
10
est
thw
Sou
Bott
9
8
7
6
5
4
3
LRT
C
L
INTERCHANGE
STATION
P
H
U.S.
POST OFFICE
Downtown Minneapolis
Learn who serves your community:
www.hennepin.us.
Mike Opat, 1st District
Linda Higgins, 2nd District
Gail Dorfman, 3rd District
Peter McLaughlin, 4th District
Randy Johnson, 5th District
Jan Callison, 6th District
Jeff Johnson, 7th District
1,163,060
ar
thst
MALL OF
AMERICA
FIELD
Nor
Com
il
Ce
nt
r LRT
Trail
Pending
ral Co
rrido
GUTHRIE
THEATER
er Ra
mut
Pending Construction
Existing Off-road Bicycle Trail
Pictured right: Hennepin County Library – Minneapolis Central
The Hennepin County
Board of Commissioners
TARGET
FIELD
Total
371
4,916
387,873
50,046
544
6,450
9,084
20,486
7,438
2,430
71,263
35,376
14,014
420
11,314
5,193
2,287
45,505
7,312
1,686
1,477
3,720
437
Hennepin County
Service Centers
H8
F6
I7
F4
I6
H4
H
U OF M
RIVERSIDE
Pending Construction
Existing On-road Bicycle Trail
H
Trail Open
Fall 2013
Brookdale Service Center
6125 Shingle Creek Parkway, Brooklyn Center
Hennepin County Government Center
300 S. 6th St., Downtown Minneapolis
Maple Grove Service Center
9325 Upland Lane N, Maple Grove
Midtown Exchange Service Center
2929 Chicago Ave. S., South Minneapolis
Ridgedale Service Center
12601 Ridgedale Drive at Plymouth Road,
Minnetonka
Southdale Service Center
7009 York Ave. S., Edina
INT
ER
TCF TRA
BANK
STADIU
St. Anthony, 612-543-6075
2941 Pentagon Drive, Mpls
St. Bonifacius, 612-543-6100
8624 Kennedy Memorial Dr.
St. Louis Park, 612-543-6125
3240 Library Lane
Sumner, 612-543-6875
611 Van White Mem. Blvd., Mpls
Walker
Closed for construction
opens summer 2014
Washburn, 612-543-8375
5244 Lyndale Ave. S., Mpls
Wayzata, 612-543-6150
620 Rice St. (City Hall)
Webber Park, 612-543-6750
4310 Webber Pkwy., Mpls
Westonka, 612-543-6175
2079 Commerce Blvd., Mound
For general information call 612-348-8240.
S
I5
Oxboro, 612-543-5775
8801 Portland Ave. S.,
A8
Penn Lake, 612-543-5800
8800 Penn Ave. S., Bloomington
Pierre Bottineau, 612-543-6850 G7
55 Broadway St. NE, Mpls
H6
Plymouth, 612-543-5825
15700 36th Ave. N.
Ridgedale, 612-543-8800
H7
12601 Ridgedale Drive,
Minnetonka
Rockford Road, 612-543-5875
H8
640142nd Ave. N., Crystal
Rogers, 612-543-6050
E6
21300 John Milless Dr.
Roosevelt
I5
Closed for construction
opens summer 2013
C7
Southdale, 612-543-5900
7001 York Ave. S., Edina
Southeast, 612-543-6725
1222 4th St. SE, Mpls
2011 Population*
Medicine Lake
Medina
Minneapolis
Minnetonka
Minnetonka Beach
Minnetrista
Mound
New Hope
Orono
Osseo
Plymouth
Richfield
Robbinsdale
Rockford (part)
Rogers*
Saint Anthony (part)
Saint Bonifacius
Saint Louis Park
Shorewood
Spring Park
Tonka Bay
Wayzata
Woodland
Municipality
I6
H8
I7
D2
G5
F6
F5
I6
H9
I9
The Twins ballpark sales tax, approved in
2006, funds the Hennepin Youth Sports
Program and additional hours at 15 Hennepin
County Library locations. Up to $4 million
annually is dedicated between the programs.
