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Anoka County City of LinoLakes
<br />Market Values
<br />After thorough studies of the sales in the market place are conducted, we establish the
<br />assessed value of all real property. During the 2006 study period, we recorded 8,256
<br />sales countywide (down 18% from the 2005 study period), of which we considered 4,563
<br />"arms- length" sales.
<br />In accordance with the results of these sales studies, certain areas of the city and certain
<br />styles and grades of homes may have been adjusted in value, either lower or higher than
<br />the previous year's value. This will more properly reflect current market trends.
<br />The 2007 assessment that is up for your review has a total unaudited assessed value of
<br />$2,058,730,700, excluding exempt, forfeit, utility, manufactured homes and personal
<br />property. It reflects an approximate valuation increase of 4.6% over the 2006
<br />assessment.
<br />The pattern of growth (including new construction) in the City's total value can be seen in
<br />the following list and chart:
<br />Growth in Property Values
<br />2004-2007
<br />(Total does not include manufactured homes, personal property, utilities, exempt, or forfeit)
<br />Year Residential Commercial Agricultural Apartment Total % Chg
<br />Industrial
<br />2007 $1,797,691,400 $185,403,200 $70,192,600 $5,443,500 $2,058,730,700 4.6%
<br />2006 $1,733,553,000 $167,297,500 $61,414,200 $5,352,000 $1,967,616,700 5.5%
<br />2005 $1,626,502,100 $149,418,900 $83,958,800 $5,058,300 $1,864,938,100 13.9%
<br />2004 $1,426,776,000 $123,115,600 $82,026,700 $4,863,000 $1,636,781,300 NA
<br />Total Market Value
<br />$2,000,000,000
<br />$1,500,000,000
<br />$1,000,000,000
<br />$500,000,000
<br />$0
<br />2007 2006 2005
<br />Assessment Year
<br />Residential u Commercial Industrial
<br />2004
<br />Residential indudes all property dassified Residential, Agricultural and Apartment. Commercial Industrial indudes all property
<br />dassified Commercial, Industrial and Manufactured Horne Park.
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