2015 Assessment Report
Hennepin County
Assessor’s Department
James R. Atchison, CAE, SAMA
County Assessor
Last Modified: 09-25-2015
Page 2 of 55
2015 TABLE OF CONTENTS
Last modified (05-07-15)
Table of Contents (2 pages)……………………………………………………………………………….3
Introduction to the Hennepin County Assessor’s Office’s 2015 Annual Report (3 pages)……………....5
Overview of the 2015 Assessment (2 pages)..............................................................................................8
Hennepin County Cumulative Growth by Munic and Property Type (6 pages)……………...................10
Hennepin County – Percent Change Growth by Property Type Chart…………………………..…….16
Suburban Hennepin – Percent Change Growth by Property Type Chart…………...………………….17
Suburban Hennepin Sales Ratio Histogram Chart……..………………….…………………………...18
Suburban Hennepin Mean and Median Sales Ratios…………….………….………………………...19
Hennepin County Single Family Residential Median Estimated Market Values Chart by Munic.......... 20
Hennepin County Single Family Residential Median Estimated Market Values Line Graph..................21
Hennepin County Mean and Median Single Family Residential Sales Price…………………………...22
Hennepin County CRV (Certificate of Real Estate Value) Counts by Calendar Year……………….....23
Hennepin County Munic Totals And Parcel Counts (3 pages)…………………………………….........24
Hennepin County Two-Year Munic Tax Capacities by Property Type Groupings (6 pages)…….….....27
Hennepin County Valuation Comparison (DK99SS93) ………..............................................................33
Hennepin County Assessment Valuation Info – Value Exclusions (DK99SS93-A2)…………………..34
Hennepin County New Construction Report by Munic..…………………………………………...…35
Hennepin County Estimated Market Value Pie Chart…………….………………..............................…36
Hennepin County Taxable Market Value Pie Chart ………………….…………………………......…37
Hennepin County Tax Capacity Pie Chart ……...………..............…………………………….......…38
Hennepin County Net Tax Dollars by Property Type Pie Chart.....………….……………………….....39
Page 3 of 55
Hennepin County Ten-Year History of Property Class as a Percentage of Tax Base…………………...40
Hennepin County EMV, TMV and Tax Capacity Percentages Graph…………………………..............41
Hennepin County Ten-Year History of Excluded Value………………..................................................42
Hennepin County Ten-Year History of Excluded Value Charts….……..................................................43
Hennepin County Two Year Comparison of Estimated Market Values by Property Type Graph...........44
Hennepin County Two Year Comparison of Taxable Market Values by Property Type Graph..............45
Hennepin County Two Year Comparison of Tax Capacity by Property Type Graph……......................46
Hennepin County Tax Capacity Distribution Graph…………………………………………………….47
Hennepin County Net Tax Percent by Property Type Graph.................………………………….……..48
Hennepin County Map…………………………………………………………………………………..49
Hennepin County Overview - ‘Fast Facts’ (2 Pages)…………………………………….……………...50
Glossary of Assessment Terms (4 Pages)……………………………………………….………………52
Page 4 of 55
The mission of the Hennepin County Assessor’s Office is
“to value and classify property, uniformly, and accurately.”
This report is a statistical and graphical representation of market value changes over the past year,
culminating in equalized values and appropriate classifications throughout Hennepin County. It is an
attempt to mirror, without bias or judgment, the nuances, trends and patterns found in the real estate
market.
In order to comply with statute and fulfill our mission, the Assessor’s Office provides value and
service to Hennepin County, cities within the county, and all taxpayers, regardless of where they live, by:
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Administering laws governing assessment practices and policy as passed by the legislature and
interpreted by the Minnesota Department of Revenue (DOR);
Conducting on site field reviews of all properties within a five year schedule;
Listening to taxpayers’ concerns in conjunction with an appeal process that is fair and
accessible;
Analyzing market forces, including a detailed verification and statistical evaluation of all real
estate sales using interviews, inspections, regression analysis and stratification;
Maintaining and informing taxpayers of beneficial property tax programs such as homestead,
green acres, rural preserve, veteran’s exclusion, open space and plat law;
Reporting values and classifications, which provide the basis and starting point for the property
tax system.
The underlying foundation of the assessor’s report is real estate sales and the associated sales ratios
indicated by the relationship between sales and assessed values. Any measurement tool, including the
assessment cycle, relies on a known reference point, a distance traveled, and a direction. These parameters
are outlined in Minnesota statutes and provide consistency, uniformity and comparative capability on
micro and macro scales such as neighborhood, county and state.
The most current measurement was done over a one-year time period from October 1, 2013, to
September 30, 2014, whereby all qualifying sales transactions occurring within this period are compared
to the reference point of the assessment date and corresponding value on January 2nd, 2014. The
differences between the sale price and the assessed value expressed as a ratio (assessed value / sale price
= ratio) provide the data and impetus the assessor requires to closely emulate the sales and modify similar
properties on a mass appraisal scale, in this case, to establish values for the 2015 assessment. While the
assessment standard is that this modification produces new aggregate ratios by property type (examples:
residential, commercial, agricultural) in the range of 90-105%, Hennepin County has always sought to
exceed the standard and continue to refine the ratios beyond the jurisdictional level down to the
neighborhood level with a specific ratio target. We feel this policy, employed across Hennepin County,
ensures an equitable distribution of the property tax burden for all taxpayers.
Assessors are historians, measuring the market based on sales which have occurred prior to the
assessment date. Assessors do not create market value or predict what the market will do; rather, the
assessor’s job is to follow the patterns set by the real estate market. The market value of a property is a
combination of a myriad of factors. Economic conditions, demographics, zoning, physical characteristics,
government and policy, infrastructure, and supply and demand all interact in a complex, intricate way to
Page 5 of 55
produce a market value that is always changing. Since the economic downturn a few years ago, there has
been some public pressure for the assessed values to be “more current”. Changes to Minnesota’s sales
ratio methodology that were implemented for the 2012 assessment, are addressing this issue by applying
“market conditions adjustments” to sales ratios.
MARKET CONDITIONS ADJUSTMENTS (MCAP)
As stated in M.S. 272.03, Subd. 8, “‘Market value’ means the usual selling price at the place where the
property to which the term is applied shall be at the time of assessment … and,
As stated in M.S. 273.01, “All real property subject to taxation shall be listed … with reference to their
value on January 2…”
M.S. 278.05, Subd. 4, states that “The sales ratio studies published by the Department of Revenue
…shall be admissible in evidence as a public record without the laying of a foundation if the sales prices
used in the study are adjusted for the terms of the sale to reflect market value and are adjusted to reflect
the difference in the date of sale compared to the assessment date.”
Simply put, the assessor is to value all property on January 2nd at the value it would sell for considering
all market conditions. Assessor’s value all properties using mass appraisal techniques, and one of the
primary tools of mass appraisal are the numerous statistics derived from sales ratio studies. Sales ratio
studies can be of any duration of time, but the 12-month Minnesota State Board ratio study is considered
the primary study in setting and analyzing the annual assessment.
The Market Conditions Adjusted Prices (MCAP) ratios are a measure by which sale prices are adjusted
for differences in the market conditions at the time of the sale and the market conditions 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 referred to as a “time adjustment”, even though other factors may be
influencing the market, such as changes in interest rates, supply and demand, employment rates, or the
availability of financing.
WHY MCAP?
For the 2012 assessment, the DOR instituted the market conditions adjusted sales ratio
methodology (MCAP ratios) for calculating State Board sales ratios for a number of reasons:
 M.S. 278.05, (4), states that sales must be adjusted to reflect the difference in the date of
sale compared to the assessment date;
 Tax Court ratios are adjusted for market conditions;
 21-month state aid ratios already are adjusted for market conditions;
 Generally accepted appraisal principals indicate that, in the sales comparison approach,
one of the first adjustments considered is for market conditions;
 International Association of Assessing Officers (IAAO) standards identify that time
adjustments are necessary for accurate ratio studies;
 The DOR, by statute, must follow IAAO guidelines.
SO WHAT REALLY HAS CHANGED?
Page 6 of 55
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Assessments will be current with no lag in market trends;
All sales have equal weight in median ratio calculations;
Sales ratios for all purposes will be in closer alignment – State Board, Tax Court, and 21month Schools Aids;
Consistent with IAAO standards;
Consistent with appraisal principles and best practices;
Higher quality assessments;
More equalized assessments.
As the reader will observe in a number of the sub-reports found within this annual report, many
of the ratio specific statistics have now been modified to show the market conditions adjusted
prices. Prior to this change, assessments were measured against the ‘direct sale prices’ or, in
other words, sale prices that have not had a MCAP trend applied. The Department of Revenue
has more information on their website detailing how the MCAP adjustments are calculated and
applied.
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. Assessors must value all the land, and the DOR values
structures and machinery. The DOR has a statutory requirement to report state-assessed values to
county assessors by August 1 each year.
Beginning with the 2014 assessment, state-assessed values from the prior assessment year will no longer
be included in the assessor’s annual report. Formerly, assessors would carry state-assessed values
forward with each new assessment, and then update the values from the DOR’s mid-year report. Utility
and rail companies asked that assessors end that practice, as the yearly Notices of Valuation and
Classification sent by assessors in the spring contained the wrong year’s values. It is important to keep
this change in practice in mind as you review this year’s assessment report. The omission of value was
intentional. These values will be updated prior to the final reporting of the year’s assessment.
CONCLUSION
The Assessor’s Office is pleased to present this report. We hope that it will be useful for county and city
officials as well as for those with a general interest in property tax and assessed market valuations. The
data has been sorted by totals for the City of Minneapolis and suburban Hennepin County, and by each
local jurisdiction. For comparison purposes within and between jurisdictions, a ten-year history has been
provided on some of the totals.
This report, along with previous years’ iterations of this report, can also be found electronically
on the web at (under the heading County Assessor Report):
http://www.Hennepin.us/PropertyTaxAssessment
Page 7 of 55
Overview of the 2015 Assessment
The real estate market peaked in Hennepin County for assessment year 2007 and since that time real
estate values had been experiencing declining market valuations until the 2013 assessment. The 2013
assessment saw this downward trend slow considerably, while some types of property actually
experienced modest increases in valuations. The 2015 assessment now marks the second year that the
overall trend indicates meaningful increasing market valuations since that peak.
Overall, estimated market values grew 6.8% in Hennepin County, from $133 billion for the 2014
assessment to $142 billion for 2015 assessment. This $9 billion dollar increase in market values
includes $2.3 billion in new construction. This new construction is across all of Hennepin County and
encompasses all property types, with the most notable being the apartment sector of Minneapolis with
approximately $568 million.
RESIDENTIAL – Single Family Detached
For the half dozen assessments that preceded the 2013 assessment, the residential markets had seen
considerable decline in valuations. Although the growth of single-family residential properties’
valuations in Hennepin County increased by bigger margins from the 2013 to the 2014 Assessment, the
2015 assessment marks the second year in a row that market values for these detached single-family
properties have increased in Hennepin County. For the 2015 assessment, this sub-set of properties
increased by 4.9%. The City of Minneapolis saw a slightly higher increase of 5.4%, while detached
single-family homes in suburban Hennepin increased 4.8%.
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 made some limited
and targeted value reductions in areas that where sales activity continues to be a significant portion of
that market. We will continue to monitor these issues throughout 2015 as we prepare for the 2016
assessment.