benefits beyond
the sports field
Twins Ballpark
Sales Tax
F6
D5
H6
F7
D5
B7
C7
G5
D7
G3
F6
H8
H5
B4
D2
I5
A8
G7
D8
C7
D8
E6
E7
Index
Hosmer, 612-543-6900
347 E. 36th St., Mpls
Linden Hills, 612-543-6825
2900 W. 43rd St., Mpls
Long Lake, 612-543-6425
1865 Wayzata Blvd.
Maple Grove, 612-543-6450
8351 Elm Creek Blvd.
Maple Plain, 612-543-5700
5184 Main St. E.
Central, 612-543-8000
300 Nicollet Mall, Mpls
Minnetonka, 612-543-5725
17524 Excelsior Blvd.
Nokomis, 612-543-6800
5100 34th Ave. S., Mpls
North Regional, 612-543-8450
1315 Lowry Ave. N., Mpls
Northeast, 612-543-6775
2200 Central Ave. NE, Mpls
Osseo, 612-543-5750
415 Central Ave.
** unorganized territory
83,671
30,204
76,238
23,223
0
5,390
22,168
4,689
3,643
61,151
48,262
2,203
163
20,427
2,786
688
609
17,701
3,553
1,775
652
62,436
1,786
2011 Population*
Municipalities
Bloomington
Brooklyn Center
Brooklyn Park
Champlin
Chanhassen (part)
Corcoran
Crystal
Dayton
Deephaven
Eden Prairie
Edina
Excelsior
Fort Snelling**
Golden Valley
Greenfield
Greenwood
Hanover (part)
Hopkins
Independence
Long Lake
Loretto
Maple Grove
Maple Plain
*Metropolitan Council
H9
H4
G4
G2
E9
G2
G5
E2
E7
E9
G8
D8
I8
G6
B4
D7
C3
F7
B6
D6
C5
E3
C6
G3
I5
H5
I8
E8
I6
C6
F3
D6
H7
I7
Hennepin County Libraries
Augsburg Park, 612-543-6200
7100 Nicollet Ave., Richfield
Brookdale, 612-543-5600
6125 Shingle Creek Pkwy.,
Brooklyn Center
Brooklyn Park, 612-543-6225
8600 Zane Ave. N.
Champlin, 612-543-6250
12154 Ensign Ave. N.
East Lake, 612-543-8425
2727 E. Lake St., Mpls
Eden Prairie, 612-543-6275
565 Prairie Center Drive
Edina, 612-543-6325
5280 Grandview Square
Excelsior, 612-543-6350
343 Third St.
Franklin, 612-543-6925
1314 E. Franklin Ave., Mpls
Golden Valley, 612-543-6375
830 Winnetka Ave. N.
Hopkins, 612-543-6400
22 11th Ave. N.
Index Municipality
F7
L
G2
G3
I7
Regional or County Park
C
1
H4
H8
G6
4
J
Great River Road
HCRRA Corridor
Commuter Rail and Station
LRT Line and Station
Proposed LRT Line
Proposed Highway / County Road
Municipal Road
County Road
State or U.S. Highway
State or U.S. Expressway
Interstate Highway
S.E.
B
ea
Victory
ttin
Av
e.
Bo
th
A
15
d Pk
n
Huro .
Blvd
woo
ve
Mpls Park and
Recreation Board
Oak
Dri
e
ng
ha
rc
te
e In
Th
wy.
P
Hennepin County Fact Sheet
Hennepin County - Fast Facts
Media contacts
Carolyn Marinan, Public Affairs
612-348-5969
Website
www.hennepin.us
Fast facts
» Hennepin County has 1.2 million
residents – approximately
22 percent of the population
of Minnesota.
» Approximately 44 percent of the
county’s budget goes for health
and human services.
» Approximately 41.5 percent of
the county’s annual budget is
supported by property taxes.
» Hennepin is home to one-third of
the state’s jobs and approximately
42,000 businesses.
