2016 assessment report
Transcription
2016 assessment report
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 HENNEPIN COUNTY CUMULATIVE GROWTH - 03/22/2016 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) 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 HENNEPIN COUNTY CUMULATIVE GROWTH - 03/22/2016 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) 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 HENNEPIN COUNTY CUMULATIVE GROWTH - 03/22/2016 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) 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 HENNEPIN COUNTY CUMULATIVE GROWTH - 03/22/2016 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) 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 CUMULATIVE GROWTH - 03/22/2016 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) 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 BUILDINGS MACHINERY* MARKET VAL ESTIMATED LAND MUNIC (MUNIC NUMBER) Report No. PI318201-5 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 Estimated Market Values - Munic Totals - 2016 Assessment 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 Report No. PI318201-5 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 BUILDINGS MACHINERY* MARKET VAL 341,784,800 ESTIMATED LAND TONKA BAY (97) TOTAL: MUNIC (MUNIC NUMBER) Estimated Market Values - Munic Totals - 2016 Assessment 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: 2016 Property Type Table - Munic Tax Capacities 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: Report No. PI318201-PDS1 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: 2016 Property Type Table - Munic Tax Capacities 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: Report No. PI318201-PDS1 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: 2016 Property Type Table - Munic Tax Capacities 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: Report No. PI318201-PDS1 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: 2016 Property Type Table - Munic Tax Capacities 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: Report No. PI318201-PDS1 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: Report No. PI318201-PDS1 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 Property Type Table - Munic Tax Capacities 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 Hennepin Co (Non-MPLS) Total Hennepin County (Real Estate) Total Hmstd Market Value Exclusion Total Veteran's Exclusion LESS Hmstd Market Value Exclusion City of MPLS Hennepin Co (Non-MPLS) Total Qualifying Improvements LESS Veteran's Exclusion City of MPLS Hennepin Co (Non-MPLS) Estimated Market Value (Personal Prop) Estimated Market Value (Real Estate) City of MPLS (Minneapolis) Hennepin Co (Non-MPLS) Total Hennepin Co (Real Estate) Total Estimated Market Value LESS "This Old House" Qualifying Imps City of MPLS Hennepin Co (Non-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 Property Type Grouping Commercial & Industrial 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% Property Type Grouping Commercial & Industrial Apartment Residential Farm Other Estimated Market Value 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 Estimated Market Value $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 2015 & 2016 Assessments 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 2015 & 2016 Assessments 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 Page 47 of 51 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 Page 49 of 51 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. Page 50 of 51 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 Page 51 of 51