CONDOMINIUM
Individual unit value changes will vary by complex and unit type with an average increase across the
county of 8.4%.
TOWNHOUSES
The estimated market value on townhouse properties increased 5.7% county-wide. The City of
Minneapolis townhouse market, which makes up less than 5% of the total townhome population of
Hennepin County, saw a double-digit increase of 11.2%, while townhouses in suburban Hennepin
experienced an increase of 5.4%.
Page 8 of 55
APARTMENTS
For the 2015 assessment, the overall apartment market in the county is up an astonishing 20.2% from the
2014 assessment. The value of apartments in suburban Hennepin County increased 13.4%, the fifth
consecutive year-over-year increase. The value increases continue to primarily be attributed to
investment-grade apartments (good quality, good location). Smaller and/or older style apartments
continue to see more modest increases in value. In the City of Minneapolis, apartments saw an even
more striking overall increase of 28.6%, which, in large part, was driven by another $568 million of new
improvements. In the last two assessments, the City of Minneapolis’s apartment market has had over a
billion dollars of new construction value added.
COMMERCIAL AND INDUSTRIAL (*see note about Utility and Railroad Properties)
County-wide, commercial and industrial properties improved, with an 8.2% increase. Commercial
property values increased 10.2%, while industrial property values increased only 1.9%. Investmentgrade properties are continuing to see the strongest improvement.
In breaking down the suburban Hennepin market, commercial values were up 8.4%, while industrial
values increased 5.5%. Suburban Hennepin combined commercial and industrial property values
increased 7.6%. Overall, the Minneapolis combined commercial and industrial market increased 9.7%.
Here is a 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
Page 9 of 55
HENNEPIN COUNTY CUMULATIVE GROWTH - 03/20/2015
PERCENT OF CHANGE FROM PREVIOUS YEAR
(Original Assessment as Approved)
5 YEAR 10 YEAR
TOTAL
TOTAL
PT***
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
BLOOMINGTON
A
C
F
I
R
X
Y
2.8
7.4
16.2
7.4
5.9
2.6
5.1
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
20.5%
15.1%
-89.8%
-4.5%
1.0%
-1.8%
-2.5%
20.4%
29.6%
-95.2%
6.6%
-6.5%
-20.2%
-13.4%
BROOKLYN
CENTER
A
C
I
R
X
Y
0.2
3.5
13.4
6.6
0.7
2.9
-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
11.1%
-3.7%
-4.8%
2.3%
-3.3%
-11.5%
1.1%
4.3%
12.4%
-20.5%
-46.4%
-38.1%
BROOKLYN
PARK
A
C
F
I
R
X
Y
1.2
9.7
58.3
8.7
6.6
6.0
5.4
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
19.3%
-8.7%
-15.7%
-4.0%
4.3%
-10.6%
-0.9%
24.2%
5.7%
-2.2%
10.3%
-13.4%
-39.9%
-20.2%
CHAMPLIN
A
C
F
I
R
X
Y
0.1
4.1
7.8
3.0
6.4
4.2
6.8
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
27.1%
-8.5%
-13.8%
-5.7%
-4.0%
-8.8%
-5.6%
16.9%
4.3%
29.7%
27.6%
-13.2%
-25.6%
-17.6%
CHANHASSEN
C
I
22.3
14.5
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
-10.8%
-1.3%
-13.5%
4.0%
CORCORAN
C
F
I
R
8.0
26.4
8.5
9.6
9.6
13.8
6.1
6.3
6.3
4.6
5.1
0.2
-0.2
-4.5
0.1
-7.6
-10.9
-10.3
-14.0
-7.7
-6.9
-0.9
-9.9
-3.6
-4.9
0.8
-4.4
-9.1
-0.5
10.2
0.2
-7.8
0.1
14.0
0.0
16.8
-1.4
-1.2
0.7
2.9
-13.1%
24.0%
-13.1%
-2.9%
-2.8%
59.8%
-9.5%
-3.3%
CRYSTAL
A
C
I
R
X
Y
0.5
13.2
10.0
5.3
6.0
2.9
-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
15.9%
-5.7%
-6.6%
-2.0%
-28.1%
0.6%
6.1%
3.6%
5.0%
-17.2%
-46.6%
-22.0%
DAYTON
A
C
F
I
R
2.0
11.3
21.6
22.4
6.9
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
6.5%
-0.3%
7.4%
-6.3%
-12.1%
5.2%
10.4%
64.8%
13.6%
-12.5%
DEEPHAVEN
C
R
Y
15.9
10.5
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
-9.7%
9.2%
6.0%
10.6%
11.3%
-2.0%
1 of 6
Page 10 of 55
HENNEPIN COUNTY CUMULATIVE GROWTH - 03/20/2015
PERCENT OF CHANGE FROM PREVIOUS YEAR
(Original Assessment as Approved)
5 YEAR 10 YEAR
TOTAL
TOTAL
38.9%
53.4%
1.6%
15.9%
9.2%
30.6%
-3.6%
10.8%
1.5%
-2.0%
-1.7%
-16.3%
2.5%
-10.3%
PT***
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
EDEN
PRAIRIE
A
C
F
I
R
X
Y
17.2
11.2
6.7
14.5
6.0
3.4
4.7
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
EDINA
A
C
I
R
X
Y
6.2
8.2
13.2
10.9
3.4
4.1
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
19.9%
20.1%
1.8%
3.7%
-2.2%
-4.5%
29.0%
37.4%
23.9%
7.3%
-21.9%
-11.4%
EXCELSIOR
A
C
I
R
X
Y
-0.7
46.9
113.2
11.5
0.0
1.7
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
11.8%
19.5%
6.1%
22.0%
9.6%
6.7%
-0.6%
62.1%
111.3%
27.1%
5.6%
-3.5%
GOLDEN
VALLEY
A
C
I
R
X
Y
0.3
6.5
6.6
7.6
0.2
3.9
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
25.6%
10.6%
0.1%
0.4%
2.0%
-7.5%
19.5%
8.4%
3.5%
-2.3%
-19.8%
-14.2%
GREENFIELD
C
F
I
R
Y
24.3
30.5
17.5
7.8
3.4
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
-10.8%
8.4%
11.5%
-9.0%
14.6%
27.0%
46.3%
16.0%
-11.8%
-26.9%
GREENWOOD
A
C
R
X
0.0
24.1
14.1
6.8
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
2.1%
-4.3%
-0.9%
35.7%
-20.6%
14.7%
9.6%
41.9%
HANOVER
C
F
R
Y
0.0
6.2
91.1
9.7
3.0
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
2.1%
-37.3%
-37.1%
-0.1%
-4.9%
40.7%
-49.5%
5.8%
-14.7%
-32.0%
HOPKINS
A
C
I
R
X
Y
-0.4
11.0
7.1
6.2
1.9
2.4
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
18.1%
8.4%
4.2%
-1.4%
-13.1%
2.0%
16.2%
21.5%
17.2%
-4.7%
-32.0%
-17.8%
INDEPENDENCE
C
F
I
R
6.5
11.4
12.7
10.1
7.4
13.8
6.6
4.3
8.9
1.9
17.0
-4.0
2.0
-3.6
-2.4
-8.7
-10.8
-8.4
-16.5
-8.5
-1.4
-1.9
0.0
-7.1
-2.6
1.3
0.0
-2.6
0.0
12.6
-1.3
-3.3
0.0
3.3
-0.6
4.8
-6.4
-1.0
-5.6
0.5
-10.1%
14.4%
-7.4%
-7.8%
1.9%
30.5%
6.1%
-15.1%
I
2 of 6
Page 11 of 55
HENNEPIN COUNTY CUMULATIVE GROWTH - 03/20/2015
PERCENT OF CHANGE FROM PREVIOUS YEAR
(Original Assessment as Approved)
5 YEAR 10 YEAR
TOTAL
TOTAL
9.7%
2.0%
-25.5%
-22.4%
-22.8%
-14.3%
-6.9%
-3.4%
-4.7%
-25.4%
-8.4%
-12.7%
PT***
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
LONG
LAKE
A
C
I
R
X
Y
1.2
11.2
14.3
8.3
0.0
0.0
-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
LORETTO
A
C
F
I
R
Y
3.9
14.7
6.2
8.4
7.6
11.5
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
1.5%
-1.2%
-10.5%
0.0%
6.4%
-0.6%
-6.0%
2.6%
-20.7%
-7.0%
-11.7%
-22.2%
MAPLE
GROVE
A
C
F
I
R
X
Y
3.6
11.5
45.3
15.8
5.9
3.5
3.1
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
30.6%
-7.9%
-26.6%
-15.1%
0.6%
1.4%
-4.0%
31.6%
1.9%
-11.7%
5.2%
-4.5%
-12.7%
-15.7%
MAPLE
PLAIN
A
C
I
R
X
0.0
14.5
19.6
6.6
5.0
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
4.3%
-16.1%
-15.0%
-0.9%
-6.1%
0.5%
-3.8%
6.8%
-9.9%
-11.3%
MEDICINE
LAKE
A
C
R
17.2
-18.3
13.0
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
-12.4%
-0.7%
-9.1%
-5.4%
-34.5%
-4.2%
MEDINA
A
C
F
I
R