Hennepin County
Public Affairs
9/2013
Basic stats
• Hennepin is the 33rd largest county in the U.S. by population.
• Largest of Minnesota’s 87 counties in population, budget and estimated
property value.
• 611 square miles; more than 100 lakes; 45 cities, one unorganized territory
(Fort Snelling) and the Metropolitan Airport.
• 1.2 million residents – approximately 22 percent of the population of Minnesota
and 41 percent of the metropolitan population. Approximately one-third of
Hennepin residents live in Minneapolis, the county seat.
• Median family income: $61,387
• Median age: 38
• Ninety-two percent of residents 25 and older are high school graduates – one of
the highest graduation rates in the nation. Forty-three percent have a bachelor’s
degree or higher.
• Racially and ethnically diverse – approximately 40 percent of the state’s
non-white and foreign-born populations live in Hennepin.
• Home to one-third of the state’s jobs; 11 Fortune 500 companies; and
approximately 42,000 businesses, including many of Minnesota’s largest
employers – Allina Health System, Best Buy, Cargill, Carlson Companies, General
Mills, Mall of America, Medtronic, Super Valu, United Health Group, University
of Minnesota, US Bank and Target Corporation
• Median single-family home residential market value: $215,000
Governance
• Governed by a seven-member Board of Commissioners, elected by district for
staggered four-year terms. Each commissioner represents a district of more than
160,000 residents. The county attorney and sheriff also are elected; the county
administrator is appointed by the board.
• Approximately 7,400 full-time employees.
• $1.6-billion 2012 budget.
Health
• About 44 percent of the
Libraries
15.4 %
4.5 %
budget goes for health and
human services, including
Capital
General
Improvements
uncompensated care at
Government
7.6 %
20.2
%
Hennepin County Medical
Center and services for
Public Safety
vulnerable populations,
Public Works
16.2 %
7.7
%
including veterans, seniors
and people who are disabled.
Hennepin is the state’s largest
Human Services
provider of care to indigent
28.4 %
and vulnerable populations.
Expenditures
continues on back
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Hennepin County - Fast Facts
Media images
For high-resolution versions of these
or other county images please call
612-348-3848.
• Approximately 41.5 percent of
the county’s annual budget is
supported by property taxes.
The rest comes from federal and
state dollars, fees for services and
licenses, and other sources.
Highlights
State
11.4 %
10.3 %
Fees & Services
7.3 %
Federal & State
Patient Care
12.0 %
Other
17.5 %
HCMC Emergency Medical Services
Hennepin County Library Minneapolis Central
Federal
Property Tax
41.5 %
• Hennepin is considered one of the
nation’s best-managed counties,
with a triple-A credit rating
Revenue
from all three rating agencies.
The county has maintained this rating for more than 30 years, reflecting strong
financial and operational stability. The top rating also keeps the cost of financing
capital projects as low as possible – a substantial savings to taxpayers.
• Hennepin County Medical Center, one of the nation’s premier public teaching
and research hospitals and a Level One Adult and Pediatric Trauma Center, is
repeatedly ranked as one of America’s best hospitals by U.S. News and World
Report. HCMC exceeded 490,000 inpatient and outpatient visits in 2010
and has the most active emergency department in Minnesota, with 96,000
emergency cases and 58,000 ambulance runs a year. Approximately one-third of
medical residents and students in Minnesota received all or part of their medical
education and training at HCMC last year. HCMC operates as a subsidiary under
the auspices of the County Board, with operational governance by Hennepin
Healthcare System Inc., a public corporation.
• Hennepin County Library is recognized as one of the top libraries in the United
States. The 41-library system offers more than 5 million books, CDs, DVDs,
electronic resources and other items in more than 40 languages, and has 1,695
computers available to the public. In 2011 there were an estimated 5.8 million
in-person visits and almost 21.4 million visits to the library website.
• Hennepin responds to more than 15,000 child abuse calls a year; collects more
than $112 million a year for child support for more than 73,000 children; and
provides social services to nearly one in four county residents.
