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04/04/2011 Council Packet
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04/04/2011 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
04/04/2011
Council Meeting Type
Work Session Regular
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Anoka County City of Lino Lakes <br />Market Value Distribution by Property Type <br />The charts below illustrate the relative distribution of estimated market value between residential properties <br />(79.4 %), commercial & industrial properties (8.2 %), agricultural, apartment & manufactured home properties <br />(3.8 %), and exempt, personal property, tax forfeit & utility properties (8.7%). The changing complexion of the city <br />has been reflected in how the distribution of parcel counts and values have changed over the years. Residential <br />and commercial properties had seen steady growth until the recent downturn in the real estate market, whereas <br />the number of agricultural properties has steadily decreased as development has occurred. <br />Es mated Percent of <br />Property Type Market Total Es mated <br />Value Market Value <br />Residen al $1,513,812,800 79.4% <br />Commercial Industrial $155,488,900 8.2% <br />Agricultural, Apartment, Manufactured Home $71,694,800 3.8% <br />Exempt, Personal Property, Tax Forfeit, U lity $166,525,700 8.7% <br />Total Es mated Market Value $1,907,522,200 100.0% <br />Es mated Market Value Distribu on by Property Type <br />Residen al <br />79% <br />Page 15 <br />Commercial <br />Industrial <br />8% <br />Agricultural <br />Apartment <br />Manufactured Home <br />4% <br />Exempt <br />Personal Property <br />Tax Forfeit <br />U lity <br />9% <br />
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