X
Y
8.3
19.6
13.9
23.9
5.0
5.1
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
2.4%
-6.9%
3.4%
-8.5%
-4.0%
7.1%
-13.7%
-18.6%
16.5%
29.0%
19.2%
-5.7%
-19.5%
-13.5%
MINNEAPOLIS
A
C
I
R
X
Y
1.9
12.1
6.0
3.9
5.9
3.7
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
28.4%
11.1%
-5.9%
2.7%
8.6%
-3.0%
24.3%
27.0%
1.4%
1.5%
0.9%
-10.5%
MINNETONKA
A
C
F
I
R
X
Y
2.6
6.9
12.7
7.7
8.0
4.7
4.7
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
37.1%
11.4%
7.6%
1.6%
2.9%
-0.8%
-3.4%
44.9%
27.5%
45.3%
16.9%
-0.5%
-19.9%
-11.9%
3 of 6
Page 12 of 55
HENNEPIN COUNTY CUMULATIVE GROWTH - 03/20/2015
PERCENT OF CHANGE FROM PREVIOUS YEAR
(Original Assessment as Approved)
5 YEAR 10 YEAR
TOTAL
TOTAL
-2.7%
7.2%
1.1%
9.6%
PT***
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
MINNETONKA
BEACH
C
R
14.9
13.4
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
MINNETRISTA
C
F
I
R
Y
1.0
27.7
12.9
13.7
6.0
0.2
2.3
0.1
5.4
0.1
2.7
-0.1
0.0
-2.5
-7.4
7.1
-4.7
0.0
-3.8
-4.5
-6.9
-8.1
-11.5
-9.8
-12.2
-0.7
-9.5
-2.4
-4.9
-3.3
-3.2
-12.2
-17.8
-6.6
-9.7
-0.9
6.1
0.0
-2.7
-1.6
-0.8
6.2
0.0
5.5
17.3
-4.7
-1.1
0.0
0.0
-2.3
-9.9%
-11.5%
-19.8%
-8.8%
-1.5%
-6.7%
1.2%
-19.8%
-7.6%
-18.9%
MOUND
A
C
I
R
X
Y
5.3
16.9
0.0
11.6
5.6
9.1
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
6.4%
-1.3%
63.9%
-12.0%
-11.3%
-18.0%
3.4%
-0.6%
56.9%
-11.4%
-25.8%
-17.2%
NEW
HOPE
A
C
I
R
X
Y
0.8
12.2
10.7
3.6
2.8
-0.6
-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
14.0%
-6.1%
2.9%
-2.4%
-14.9%
9.1%
3.1%
9.3%
17.3%
-13.2%
-40.5%
-33.2%
ORONO
A
C
F
I
R
X
Y
0.9
19.9
16.0
38.0
8.8
0.8
1.2
4.0
-9.4
7.2
9.8
-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
19.0%
-6.2%
-3.0%
-3.9%
-11.4%
-22.7%
-11.2%
8.8%
4.1%
10.6%
2.8%
-8.3%
-41.3%
-19.8%
OSSEO
A
C
I
R
X
Y
0.5
5.6
7.8
4.6
1.4
8.8
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
36.8%
-17.0%
-6.8%
-1.9%
-16.0%
-6.7%
15.6%
-23.7%
-5.3%
-15.8%
-30.4%
-23.8%
PLYMOUTH
A
C
F
I
R
X
Y
3.0
8.1
9.5
6.4
7.6
4.3
5.7
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
36.9%
9.0%
8.1%
2.1%
1.3%
-0.6%
0.6%
39.5%
25.3%
23.1%
21.5%
-2.4%
-15.1%
-11.2%
RICHFIELD
A
C
I
R
X
Y
0.3
21.2
28.1
7.5
2.2
4.1
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
20.6%
6.1%
-13.5%
-1.3%
5.0%
2.9%
13.7%
20.6%
6.3%
-11.3%
-21.7%
-19.0%
ROBBINSDALE
A
C
I
R
X
Y
5.1
3.1
4.5
8.1
-3.6
36.8
-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
12.9%
-12.8%
-3.9%
-8.5%
-28.2%
-12.5%
2.4%
-1.8%
-1.3%
-20.8%
-72.9%
-0.7%
4 of 6
Page 13 of 55
HENNEPIN COUNTY CUMULATIVE GROWTH - 03/20/2015
PERCENT OF CHANGE FROM PREVIOUS YEAR
(Original Assessment as Approved)
5 YEAR 10 YEAR
TOTAL
TOTAL
12.3%
10.6%
-0.7%
-17.0%
-0.8%
-17.8%
-0.8%
-15.8%
-7.7%
-29.6%
PT***
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
ROCKFORD
A
C
I
R
Y
0.5
12.9
5.7
6.8
-4.6
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
ROGERS
A
C
F
I
R
X
Y
20.7
28.8
33.4
29.2
6.2
-3.6
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
27.1%
-18.5%
9.2%
5.1%
2.7%
-0.2%
-4.0%
43.4%
-5.0%
10.8%
25.2%
-16.5%
-5.9%
-21.4%
SAINT
ANTHONY
A
C
I
R
X
Y
0.4
23.0
15.0
4.5
3.7
3.8
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
17.8%
0.7%
-11.7%
12.0%
-25.1%
-3.2%
8.6%
28.5%
3.2%
1.9%
-42.9%
-12.8%
SAINT
BONIFACIUS
A
C
I
R
X
Y
4.3
14.7
13.2
4.8
19.0
1.1
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
-0.1%
-18.9%
-18.0%
-5.2%
179.3%
4.8%
-8.4%
-2.4%
-5.7%
-13.2%
-60.5%
-18.7%
SAINT
LOUIS
PARK
A
C
I
R
X
Y
2.0
7.9
8.9
6.3
3.1
4.8
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
37.1%
14.5%
-4.3%
-0.9%
-0.2%
-2.6%
44.2%
37.1%
15.6%
-0.4%
-13.5%
-7.9%
SHOREWOOD
A
C
F
R
Y
3.8
15.4
1.8
8.2
5.3
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
20.3%
3.6%
290.7%
-1.0%
1.5%
-6.4%
28.1%
289.4%
0.8%
-9.9%
SPRING
PARK
A
C
I
R
X
Y
4.7
19.7
23.4
7.6
1.6
3.9
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
6.3%
-1.2%
-1.8%
-14.0%
6.4%
2.6%
3.1%
14.2%
-1.6%
-11.4%
-37.0%
-13.8%
TONKA
BAY
WAYZATA
A
C
R
Y
A
C
R
X
Y
5.4
24.5
14.2
2.6
-0.6
25.8
12.6
14.0
9.7
2.6
14.4
11.0
7.0
3.7
5.1
6.5
4.5
4.7
-5.0
0.0
1.2
2.6
0.0
0.3
0.2
-0.5
0.5
-9.7
-1.6
-3.8
-4.8
-0.8
-4.7
-5.8
0.2
-3.6
-6.8
-2.2
-6.8
-8.6
-3.7
-12.5
-6.0
-3.8
-4.6
-2.1
-2.0
-4.4
-6.7
-4.5
-4.9
-0.6
-11.4
-4.3
0.0
0.0
-6.3
-7.0
0.0
-1.2
-10.5
-3.0
-5.0
0.0
0.0
-3.7
-1.9
2.6
7.5
-3.6
0.0
-4.8
0.0
-0.5
7.4
1.1
5.4
3.2
5.8
1.2
3.7
0.0
0.8
0.8
10.1
4.1
2.5
4.9
-2.8
3.4
-2.1%
-1.7%
-6.6%
-5.3%
7.5%
6.8%
-4.8%
-15.5%
-7.2%
-15.3%
34.7%
7.4%
-7.1%
5.9%
18.1%
1.3%
-3.5%
-1.5%
WOODLAND
R
7.3
4.7
-0.4
-4.5
-3.9
-5.8
-6.3
-3.8
3.1
7.0
-6.3%
-3.8%
5 of 6
Page 14 of 55
HENNEPIN COUNTY CUMULATIVE GROWTH - 03/20/2015
PERCENT OF CHANGE FROM PREVIOUS YEAR
(Original Assessment as Approved)
HENNEPIN
COUNTY
SUBURBAN
HENNEPIN
PT***
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
A
C
F
I
R
X
Y
2.5
11.7
16.2
6.7
6.9
6.7
4.6
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
PT***
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
A
C
F
I
R
X
Y
3.4
10.2
16.2
10.5
7.8
6.6
5.0
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
5 YEAR 10 YEAR
TOTAL
TOTAL
29.1%
27.2%
9.3%
28.6%
-1.8%
-1.7%
-5.4%
5.8%
0.8%
-4.2%
3.9%
-8.0%
-2.8%
-13.1%
5 YEAR 10 YEAR
TOTAL
TOTAL
27.5%
27.8%
6.6%
22.8%
-2.0%
-2.1%
-0.7%
14.5%
0.1%
-3.8%
-1.6%
-13.9%
-2.1%
-11.9%
*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 15 of 55
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
2006
2007
2008
2009
COMMERCIAL
2011
APARTMENT
YEAR
2010
INDUSTRIAL
2012
2013
SF RESIDENTIAL
HENNEPIN PROPERTY TYPE GROWTH
2015
Run Date 03-20-2015
2014
Page 16 of 55
*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
2006
2007
2008
2009
COMMERCIAL
2011
APARTMENT
YEAR
2010
INDUSTRIAL
2012
2013
SF RESIDENTIAL
2015
Run Date 03-20-2015
2014
SUBURBAN HENNEPIN PROPERTY TYPE GROWTH
Page 17 of 55
*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
Report Created: 04-21-2015 (Sales & EMVs are from Initial 2015 Assessments)
Page 18 of 55
Mean Ratio = 97.22% Median Ratio = 96.20 Standard Deviation = 11.30% Number of Sales = 6,842 Normal Distribution Based on 2015 Assessment Sales Ratio Period of 10/2013 to 09/2014 2015 SUBURBAN HENNEPIN COUNTY DIRECT SALES RATIO HISTOGRAM (R & RL)
95.9%
95.8%
95.0%
95.0%
95.3%
95.3%
95.4%
95.3%
97.8%
96.2%
2006*
2007
2008
2009
2010
2011
2012
2013
2014
2015
97.2%
101.7%
97.3%
97.1%
96.9%
97.4%
96.3%
95.9%
96.0%
96.2%
DIRECT
MEAN RATIO
92.3%
93.3%
99.4%
100.6%
93.3%
91.1%
97.6%
99.4%
MCAP MEDIAN MCAP
MEAN
RATIO
RATIO
Page 19 of 55
*The following ratios are based on a weighted median and mean sales ratio and were generated from the original assessments as submitted for each year.)