• Hennepin is a nationally recognized leader in environmental protection,
including a robust Green Government program that includes waste reduction,
recycling, environmentally preferable purchasing, green building design and
energy conservation. As a founding member of Cool Counties, Hennepin has
committed to an 80-percent reduction of greenhouse gas emissions from county
operations by 2050.
• Hennepin has one of the highest recycling rates in the nation. Approximately
41 percent of county residential and commercial waste is recycled or composted,
and about one-third is processed in the county’s waste-to-energy facility, which
processes 365,000 tons of waste a year.
• The Sheriff’s Office serves all cities in the county, providing 24-hour emergency
dispatch for 19 area fire departments and 23 law enforcement agencies in
36 communities. Last year dispatch processed more than 594,919 phone calls,
including 228,355 emergency calls to 911.
• Hennepin operates the largest local corrections system in the state –
approximately 36,700 adult and juvenile offenders under supervision (on
probation or in correctional facilities).
• Hennepin maintains more than 2,100 lane miles of roadways and 145 bridges.
• Hennepin Taxpayer Services manages six service centers (licenses, birth
certificates, passports, etc.), which conducted more than 1 million transactions
last year; and oversees elections for approximately 700,000 registered voters.
• Hennepin County Public Records manages a library of more than 14 million
documents and 184,000 certificates of title, with approximately 240,000
documents recorded last year.
Page 48 of 51
Last modified: 06‐08‐2016 Glossary of Assessment Terms
Certificate of Real Estate Value (CRV):
Buyers of real property must file a Certificate of Real Estate Value (CRV) with the County in the county
where the property is located if the sale price or other consideration is more than $1,000 and the deed is
one of the following: Warranty deed, Contract for deed, Quit Claim deed, Trustee deed, Executor deed,
Probate deed. If the price is $1,000 or less, you do not have to file a Certificate of Real Estate Value.
As of December 1st 2011 CRVs began being filed electronically through the Minnesota Department of
Revenue’s web portal (commonly referred to as “eCRVs”).
Estimated Market Value (EMV):
This value is what the assessor estimates your property would likely sell for on the open, competitive
market. State law requires assessors to value property at 100 percent of market value. Minnesota Statute
272.03 defines “market value” as “the usual selling price…at the time of assessment.” It is “the price
that could be obtained at a private sale or an auction sale, if the assessor determines that the price from
an auction sale represents an arm’s length transaction. The price obtained at a forced sale shall not be
considered.”
Hennepin County:
This term, as used in this report, refers to all real estate in all jurisdictions within Hennepin County
including the city of Minneapolis. It may also be referenced just as “Hennepin”. (See also: Suburban
Hennepin County.)
Homestead Market Value Exclusion (HMVE):
The Homestead Market Value Exclusion (HMVE) is a legislated program (2011 omnibus tax act) which
applies to homesteaded properties under $413,800 of market value.
Legislative action during the 2011 Special Session replaced the Homestead Market Value Credit
(HMVC) with the new HMVE. The HMVC was applied as a credit after the taxes had been calculated.
The HMVE excludes a portion of a parcel’s Estimated Market Value. The calculation closely follows
that of the old credit (take any credit times 100 and you have an exclusion). Like with the credit, a 50%
homestead means a half exclusion. It does not apply to properties qualifying for Vet Exclusion.
Agricultural Homestead Market Value Credit is still in place on agricultural land. The exclusion is a
maximum of $30,400 at $76,000 of market value. The exclusion phases out for properties valued at
$413,800 or more.
Limited Market Value (LMV):
This was a value based on a statute (M.S. 273.11, Subd. 1a) that sunset with the 2009 Assessment for
taxes payable in 2010. Essentially, this law placed a limit on how much the taxable value of certain
properties could increase in one year. Value added for new improvements was not covered by this
statue and it only applied to agricultural, residential, timberland, or noncommercial seasonal recreational
residential (cabins) property.
Market Conditions Adjusted Prices (MCAP) Ratios:
MCAP ratios are a measure by which sale prices are adjusted for differences in the market conditions at
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Last modified: 06‐08‐2016 the time of the sale and the market conditions of at the time of the assessment date. Since this measure
is essentially comparing the value of a sale property at two unique points in time, it is often called a
“time adjustment”, however, many factors, not just time, may influence the real estate market. Some of
these factors could be changes in interest rates, supply and demand, employment rates, or the availability
of financing.
Machinery Value:
This is the market value of personal property that is: (i) tools, implements, and machinery of an electric
generation, transmission, or distribution system; (ii) tools, implements, and machinery of a pipeline
system transporting or distributing water, gas, crude oil, or petroleum products; or (iii) the mains and
pipes used in the distribution of steam or hot or chilled water for heating or cooling buildings (M.S.
273.13 Subdivision 34).
Property Classification:
The statutory classification that has been assigned to your property based upon your use of the property.
A change in classification of your property can have a significant impact on the real estate tax payable.
(M.S. 273.13 – classification of property)
Ratio Studies / Sales Ratio Analysis:
This term refers to the process the assessor uses to measure market conditions by comparing the
assessor’s estimated market value with the sales prices. The Minnesota Department of Revenue also
uses the sales ratio analysis to measure assessor’s performance. Department of Revenue annually
supplies the County with a summary of criteria to be used for their next ratio study. Copies of said
criteria can be found on the Department of Revenue’s website.
State Assessed Property:
Property which the assessed value is set by the Minnesota Department of Revenue. This is primarily
Utility Properties and Railroads Properties. (See also: Utility Properties)
Suburban Hennepin County:
This term, as used in this report, refers to all jurisdictions within Hennepin County except for the city of
Minneapolis. It may be referenced as “Suburban Hennepin” or just as “Suburban”. (See also: Hennepin
County)
Tax Capacity (TC):
Tax Capacity is determined by multiplying the taxable market value of each property by the statutory
class rates for the specific use(s) on the property. There are corresponding class rates for the different
property classifications.
Tax Capacity Rate:
The rate is used to collect the amount of dollars required to operate city/county governments and
schools. The tax rate is usually expressed as a percentage of tax capacity, used to determine the property
tax due on a property.
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Last modified: 06‐08‐2016 Taxable Market Value (TMV):
This is the value that your property taxes are actually based on, after all reductions, limitations,
exemptions and deferrals. Your 2012 value, along with the class rate and the budgets of your local
government, will determine how much you will pay in taxes in 2013.
This Old House Exclusion (TOH):
This is a value exclusion for certain improvements. This is the amount of the new improvement value
excluded from taxation on homestead property 45 years of age or older (M.S. 273.11, Subd. 16).
Improvements that increase the estimated market value by $5,000 or more may have some of the value
excluded from taxation.
Only improvements made before January 2, 2003, and assessed for the 2003 assessment will qualify for
this exclusion. Value that has been deferred for 10 years began phasing in with the 2004 assessment.
Please contact your assessor's office for more information.
Utility Properties (Utilities):
Utility property means property appraised and classified for tax purposes by order of the commissioner
of revenue under sections M.S. 273.33 to 273.3711. Utility parcels buildings and Machinery Values are
determined by the Minnesota Department of Revenue and typically are not available until mid-summer
of the current assessment year.
Value of New Improvements:
This is the assessor’s estimate of the value of new or previously un-assessed improvements you have
made to your property
Veteran’s Market Value Exclusion:
The Veteran’s Market Value Exclusion (officially known as the “Market Value Exclusion on
Homesteads of Disabled Veterans” program) was enacted in 2008. It provides a market value exclusion
for property tax purposes for the homestead property of an honorably discharged veteran who has a
service-connected disability rating of 70 percent or higher, as determined by the United States
Department of Veterans Affairs. (M.S. 273.13 Subdivision 34)
Property Type Index for the reader to reference:
A = Apartment
C = Commercial
F = Agriculture
I = Industrial
R= Single Family Residential
RL = Single Family Residential with Water Influence
X = Condominiums
Y = Townhomes
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2016 assessment report

Transcription

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