** Refer to the Introduction and Overview sections of this report for explanations of direct ratios versus MCAP ratios.
DIRECT MEDIAN
RATIO
ASSESSMENT
YEAR
By Assessed Year (2006* - 2015)
Suburban Hennepin - R & RL
Mean & Median Sales Ratios
2015 EMV Run Date: 04-21-2015
ESTIMATED MARKET VALUE MEDIANS
HENNEPIN COUNTY RESIDENTIAL SINGLE FAMILY*
2015 ASSESSMENT FOR TAXES PAYABLE 2016
CITY
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
BLOOMINGTON
BROOKLYN CENTER
BROOKLYN PARK
CHAMPLIN
CORCORAN
CRYSTAL
DAYTON
DEEPHAVEN
EDEN PRAIRIE
EDINA
EXCELSIOR
GOLDEN VALLEY
GREENFIELD
GREENWOOD
HANOVER
HASSAN TOWNSHIP
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
244,900
190,400
222,200
226,400
301,500
193,000
260,000
470,500
362,200
433,300
309,400
274,000
374,000
802,000
374,000
327,000
227,000
444,000
255,000
242,000
280,900
235,000
643,000
505,500
212,500
317,300
982,000
468,000
233,000
224,000
666,000
202,000
333,600
217,000
199,250
209,000
288,000
259,000
239,500
238,600
419,000
385,000
619,000
433,000
915,000
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
348,500
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
345,000
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
334,000
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
280,000
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
273,000
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
258,000
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
N/A
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
219,800
131,400
142,100
172,500
181,500
177,000
184,000
269,000
278,000
151,000
153,000
219,000
224,000
473,000
534,000
339,100
360,300
428,300
457,300
335,000
370,000
252,500
258,000
308,000
327,000
726,000
704,500
277,000
305,000
N/A
N/A
206,000
207,000
356,000
360,000
222,000
228,000
184,500
205,000
268,700
278,900
180,000
193,000
586,500
574,500
503,000
521,500
181,000
191,000
297,500
317,750
980,000 1,020,000
387,000
385,000
189,000
192,000
180,000
188,500
546,000
572,000
147,000
165,000
316,100
327,000
173,000
180,000
149,000
146,000
164,000
171,500
251,000
263,000
223,000
255,000
199,000
203,000
217,400
227,700
386,500
410,000
352,000
353,000
474,000
473,000
431,000
475,000
719,000
848,000
SUBURBAN HENNEPIN
ALL HENNEPIN
263,000
248,000
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
*Includes all single subrecord taxable R & RL parcels
Page 20 of 55
248,000
230,500
Estimated Market Value
100,000
125,000
150,000
175,000
200,000
225,000
250,000
275,000
300,000
Page 21 of 55
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
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 (R & RL)
Run Date: 4/24/2015
Jan-Dec 2011
City
Mean
Median
Jan-Dec 2012
#Cases
Mean
Median
Jan-Dec 2013
#Cases
Mean
Median
Jan-Dec 2014
#Cases
Mean
Median
#Cases
Bloomington
$229,546
$212,000
279
223,600
192,850
460
247,848
220,000
643
253,526
230,000
599
Brooklyn Center
$122,285
$124,800
91
120,220
119,200
157
137,488
139,168
244
147,476
149,900
214
Brooklyn Park
$190,377
$174,250
222
183,521
166,900
346
198,638
179,690
616
212,510
191,500
494
Champlin
$212,364
$185,000
76
195,034
165,000
146
223,673
198,000
217
243,549
215,000
171
Corcoran
$302,427
$276,000
22
256,238
250,000
26
395,608
305,550
55
326,315
314,000
31
Crystal
$143,319
$145,000
94
139,755
134,500
184
160,930
156,833
216
177,453
168,000
203
Dayton
$237,060
$182,500
14
235,438
175,000
32
320,975
278,150
34
288,406
212,250
24
Deephaven
$679,370
$544,398
35
592,140
504,000
50
810,454
509,000
52
680,959
486,000
43
Eden Prairie
$406,661
$369,000
305
367,893
332,300
411
418,228
350,013
524
436,797
385,000
435
Edina
$558,936
$436,500
323
519,658
412,400
487
545,633
443,750
552
600,808
449,750
392
Excelsior
$496,395
$350,000
19
367,818
298,000
22
471,877
250,000
18
408,919
360,000
9
Golden Valley
$271,217
$238,000
118
285,540
243,000
187
312,415
269,350
240
324,206
284,700
188
Greenfield
$429,732
$374,000
20
370,688
330,500
16
377,669
410,000
23
406,576
390,000
17
16 1,065,125
Greenwood
$1,088,364
$940,000
11
834,563
665,000
785,000
12
1,303,633
775,000
9
Hanover
$394,000
$394,000
2
335,833
359,500
6
273,943
279,630
6
331,250
340,000
4
Hassan
$234,500
$234,500
1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Hopkins
$259,603
$223,000
51
245,084
202,000
83
281,997
231,250
80
264,513
219,900
65
Independence
$480,010
$378,000
15
460,710
441,000
31
486,584
457,500
27
464,491
357,450
28
Long Lake
$322,387
$299,500
8
320,000
226,000
19
352,944
264,000
23
271,666
220,500
15
Loretto
$202,583
$225,750
3
172,667
155,000
3
239,190
240,650
10
250,850
261,250
4
Maple Grove
$303,918
$278,000
308
289,865
257,900
420
325,877
300,387
542
335,460
300,000
442
Maple Plain
$168,698
$153,500
10
205,353
196,000
17
203,512
185,750
12
222,031
217,500
13
Medicine Lake
$486,625
$486,625
2
614,000
614,000
1
593,000
639,000
3
620,000
620,000
1
Medina
$809,652
$625,000
29
609,038
397,000
53
687,243
625,000
47
801,437
685,415
48
Minneapolis
$246,156
$196,700
1,724
240,873
187,000
2,929
265,059
212,000
3,361
266,506
210,000
2,902
Minnetonka
$348,077
$300,250
228
358,214
288,050
374
393,940
329,703
441
394,286
330,500
330
$1,588,188
$1,137,500
8
905,727 1,040,000
11
869,014
670,000
9
1,413,166
1,485,000
8
Minnetonka Beach
Minnetrista
$449,743
$400,000
39
473,000
384,000
65
473,620
414,005
85
484,923
415,000
67
Mound
$370,029
$301,500
61
274,148
191,000
115
341,212
215,550
122
304,382
235,000
93
New Hope
$174,822
$171,750
76
175,043
172,000
105
190,783
189,070
128
204,031
203,750
120
Orono
$935,388
$779,388
62
674,105
514,000
86
816,149
639,500
102
801,651
633,250
94
Osseo
$127,333
$125,000
9
143,762
143,000
21
160,703
164,417
22
184,335
180,000
17
Plymouth
$339,552
$303,250
298
329,041
300,450
440
361,780
334,777
610
379,363
350,200
444
Richfield
$178,917
$172,000
147
170,372
166,000
282
183,478
182,000
385
202,033
194,250
270
Robbinsdale
$149,043
$145,000
59
135,727
125,500
128
157,008
151,343
154
167,744
161,450
140
$0
$0
0
0
0
0
289,000
289,000
2
200,000
200,000
2
Rockford
Rogers
$234,127
$236,250
38
246,061
239,000
66
265,695
260,000
87
293,124
279,900
91
Shorewood
$555,536
$445,000
52
600,667
421,000
75
632,844
428,740
89
529,296
383,000
62
Spring Park
$321,233
$330,000
3
375,375
422,500
8
473,303
304,400
6
299,995
299,995
1
St Anthony
$223,332
$223,650
42
213,419
208,000
43
234,535
235,000
43
282,411
259,450
60
St Bonifacius
$198,140
$174,500
10
208,882
197,000
17
208,613
224,900
27
221,509
210,000
17
St Louis Park
$271,204
$225,000
259
236,361
203,100
424
265,684
229,900
473
272,965
239,563
368
$1,267,741
$867,500
14
844,767
755,500
30
895,704
852,500
22
716,800
570,000
17
$775,650
$515,000
15 1,079,875
563,500
24
530,506
400,000
29
1,172,083
470,000
27
$2,500,000
$2,500,000
1 1,385,429 1,275,000
7
728,071
360,000
7
2,086,333
1,594,000
6
$298,178
$227,200
8,423
308,188
239,875
10,400
316,726
246,000
8,585
Tonka Bay
Wayzata
Woodland
Henn Cty Totals
Sales prices* are direct sales prices
5,203
286,017
218,000
Page 22 of 55
Data As of 04-01-2015
Hennepin Co. CRV Counts By Calendar Year
35,000
Minneapolis
Suburban
30,000
Count of CRVs (Sales)
All Hennepin
25,000
20,000
15,000
10,000
5,000
0
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Years
CRV (Certificate of Real Estate Value) Counts
Year
Minneapolis Count
Suburban Count
Hennepin Count
2005
11,815
21,406
33,221
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
12,892
18,943
2012
7,161
15,455
22,616
2013
8,193
17,373
25,566
2014
7,756
15,940
23,696
Page 23 of 55
1,214,331,700
4,174,342,200
1,345,951,500
48,983,000
409,506,200
1,067,850,000
306,109,100
549,818,000
6,453,973,100
5,956,587,500
197,357,400
0
1,880,710,200
244,732,200
99,346,000
49,464,500
1,100,720,700
346,930,600
0
152,834,400
45,521,000
543,868,000
1,638,041,600
493,532,500
18,826,000
320,481,400
422,582,800
215,988,600
596,163,000
3,084,971,500
4,450,207,200
217,102,700
0
1,294,807,600
157,777,400
201,036,000
19,724,500
565,707,400
287,210,300
0
71,149,600
12,597,100
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:
7,058,720,100
4,326,157,000
BLOOMINGTON (20) TOTAL:
9,538,944,600
1,145,981,000
522,097,700
1,490,432,800
729,987,600
67,809,000
1,839,484,000
5,812,383,800
1,758,199,700
0
0
0
0
0
0
0
0
0
0
592,200
0
0
0
28,300
188,200
0
20,000
34,000
143,800
0
69,200
231,900
0
336,100
0
13,600
20,000
0
23,900
23,300
44,300
99,800
QUALIFYING
IMPROV
Page 24 of 55
58,118,100
223,984,000
0
634,140,900
1,666,428,100
69,189,000
300,382,000
402,509,600
3,175,517,800
0
415,052,300
0 10,406,794,700
0
0
0
0
0
0
0
0
0
0 11,384,877,100
ESTIMATED
ESTIMATED
BUILDINGS MACHINERY* MARKET VAL
ESTIMATED
LAND
MUNIC (MUNIC NUMBER)
Report No. PI318201-5
639,009
2,672,861
0
6,331,886
21,563,664
676,553
3,439,319
4,095,190
40,147,189
0
5,150,639
125,337,896
116,737,540
12,878,350
5,548,798
15,116,995
7,250,043
1,347,608
18,718,939
65,738,334
20,199,392
152,460,599
13
103
77
290
189
9
13
104
317
7
49
584
911
57
181
284
213
318
650
298
863
271
768
2,264
5,156
294
353
1,681
8,371
885
20,774
22,160
1,563
2,275
8,009
3,079
23
8,160
23,667
8,631
30,416
284
871
77
2,554
5,345
303
366
1,785
8,688
7
934
21,358
23,071
1,620
2,456
8,293
3,292
23
8,478
24,317
8,929
31,279
264
763
1,668
5,127
265
348
1,311
8,343
866
20,740
21,865
1,560
1,845
7,992
2,311
22
8,156
23,575
8,608
30,343
277
864
77
1,750
5,311
270
361
1,359
8,648
7
913
21,309
22,699
1,616
1,977
8,275
2,349
22
8,473
24,200
8,897
31,183
Data As Of: 4/6/2015
13
101
77
82
184
5
13
48
305
7
47
569
834
56
132
283
38
317
625
289
840
TAX
SUBRECORDS
PARCELS
TAX TOTAL EXEMPT
TAX TOTAL
CAPACITY EXEMPT
Estimated Market Values - Munic Totals - 2015 Assessment
26,922,000
930,813,800
50,790,400
555,373,300
MEDICINE LAKE (79) TOTAL:
757,667,800
593,057,000
1,096,614,400
1,133,854,800
157,699,000
6,691,980,320
1,818,854,100
590,713,000
15,047,000
1,176,847,100
826,244,000
121,344,500
368,689,500
154,664,300
3,877,126,100
571,630,000
484,516,000
424,379,700
1,411,622,200
54,324,600
3,230,924,480
1,037,353,400
289,458,900
7,344,500
454,665,400
708,048,200
108,377,600
189,031,000
35,305,500
1,953,671,400
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:
104,284,200
188,812,100
MINNETONKA BEACH (82) TOTAL
:
MINNETRISTA (36) TOTAL:
7,307,100
0
0
0
0
0
0
0
0
12,082,600
0
0
0
0
0
0
0
5,103,351,200
3,326,188,500
MINNETONKA (34) TOTAL:
772,100
0
10,000
0
61,500
0
0
0
174,600
90,400
6,200
48,900
4,700
111,500
22,800
20,000
424,200
5,906,680
14,200
0
30,000
15,000
QUALIFYING
IMPROV
Page 25 of 55
5,838,104,600
189,969,800
557,720,500
229,722,100
1,534,292,200
1,631,512,500
22,391,500
880,171,900
2,856,207,500
9,934,987,400
212,023,600
2,545,477,000
1,520,994,100
1,077,573,000
1,329,297,800
293,096,300
8,429,539,700
0 39,381,782,800
1,486,187,100
77,712,400
162,239,400
8,951,619,400 30,430,163,400
0
0
0
MINNEAPOLIS (01) TOTAL:
MEDINA (80) TOTAL:
111,674,200
50,565,200
MAPLE PLAIN (77) TOTAL:
7,991,500,100
5,810,040,900
2,181,459,200
MAPLE GROVE (76) TOTAL:
0
ESTIMATED
ESTIMATED
BUILDINGS MACHINERY* MARKET VAL
ESTIMATED
LAND
MUNIC (MUNIC NUMBER)
Report No. PI318201-5
71,083,857
1,936,924
5,791,814
2,712,298
16,711,339
21,248,295
265,580
8,578,023
33,050,877
117,278,392
2,605,413
28,705,952
17,871,213
10,892,316
13,965,480
3,421,145
103,714,747
481,672,040
16,871,951
837,975
1,962,858
91,365,947
3,354
152
672
25,114
3,643
173
713
25,979
480
46
64
26
116
299
4
148
322
992
51
433
127
299
435
68
973
17,277
956
2,233
569
3,054
4,874
94
5,161
11,610
26,208
927
4,062
5,916
4,474
4,012
252
19,806
17,757
1,002
2,297
595
3,170
5,173
98
5,309
11,932
27,200
978
4,495
6,043
4,773
4,447
320
20,779
7,541 122,679 130,220
289
21
41
865
2,881
152
660
24,858
2,998
172
693
25,653
17,217
937
2,230
559
3,040
4,475
91
5,153
11,577
25,852
916
3,967
5,902
4,465
3,397
247
19,714
17,679
982
2,294
585
3,144
4,697
95
5,297
11,896
26,737
967
4,291
6,026
4,758
3,622
315
20,631
Data As Of: 4/6/2015
462
45
64
26
104
222
4
144
319
885
51
324
124
293
225
68
917
7,414 121,700 129,114
117
20
33
795
TAX
SUBRECORDS
PARCELS
TAX TOTAL EXEMPT
TAX TOTAL
CAPACITY EXEMPT
Estimated Market Values - Munic Totals - 2015 Assessment
9,155,580
3,248,900
20,000
130,200
16,200
QUALIFYING
IMPROV
1,709,239,899
1,227,567,859
3,330,587
21,413,644
5,900,428
228
1,765
793
231
1,854
839
19,308 415,042 434,350
11,767 292,363 304,130
3
89
46
228
1,741
783
231
1,830
829
17,659 408,714 426,373
10,245 287,014 297,259
3
89
46
TAX
SUBRECORDS
PARCELS
TAX TOTAL EXEMPT
TAX TOTAL
CAPACITY EXEMPT
Report No. PI318201-5
Page 3 of 3
Page 26 of 55
Data As Of: 4/6/2015
*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.
19,981,900 142,276,687,400
46,531,982,380 95,724,723,120
284,556,000
HENNEPIN COUNTY TOTAL:
0
1,644,730,500
19,981,900 102,894,904,600
114,875,000
169,681,000
WOODLAND (15) TOTAL:
0
522,583,800
37,580,362,980 65,294,559,720
822,595,100
822,135,400
WAYZATA (99) TOTAL:
0
SUBURBAN TOTAL:
185,811,000
ESTIMATED
ESTIMATED
BUILDINGS MACHINERY* MARKET VAL
336,772,800
ESTIMATED
LAND
TONKA BAY (97) TOTAL:
MUNIC (MUNIC NUMBER)
Estimated Market Values - Munic Totals - 2015 Assessment
Page 1 of 6
DEEPHAVEN
DAYTON
CRYSTAL
CORCORAN
CHANHASSEN
CHAMPLIN
BROOKLYN PARK
BROOKLYN
CENTER
BLOOMINGTON
MUNICIPALITY:
8.85%
780,948
1,027,848
31.62%
15,870
3,320
-79.08%
2.45%
277,536
276,158
-0.50%
345,625
345,625
0.00%
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
Percent Change:
Percent Change:
-3.81%
2015 Pay 2016:
730,344
1.86%
297,710
2014 Pay 2015:
2,394,297
1,049,760
309,510
Percent Change:
2015 Pay 2016:
1,030,600
0.12%
2015 Pay 2016:
670,934
18.75%
2,230,510
2014 Pay 2015:
2,337,117
904,450
1,074,040
2,227,920
Percent Change:
2014 Pay 2015:
7.62%
10.45%
2015 Pay 2016:
-0.18%
10,758,340
11,152,652
2014 Pay 2015:
-0.03%
9,996,519
10,097,852
Percent Change:
Percent Change:
2.20%
0.76%
2015 Pay 2016:
2015 Pay 2016:
2,344,030
5,636,758
344,492
2,293,508
5,594,239
2014 Pay 2015:
343,860
-0.81%
17.74%
Percent Change:
307,223
13,094,035
68,582,261
2015 Pay 2016:
307,124
13,201,347
58,250,773
2014 Pay 2015:
2014 Pay 2015:
INDUSTRIAL*:
COMMERCIAL:
Page 27 of 55
191.62%
140,163
48,063
5.80%
3,413
3,226
14.15%
1,472,990
1,290,394
0.00%
0
0
0.00%
0
0
10.03%
510,410
463,888
12.17%
4,073,181
3,631,282
5.42%
2,360,164
2,238,857
15.39%
11,276,961
9,773,118
APARTMENT:
10.91%
12,378,982
11,161,429
6.44%
3,672,031
3,449,821
2.99%
10,504,874
10,200,390
7.88%
5,600,716
5,191,437
0.00%
138
138
3.07%
14,886,370
14,443,129
8.68%
39,178,925
36,048,193
11.70%
9,849,810
8,818,050
7.70%
59,465,471
55,212,592
RESIDENTIAL:
0.00%
0
0
-1.32%
480,198
486,610
0.00%
0
0
-3.23%
928,968
959,957
0.00%
0
0
1.34%
17,309
17,080
11.49%
575,236
515,975
-0.22%
1,790
1,794
26.50%
8,248
6,520
FARM:
0.00%
10,260
10,260
3.12%
89,150
86,450
0.00%
14,490
14,490
0.00%
69,375
69,375
0.00%
0
0
-95.89%
300
7,305
0.00%
0
0
0.00%
6,840
6,840
-40.43%
33,623
56,443
OTHER:
2015 Property Type Table - Munic Tax Capacities
Data as of: 4/6/2015
11.20%
12,878,350
11,581,247
9.13%
5,548,798
5,084,591
4.16%
15,116,995
14,513,325
5.49%
7,250,043
6,872,484
0.55%
1,347,608
1,340,248
3.63%
18,718,939
18,063,772
9.04%
65,738,334
60,289,821
6.57%
20,199,392
18,953,288
11.69%
152,460,599
136,500,793
MUNIC TOTAL:
Report No. PI318201-PDS1
Page 2 of 6
HOPKINS
HANOVER
GREENWOOD
GREENFIELD
GOLDEN VALLEY
FORT SNELLING
EXCELSIOR
EDINA
EDEN PRAIRIE
MUNICIPALITY:
272,434
16.67%
0
0
0.00%
2,663
2,873
7.89%
3,477,390
3,536,010
1.69%
-23.44%
158,188
183,488
15.99%
6,180
6,180
0.00%
5,597,972
5,815,636
3.89%
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
Percent Change:
317,842
7.24%
9.26%
2015 Pay 2016:
259,270
5,406,885
12,573,800
2014 Pay 2015:
198,500
5,041,778
11,508,318
Percent Change:
2014 Pay 2015:
0.00%
0.00%
2015 Pay 2016:
Percent Change:
0
-54.03%
10.77%
2015 Pay 2016:
0
17,571
1,657,519
2014 Pay 2015:
0
38,221
1,496,299
Percent Change:
0
9.31%
7.42%
2015 Pay 2016:
2014 Pay 2015:
3,962,918
4,331,953
0.83%
6.93%
Percent Change:
26,640,187
11,510,588
29,243,525
2015 Pay 2016:
28,616,138
11,416,158
27,348,977
2014 Pay 2015:
2014 Pay 2015:
INDUSTRIAL*:
COMMERCIAL:
Page 28 of 55
13.38%
3,726,010
3,286,378
0.00%
0
0
1.31%
17,375
17,150
0.00%
0
0
29.65%
1,869,653
1,442,060
0.00%
0
0
9.73%
477,168
434,850
29.49%
6,418,523
4,956,747
8.83%
7,667,144
7,045,373
APARTMENT:
3.20%
8,463,418
8,201,026
11.50%
635,106
569,617
4.43%
3,238,456
3,101,115
5.80%
3,181,709
3,007,313
2.76%
20,296,851
19,751,721
0.00%
0
0
12.70%
2,991,631
2,654,523
5.07%
85,971,282
81,819,890
6.83%
68,271,231
63,907,631
RESIDENTIAL:
0.00%
0
0
2.64%
32,394
31,560
0.00%
0
0
4.87%
397,139
378,705
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
-9.16%
45,052
49,597
FARM:
0.94%
22,590
22,380
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
2.51%
6,750
6,585
0.00%
0
0
0.00%
0
0
OTHER:
2015 Property Type Table - Munic Tax Capacities
Data as of: 4/6/2015
4.75%
21,563,664
20,585,146
10.91%
676,553
610,020
4.97%
3,439,319
3,276,453
4.53%
4,095,190
3,917,722
6.37%
40,147,189
37,743,877
0.00%
0
0
11.23%
5,150,639
4,630,478
6.78%
125,337,896
117,379,742
6.35%
116,737,540
109,767,736
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%
494,786
494,786
0.00%
47,291
47,291
0.00%
9,203,138
9,387,163
2.00%
576,838
617,123
6.98%
10,648
10,648
0.00%
1,168,293
1,152,564
-1.35%
26,338,229
19,506,121
-25.94%
0.00%
495,030
499,176
0.84%
161,000
161,041
0.03%
17,896,419
18,055,525
0.89%
232,225
236,076
1.66%
21,080
21,080
0.00%
1,132,651
1,077,027
-4.91%
128,314,965
145,688,416
13.54%
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
16.38%
-30.41%
Percent Change:
0
190,391
136,163
2015 Pay 2016:
0
163,595
195,663
2014 Pay 2015:
2014 Pay 2015:
INDUSTRIAL*:
COMMERCIAL:
Page 29 of 55
28.63%
71,990,205
55,967,851
4.52%
35,577
34,040
0.00%
20,289
20,289
2.61%
156,387
152,404
27.07%
2,307,726
1,816,132
2.29%
23,184
22,666
2.68%
86,292
84,041
0.00%
0
0
0.00%
0
0
APARTMENT:
6.82%
244,211,954
228,630,322
9.69%
13,901,724
12,673,704
-1.73%
785,958
799,834
10.76%
953,272
860,633
5.90%
61,406,179
57,987,749
7.36%
406,059
378,228
0.59%
1,592,607
1,583,252
0.00%
0
0
1.97%
5,188,844
5,088,707
RESIDENTIAL:
1.84%
17,361
17,048
2.28%
702,614
686,949
0.00%
0
0
0.00%
0
0
4.40%
209,354
200,530
-7.78%
1,434
1,555
0.00%
0
0
0.00%
0
0
0.39%
816,488
813,295
FARM:
1.87%
257,983
253,247
0.00%
2,445
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:
2015 Property Type Table - Munic Tax Capacities
Data as of: 4/6/2015
9.59%
481,672,040
439,521,662
7.48%
16,871,951
15,698,082
-1.63%
837,975
851,851
7.73%
1,962,858
1,822,100
4.89%
91,365,947
87,103,968
4.63%
639,009
610,740
0.59%
2,672,861
2,657,109
0.00%
0
0
1.13%
6,331,886
6,261,260
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%
63,380
46,370
-26.84%
126,922
154,820
21.98%
4,722,932
5,157,952
9.21%
235,526
194,768
-17.31%
386,861
409,087
5.75%
17,529,603
17,762,804
1.33%
149,680
248,004
65.69%
-2.95%
114,332
92,662
-18.95%
600,325
629,510
4.86%
1,357,749
1,399,256
3.06%
956,683
918,009
-4.04%
739,765
722,090
-2.39%
17,912,389
18,382,913
2.63%
10,823,487
11,405,914
5.38%
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
8.34%
4.74%
Percent Change:
88,170
5,814,782
31,671,677
2015 Pay 2016:
85,570
5,367,396
30,238,241
2014 Pay 2015:
2014 Pay 2015:
INDUSTRIAL*:
COMMERCIAL:
Page 30 of 55
9.33%
3,787,365
3,464,048
10.52%
9,013,268
8,155,256
32.01%
481,125
364,464
11.06%
144,638
130,230
10.51%
2,704,806
2,447,518
3.94%
225,480
216,926
0.00%
0
0
0.00%
0
0
8.20%
7,486,379
6,918,870
APARTMENT:
3.99%
17,587,006
16,911,652
5.12%
71,931,998
68,426,185
13.99%
990,621
869,050
4.64%
27,401,739
26,187,138
6.15%
8,609,199
8,110,282
1.66%
9,871,406
9,710,680
2.79%
13,318,190
12,956,424
5.34%
3,335,575
3,166,589
6.69%
58,734,419
55,053,902
RESIDENTIAL:
0.00%
0
0
-30.14%
165,071
236,300
0.00%
0
0
-17.51%
46,798
56,732
0.00%
0
0
0.00%
0
0
-4.56%
508,258
532,566
0.00%
0
0
-47.42%
7,490
14,244
FARM:
7.24%
22,588
21,063
0.00%
22,338
22,339
0.00%
2,490
2,490
0.00%
0
0
0.00%
0
0
0.00%
11,100
11,100
0.00%
0
0
0.00%
0
0
0.00%
0
0
OTHER:
2015 Property Type Table - Munic Tax Capacities
Data as of: 4/6/2015
5.36%
33,050,877
31,369,930
4.45%
117,278,392
112,282,072
10.28%
2,605,413
2,362,630
4.13%
28,705,952
27,566,309
7.41%
17,871,213
16,638,481
2.12%
10,892,316
10,665,953
2.19%
13,965,480
13,666,702
5.11%
3,421,145
3,254,759
6.27%
103,714,747
97,592,653
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*:
119,332
72,938
-38.88%
58,640
58,360
-0.48%
6,397,549
7,195,847
12.48%
132,370
173,280
30.91%
143,250
149,220
4.17%
382,260
382,260
0.00%
88,785
92,535
4.22%
5,626,498
5,642,084
0.28%
2,000
2,000
0.00%
COMMERCIAL:
1,128,524
1,139,280
0.95%
29,110
29,110
0.00%
3,686,828
3,856,268
4.60%
764,705
756,555
-1.07%
452,865
460,750
1.74%
501,580
501,580
0.00%
308,805
308,720
-0.03%
17,837,030
19,884,044
11.48%
205,379
207,519
1.04%
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
Page 31 of 55
0.00%
0
0
14.06%
10,256,832
8,992,295
1.65%
31,806
31,290
8.80%
340,594
313,046
9.45%
602,543
550,525
8.85%
24,288
22,314
5.06%
630,702
600,302
7.40%
42,638
39,701
6.88%
807,202
755,273
APARTMENT:
1.47%
5,690,909
5,608,424
6.51%
35,292,308
33,135,834
6.44%
1,502,956
1,412,061
17.96%
4,524,442
3,835,592
4.77%
1,499,785
1,431,560
5.01%
15,733,176
14,982,792
7.01%
9,090,210
8,494,456
5.01%
110,373
105,106
-0.89%
6,556,668
6,615,419
RESIDENTIAL:
0.00%
0
0
0.00%
0
0
0.00%
907
907
0.00%
0
0
0.00%
0
0
-3.83%
4,840
5,033
-10.95%
475,268
533,708
-1.65%
298
303
0.00%
0
0
FARM:
0.00%
0
0
4.95%
8,589
8,184
0.00%
0
0
0.00%
42,938
42,938
0.00%
0
0
0.00%
19,200
19,200
0.00%
0
0
29.67%
24,801
19,126
0.00%
1,935
1,935
OTHER:
2015 Property Type Table - Munic Tax Capacities
Data as of: 4/6/2015
1.46%
5,900,428
5,815,803
8.36%
71,083,857
65,599,841
5.16%
1,936,924
1,841,848
14.12%
5,791,814
5,075,416
5.20%
2,712,298
2,578,200
4.93%
16,711,339
15,926,414
7.79%
21,248,295
19,712,843
5.39%
265,580
251,986
-0.49%
8,578,023
8,620,483
MUNIC TOTAL:
Report No. PI318201-PDS1
0
0
0.00%
106,917,327
111,193,444
4.00%
133,255,556
130,699,565
-1.92%
0.00%
266,515,241
288,270,336
8.16%
394,830,206
433,958,752
9.91%
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
2014 Pay 2015:
2015 Pay 2016:
Percent Change:
-30.59%
4.14%
Percent Change:
0
187,068
6,114,940
2015 Pay 2016:
0
269,524
5,872,020
2014 Pay 2015:
2014 Pay 2015:
INDUSTRIAL*:
COMMERCIAL:
20.35%
152,925,130
127,069,845
13.83%
80,934,925
71,101,994
0.00%
0
0
27.91%
1,712,649
1,338,978
APARTMENT:
6.23%
985,518,952
927,719,653
6.04%
741,306,998
699,089,331
8.63%
3,330,587
3,066,103
10.53%
13,373,787
12,099,960
RESIDENTIAL:
-1.88%
5,442,515
5,546,968
-1.89%
5,425,154
5,529,920
0.00%
0
0
0.00%
0
0
FARM:
-2.03%
694,985
709,395
-4.20%
437,002
456,148
0.00%
0
0
0.00%
25,200
25,200
OTHER:
7.56%
1,709,239,899
1,589,131,623
6.78%
1,227,567,859
1,149,609,961
8.63%
3,330,587
3,066,103
9.22%
21,413,644
19,605,682
MUNIC TOTAL:
Report No. PI318201-PDS1
Page 6 of 6
Page 32 of 55
Data as of: 4/6/2015
*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:
2015 Property Type Table - Munic Tax Capacities
2015 Data as of: 4/6/2015
427,727
427,233
2014 Data as of: 12/3/2014
1,354 *
129,114
297,259
1,739,291,053 **
1,619,182,777
1,343
129,281
296,609
481,672,040 **
1,227,567,859 **
1,709,239,899 **
439,521,662
1,149,609,961
1,589,131,623
30,147,112 *&**
139,069,022,657
129,651,439,518
30,051,154
38,050,510,691
99,472,610,066
137,523,120,757
34,727,142,544
93,383,985,074
128,111,127,618
1,540,901,900 *
1,275,702,129
3,242,120,584
4,517,822,713
130,428
303,731
434,159
1,349,260,106
3,450,050,926
4,799,311,032
1,540,311,900
302
951
1,253
49,663,300
177,489,050
227,152,350
297
985
1,282
47,122,300
177,035,900
224,158,200
130,220
304,130
434,350
1,125
9,155,580
1,542
681
444
17,376,650
5,906,680
3,248,900
Count
Of
Parcels
931
611
39,381,782,800
102,894,904,600
142,276,687,400
143,822,589,300
1,545,901,900 *
Preliminary
2015 Assessment
For 2016 Taxes
11,183,850
6,192,800
36,134,708,800
97,016,691,700
133,151,400,500
134,691,712,400
1,540,311,900
Count
Of
Parcels
0.12%
0.82%
-0.13%
0.22%
7.42%
-0.16%
0.13%
0.04%
1.68%
-3.45%
-2.26%
-27.04%
-26.85%
-27.33%
Count
Of
Parcels
Prepared by The Hennepin County Assessor's Office
494
11
-167
650
120,108,276
9.59%
6.78%
7.56%
0.32%
95,958
42,150,378
77,957,898
120,108,276
7.26%
9,417,583,139
9.57%
6.52%
7.35%
-5.45%
-6.03%
-5.87%
-208
399
191
3,323,368,147
6,088,624,992
9,411,993,139
5.39%
0.26%
1.34%
5
-34
-29
0.36%
-47.31%
-417
5,590,000
-73,557,977
-207,930,342
-281,488,319
2,541,000
453,150
2,994,150
-8,221,070
-47.19%
-47.54%
-5,277,170
-2,943,900
-250
-167
8.99%
6.06%
6.85%
6.78%
3,247,074,000
5,878,212,900
9,125,286,900
9,130,876,900
% Change
2014 to
2015
0.36%
Count
Of
Parcels
5,590,000
Change From
2014 Assessment
to 2015 Assessment
NOTES: * Preliminary 2015 Personal Property Figures have 2014 MSP Airport Figures.
**TAX CAPACITIES based on 2014 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.
Report: DK99SS93.2013.05
Total Hennepin County Parcels
Number of Parcels (Taxable & Exempt):
Personal Property Accounts
Real Estate (MPLS)
Real Estate (Non-MPLS)
Total Tax Capacity
Tax Capacity (Personal Property Accounts)
Tax Capacity (Real Estate)
City of MPLS
Hennepin Co (Non-MPLS)
Total Hennepin Co (Real Estate)
Total Taxable Market Value
Taxable Market Value (Pers Prop Accounts)
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 (Pers Prop Accounts)
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
2014 Assessment
For 2015 Taxes
Hennepin County Valuation Comparison
Hennepin County 2015 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
11,384,877,100
99,800
0.00%
29,801,600
0.26%
410,763,506
3.61%
BROOKLYN CENTER
1,758,199,700
44,300
0.00%
9,614,450
0.55%
165,027,304
9.39%
1,587,916,546
BROOKLYN PARK
5,812,383,800
23,300
0.00%
35,150,000
0.60%
374,574,864
6.44%
5,412,557,836
CHAMPLIN
1,839,484,000
23,900
0.00%
5,400,000
0.29%
133,017,083
7.23%
1,702,498,017
CHANHASSEN
10,952,278,894
67,809,000
0
0.00%
0
0.00%
9,200
0.01%
67,799,800
729,987,600
20,000
0.00%
2,250,000
0.31%
17,661,852
2.42%
710,329,748
1,490,432,800
13,600
0.00%
7,263,500
0.49%
154,478,474 10.36%
1,331,270,226
522,097,700
0
0.00%
2,100,000
0.40%
DEEPHAVEN
1,145,981,000
336,100
0.03%
600,000
0.05%
3,717,004
0.32%
1,141,327,896
EDEN PRAIRIE
9,538,944,600
0
0.00%
12,300,000
0.13%
172,796,301
1.81%
9,355,317,099
10,406,794,700
231,900
0.00%
10,500,000
0.10%
113,733,978
1.09%
10,284,424,522
415,052,300
69,200
0.02%
600,000
0.14%
2,549,725
0.61%
411,833,375
0
0
0.00%
0.00%
0
0.00%
0
3,175,517,800
143,800
0.00%
5,649,000
0.18%
98,975,203
3.12%
3,072,289,797
GREENFIELD
402,509,600
34,000
0.01%
750,000
0.19%
9,114,871
2.26%
392,823,729
GREENWOOD
300,382,000
20,000
0.01%
300,000
0.10%
580,070
0.19%
299,481,930
69,189,000
0
0.00%
0
0.00%
1,854,650
2.68%
67,334,350
1,666,428,100
188,200
0.01%
2,700,000
0.16%
55,214,852
3.31%
1,608,836,048
634,140,900
28,300
0.00%
1,500,000
0.24%
8,480,542
1.34%
624,335,058
0
0
0.00%
0.00%
0
0.00%
0
223,984,000
0
0.00%
300,000
0.13%
7,347,624
3.28%
216,415,376
CORCORAN
CRYSTAL
DAYTON
EDINA
EXCELSIOR
FORT SNELLING
GOLDEN VALLEY
HANOVER
HOPKINS
INDEPENDENCE
INTERNATL AIRPORT
LONG LAKE
LORETTO
20,231,261
3.87%
500,172,439
58,118,100
0
0.00%
150,000
0.26%
3,816,210
6.57%
54,151,890
7,991,500,100
15,000
0.00%
16,458,900
0.21%
277,212,044
3.47%
7,701,649,356
162,239,400
30,000
0.02%
300,000
0.18%
8,710,876
5.37%
153,300,524
77,712,400
0
0.00%
0
0.00%
228,270
0.29%
77,484,130
1,486,187,100
14,200
0.00%
459,100
0.03%
9,159,057
0.62%
1,476,554,743
MINNEAPOLIS
39,381,782,800
5,906,680
0.01%
71,700,000
0.18%
1,275,702,129
3.24%
38,050,510,691
MINNETONKA
8,429,539,700
424,200
0.01%
15,300,000
0.18%
173,355,752
2.06%
8,242,329,248
293,096,300
20,000
0.01%
0
0.00%
209,232
0.07%
292,867,068
MINNETRISTA
1,329,297,800
22,800
0.00%
1,350,000
0.10%
13,300,951
1.00%
1,314,777,049
MOUND
1,077,573,000
111,500
0.01%
4,350,000
0.40%
48,038,842
4.46%
1,026,126,658
NEW HOPE
1,520,994,100
4,700
0.00%
6,780,000
0.45%
98,240,093
6.46%
1,418,097,307
ORONO
2,545,477,000
48,900
0.00%
2,100,000
0.08%
13,835,542
0.54%
2,529,798,558
OSSEO
212,023,600
6,200
0.00%
750,000
0.35%
14,341,668
6.76%
197,133,732
MAPLE GROVE
MAPLE PLAIN
MEDICINE LAKE
MEDINA
MINNETONKA BEAC
PLYMOUTH
9,934,987,400
90,400
0.00%
18,081,100
0.18%
232,296,749
2.34%
9,686,865,451
RICHFIELD
2,856,207,500
174,600
0.01%
14,006,300
0.49%
190,731,614
6.68%
2,655,522,986
880,171,900
0
0.00%
3,300,000
0.37%
93,420,152 10.61%
784,404,748
ROBBINSDALE
ROCKFORD
22,391,500
0
0.00%
0
0.00%
1,307,760
5.84%
21,083,740
ROGERS
1,631,512,500
0
0.00%
4,200,000
0.26%
47,700,461
2.92%
1,580,383,039
SHOREWOOD
1,534,292,200
61,500
0.00%
1,650,000
0.11%
13,026,060
0.85%
1,519,662,640
SPRING PARK
229,722,100
0
0.00%
300,000
0.13%
2,412,040
1.05%
227,176,060
ST ANTHONY
557,720,500
10,000
0.00%
2,100,000
0.38%
26,142,193
4.69%
529,594,307
ST BONIFACIUS
189,969,800
0
0.00%
450,000
0.24%
14,629,535
7.70%
174,938,265
ST LOUIS PARK
5,838,104,600
772,100
0.01%
9,750,000
0.17%
200,740,859
3.44%
5,628,678,241
522,583,800
16,200
0.00%
600,000
0.11%
2,868,470
0.55%
519,099,130
1,644,730,500
130,200
0.01%
900,000
0.05%
6,009,570
0.37%
1,637,710,730
284,556,000
20,000
0.01%
300,000
0.11%
258,220
0.09%
283,977,780
142,276,687,400
9,155,580
0.01%
302,113,950
4,517,822,713
3.18%
137,523,120,757
TONKA BAY
WAYZATA
WOODLAND
TOTAL HENNEPIN
Data as of: 4/6/2015
Page 34 of 55
0.21%
Report No. DK99SS93-A2
2015 HENNEPIN COUNTY NEW CONSTRUCTION* REPORT
MUNIC
( 20 ) BLOOMINGTON
PID COUNT
IMPROVEMENT AMOUNT (ALL PT'S)
1,126
$166,582,300
( 22 ) BROOKLYN CENTER
303
$9,391,100
( 48 ) BROOKLYN PARK
435
$97,728,900
( 50 ) CHAMPLIN
242
$11,731,500
52
$5,355,000
( 54 ) CRYSTAL
( 52 ) CORCORAN
280
$6,095,000
( 56 ) DAYTON
103
$16,490,500
( 59 ) DEEPHAVEN
83
$22,674,000
( 61 ) EDEN PRAIRIE
526
$125,781,900
( 24 ) EDINA
721
$155,632,500
41
$4,640,200
357
$35,466,000
( 65 ) GREENFIELD
46
$5,277,500
( 19 ) GREENWOOD
17
$3,202,000
( 63 ) EXCELSIOR
( 28 ) GOLDEN VALLEY
( 67 ) HANOVER
6
$200,000
171
$12,784,000
( 70 ) INDEPENDENCE
74
$6,576,500
( 72 ) LONG LAKE
16
$720,200
4
$55,000
( 30 ) HOPKINS
( 74 ) LORETTO
839
$125,492,600
( 77 ) MAPLE PLAIN
( 76 ) MAPLE GROVE
14
$572,000
( 79 ) MEDICINE LAKE
11
$1,048,000
( 80 ) MEDINA
257
$54,395,200
( 01 ) MINNEAPOLIS
3,430
$861,567,200
( 34 ) MINNETONKA
502
$66,676,400
23
$7,194,200
( 36 ) MINNETRISTA
( 82 ) MINNETONKA BEACH
207
$27,040,000
( 85 ) MOUND
160
$7,040,500
( 86 ) NEW HOPE
138
$5,036,500
( 38 ) ORONO
292
$34,069,600
27
$9,357,000
( 40 ) PLYMOUTH
( 88 ) OSSEO
1,356
$143,942,800
( 42 ) RICHFIELD
575
$16,986,600
( 44 ) ROBBINSDALE
151
$3,618,000
1
$2,000
( 92 ) ROGERS
206
$43,495,000
( 26 ) SHOREWOOD
135
$14,470,000
( 17 ) SPRING PARK
19
$1,189,000
( 94 ) ST ANTHONY
73
$1,000,500
( 95 ) ST BONIFACIUS
8
$217,400
( 46 ) ST LOUIS PARK
634
$96,353,700
16
$2,194,000
132
$83,335,000
15
$2,836,000
( 90 ) ROCKFORD
( 97 ) TONKA BAY
( 99 ) WAYZATA
( 15 ) WOODLAND
HENNEPIN TOTALS
13,824
$2,295,513,300
* Improvement Amounts are for value added due to physical change in the calendar year preceeding the Assessment Year.
Run Date: 4/6/2015
Page 35 of 55
Page 1 of 1
$1,931,930,200
Apartment
$45,028,481,200
Total
$87,925,523,800
$16,800,000
$62,348,764,000
$112,995,700
$8,664,399,100
$3,776,507,100
$13,006,057,900
EMV Bldg
$0
$197,395,500
$0
$0
$0
$0
$197,395,500
EMV Mach
$133,151,400,500
$53,641,200
$95,005,105,100
$689,116,700
$10,596,329,300
$6,762,644,500
$20,044,563,700
EMV Total
Total
Other
Residential
Farm
Apartment
Industrial
Commercial
Property Type
Farm
0.47%
$46,567,438,680
$36,854,100
$33,890,029,300
$548,767,300
$2,077,689,280
$2,734,013,200
$7,280,085,500
EMV Land
Apartment
8.95%
$95,618,200,220
$15,716,400
$66,329,119,700
$121,661,900
$10,653,596,920
$3,888,097,800
$14,610,007,500
EMV Bldg
Industrial
4.67%
$0
$19,981,900
$0
$0
$0
$0
$19,981,900
EMV Mach
$142,205,620,800
$52,570,500
$100,219,149,000
$670,429,200
$12,731,286,200
$6,642,092,900
$21,890,093,000
EMV Total
Commercial
15.39%
Other
0.04%
Page 36 of 55
*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.
$36,841,200
$32,656,341,100
Other
Residential
$576,121,000
$2,788,741,900
Industrial
Farm
$7,038,505,800
EMV Land
Apartment
7.96%
Industrial
5.08%
Commercial
15.05%
Other
0.04%
Residential
70.47%
Run Date: 3/17/2015
Run Date: 12/3/2014
Commercial
Property Type
Farm
0.52%
Residential
71.35%
2015 Assessment
2014 Assessment
Hennepin County Estimated Market Value
$1,930,825,285
Apartment
$43,754,537,889
Total
$84,356,589,729
$16,800,000
$58,788,208,811
$108,624,934
$8,660,390,984
$3,776,507,100
$13,006,057,900
TMV Bldg
$0
$197,395,500
$0
$0
$0
$0
$197,395,500
TMV Mach
Industrial
5.28%
$128,111,127,618
$53,641,200
$89,977,117,888
$681,944,061
$10,591,216,269
$6,762,644,500
$20,044,563,700
TMV Total
Commercial
15.65%
Other
0.04%
Total
Other
Residential
Farm
Apartment
Industrial
Commercial
Property Type
Farm
0.48%
$45,216,539,367
$36,854,100
$32,522,743,560
$546,093,938
$2,076,767,169
$2,753,995,100
$7,280,085,500
TMV Land
$92,236,860,985
$15,716,400
$62,955,903,415
$117,463,326
$10,649,672,544
$3,888,097,800
$14,610,007,500
TMV Bldg
Apartment
9.26%
Residential
69.46%
Run Date: 3/17/2015
Other
0.04%
$0
$19,981,900
$0
$0
$0
$0
$137,453,400,352
$52,570,500
$95,478,646,975
$663,557,264
$12,726,439,713
$6,642,092,900
$21,890,093,000
TMV Total
Commercial
15.93%
$19,981,900
TMV Mach
Industrial
4.83%
2015 Assessment
Page 37 of 55
*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.
$36,841,200
$31,188,909,077
Other
Residential
$573,319,127
$2,986,137,400
Industrial
Farm
$7,038,505,800
TMV Land
Apartment
8.27%
Commercial
Property Type
Farm
0.53%
Residential
70.23%
Run Date: 12/3/2014
2014 Assessment
Hennepin County Taxable Market Value
$127,069,845
Apartment
$1,589,131,623
Total
100.00%
0.04%
58.38%
0.35%
8.00%
8.39%
24.85%
Percentage
Apartment
8.00%
Industrial
8.39%
Total
Other
Residential
Farm
Apartment
Industrial
Commercial
Property Type
Residential
57.73%
$1,707,541,700
$694,985
$985,846,978
$5,438,285
$152,964,013
$130,890,685
$431,706,754
Tax Capacity
Farm
0.32%
Other
0.04%
100.00%
0.04%
57.73%
0.32%
8.96%
7.67%
25.28%
Percentage
Apartment
8.96%
Industrial
7.67%
Commercial
25.28%
Page 38 of 55
*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.
$709,395
$927,719,653
Other
Residential
$5,546,968
$133,255,556
Industrial
Farm
$394,830,206
Tax Capacity
Farm
0.35%
Commercial
Property Type
Residential
58.38%
Commercial
24.85%
Run Date: 3/17/2015
Run Date: 12/3/2014
Other
0.04%
2015 Assessment
2014 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
52.20%
Farm
0.25%
Industrial
10.15%
County Total Net Taxes
$808,027,259
$272,809,904
$195,734,052
$6,730,456
$1,402,904,901
$1,118,426
$2,687,324,998
Apartment
7.28%
Percent
30.07%
10.15%
7.28%
0.25%
52.20%
0.04%
100.00%
Commercial
30.07%
Page 39 of 55
*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: 3/17/2015
Run Date: 12/3/2014
Other
0.05%
2015 Net Taxes
2014 Net Taxes
Hennepin County Net Tax Dollars by Property Type
2006
18.63%
6.11%
74.77%
0.45%
0.04%
2006
30.18%
6.10%
63.34%
0.33%
0.05%
Property Type Grouping
Commercial & Industrial
Apartment
Residential
Farm
Other
Property Type Grouping
Commercial & Industrial
Apartment
Residential
Farm
Other
2007
31.34%
5.84%
62.43%
0.35%
0.04%
2007
19.47%
5.91%
74.10%
0.48%
0.04%
2007
19.18%
5.82%
74.36%
0.60%
0.04%
2009
20.43%
6.12%
72.86%
0.55%
0.04%
2010
20.29%
6.17%
72.97%
0.52%
0.04%
2008
32.86%
5.80%
60.91%
0.39%
0.04%
2008
20.61%
5.93%
72.88%
0.54%
0.04%
2010
20.33%
6.18%
72.92%
0.53%
0.04%
2009
32.65%
5.98%
60.93%
0.39%
0.05%
2010
32.49%
6.04%
61.05%
0.37%
0.05%
Tax Capacity
2009
20.47%
6.13%
72.81%
0.55%
0.04%
Taxable Market Value
2008
20.52%
5.90%
72.94%
0.60%
0.04%
2011
32.45%
6.27%
60.87%
0.37%
0.05%
2011
20.28%
6.40%
72.74%
0.53%
0.05%
2011
20.24%
6.39%
72.80%
0.53%
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%
Page 40 of 55
2015 Data as of: 3/17/2015
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.
2006
18.02%
5.92%
75.42%
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
2015 Assessment
Run Date: 3/17/2015
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
15.39%
15.93%
25.28%
$21,890,093,000
$21,890,093,000
4.67%
4.83%
7.67%
$6,642,092,900
$6,642,092,900
$130,890,685
8.95%
9.26%
8.96%
$12,731,286,200
$12,726,439,713
$152,964,013
70.47%
69.46%
57.73%
$100,219,149,000
$95,478,646,975
$985,846,978
0.47%
0.48%
0.32%
$670,429,200
$663,557,264
$5,438,285
0.04%
0.04%
0.04%
$52,570,500
$52,570,500
$694,985
100.00%
100.00%
100.00%
$142,205,620,800
$137,453,400,352
$1,707,541,700
$431,706,754
*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 41 of 55
6.491%
Mpls. Diff. % (Excl. Value)
2.065%
$789,762,995
$37,464,486,605
4.25%
$38,254,249,600
1.306%
$1,420,377,500
$107,300,146,800
6.20%
$108,720,524,300
1.504%
$2,210,140,495
$144,764,633,405
5.69%
$146,974,773,900
2007
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%
$133,151,400,500
2014
Page 42 of 55
2015
3.376%
$1,331,465,114
$38,106,577,586
9.69%
$39,438,042,700
3.329%
$3,420,755,334
$99,346,822,766
5.90%
$102,767,578,100
3.342%
$4,752,220,448
$137,453,400,352
6.80%
$142,205,620,800
*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.
$2,381,934,395
$34,313,020,105
6.67%
Mpls. Diff. $ (Excl. Value)
Minneapolis TMV
Minneapolis EMV Growth
$36,694,954,500
2.078%
Sub. Diff. % (Excl. Value)
Minneapolis EMV
$2,127,358,400
$100,242,997,700
9.58%
Sub. Diff. $ (Excl. Value)
Suburban TMV
Suburban EMV Growth
$102,370,356,100
3.243%
Henn. Diff. % (Excl. Value)
Suburban EMV
$4,509,292,795
$134,556,017,805
8.80%
$139,065,310,600
Henn. Diff. $ (Excl. Value)
Hennepin TMV
Hennepin EMV Growth
Hennepin EMV
2006
2015 Assessment Run Date: 3/17/2015
EMV, TMV & Excluded Value Growth
2006 - 2015 Assessment
Hennepin County Excluded Market Value
(i.e. LMV, HMVE, Veterans Exclusion, & TOH)
2006 - 2015 Assessment
2015 Assessment Run Date: 3/17/2015
Hennepin County Assessed Values
Billions
$160
Estimated
Market
Value
$140
Taxable
Market
Value
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
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
$139,065,310,600 $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 $142,205,620,800
Hennepin EMV
Hennepin TMV
$134,556,017,805 $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 $137,453,400,352
Henn. Diff. $ (Excl. Value)
$4,509,292,795
$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
$4,752,220,448
Henn. Diff. % (Excl. Value)
3.243%
1.504%
0.558%
0.191%
0.198%
4.186%
4.503%
4.454%
3.739%
3.342%
*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 43 of 55
Estimated Market Values By Property Type
2014 & 2015 Assessments
Billions
$150
2014 Assessment
2015 Assessment
Estimated Market Value
$125
$100
$75
$50
$25
$0
Property Type
Property Type
Commercial
Industrial
Apartment
Residential
Farm
Other
Total
Run Date: 12/3/2014
Run Date: 3/17/2015
2014 Assessment
EMV County Total
$20,044,563,700
$6,762,644,500
$10,596,329,300
$95,005,105,100
$689,116,700
$53,641,200
$133,151,400,500
2015 Assessment
EMV County Total
$21,890,093,000
$6,642,092,900
$12,731,286,200
$100,219,149,000
$670,429,200
$52,570,500
$142,205,620,800
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Building
andMachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthe
currentassessmentuntilmid‐summer.
Page 44 of 55
Taxable Market Values
By Property Type
2014 & 2015 Assessments
Billions
$140
2014 Assessment
$120
2015 Assessment
Taxable Market Value
$100
$80
$60
$40
$20
$0
Property Type
Property Type
Commercial
Industrial
Apartment
Residential
Farm
Other
Total
Run Date: 12/3/2014
Run Date: 3/17/2015
2014 Assessment
TMV County Total
$20,044,563,700
$6,762,644,500
$10,591,216,269
$89,977,117,888
$681,944,061
$53,641,200
$128,111,127,618
2015 Assessment
TMV County Total
$21,890,093,000
$6,642,092,900
$12,726,439,713
$95,478,646,975
$663,557,264
$52,570,500
$137,453,400,352
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Building
andMachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthe
currentassessmentuntilmid‐summer.
Page 45 of 55
Tax Capacity By Property Type
2014 & 2015 Assessments
Millions
$1,600
$1,400
2014 Assessment
$1,200
2015 Assessment
Tax Capacity
$1,000
$800
$600
$400
$200
$0
Property Type
Property Type
Commercial
Industrial
Apartment
Residential
Farm
Other
Total
Run Date: 12/3/2014
Run Date: 3/17/2015
2014 Assessment
TC County Total
$394,830,206
$133,255,556
$127,069,845
$927,719,653
$5,546,968
$709,395
$1,589,131,623
2015 Assessment
TC County Total
$431,706,754
$130,890,685
$152,964,013
$985,846,978
$5,438,285
$694,985
$1,707,541,700
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Buildingand
MachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthecurrent
assessmentuntilmid‐summer.
Page 46 of 55
Tax Capacity Distribution
2015 Assessment
Run Date: 3/17/2015
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
$431,706,754
$130,890,685
$152,964,013
$985,846,978
$5,438,285
$694,985
$1,707,541,700
Suburban
$285,175,410
$111,358,014
$80,952,344
$741,530,397
$5,420,924
$437,002
$1,224,874,091
Minneapolis
$146,531,344
$19,532,671
$72,011,669
$244,316,581
$17,361
$257,983
$482,667,609
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),Buildingand
MachineryValuesareassessedbytheMinnesotaDepartmentofRevenueandthesevaluesaretypicallynotavailableforthecurrent
assessmentuntilmid‐summer.
Page 47 of 55
Hennepin County Net Tax Percent by Property Type
2015 Net Taxes
Run Date: 12/3/2014
100%
90%
80%
Commercial
70%
Industrial
Net Tax Percentage
Apartment
60%
Residential
Farm
50%
Other
Total
40%
70.18%
63.43%
99.64%
72.74%
53.53%
79.72%
66.32%
29.82%
36.57%
0.36%
27.26%
20.28%
10%
33.68%
20%
46.47%
30%
0%
Minneapolis
Property Type by Area
Suburban
Property Type
Minneapolis
Commercial
$272,134,186
33.68%
$535,893,073
66.32%
$808,027,259
$55,323,078
20.28%
$217,486,826
79.72%
$272,809,904
Apartment
$90,962,342
46.47%
$104,771,710
53.53%
$195,734,052
Residential
$382,399,537
27.26%
$1,020,505,365
72.74%
$1,402,904,901
$6,730,456
Industrial
Suburban
Hennepin Totals
Farm
$24,426
0.36%
$6,706,030
99.64%
Other
$408,967
36.57%
$709,459
63.43%
$1,118,426
Total
$801,252,536
29.82%
$1,886,072,462
70.18%
$2,687,324,998
*ForUtilityProperties(PropertyType'U'‐whichforthisreportisincludedwiththeIndustrialpropertytypecategory),BuildingandMachineryValuesareassessedbytheMinnesotaDepartmentofRevenueand
thesevaluesaretypicallynotavailableforthecurrentassessmentuntilmid‐summer.
Page 48 of 55
10
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)
104
1,131
45
611
32
45˚ - 00'
93˚ - 15'
rs
Ma
h
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
Facts about Hennepin County
H
Page 49 of 55
9
8
7
Little
1
563
28
Minneapolis
48
680
1852
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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.
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Upland
January 2013
Fran
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Hennepin County, Minnesota
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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
H8
H4
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
ay
tw
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
Page 50 of 55
page 1 of 2
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 51 of 55
page 2 of 2
Last modified: 06-17-14
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 may be filed
electronically through the Minnesota Department of Revenue’s web portal
and are being 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.
Page 52 of 55
Last modified: 06-17-14
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:
The Market Conditions Adjusted Prices (MCAP) ratios are a measure by which
sale prices are adjusted for differences in the market conditions at 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.
Page 53 of 55
Last modified: 06-17-14
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.
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. These improvements are not
eligible for limited market value.
Page 54 of 55
Last modified: 06-17-14
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 serviceconnected 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 55 of 55