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04-07-14 Council Packet
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04-07-14 Council Packet
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8/29/2014 8:58:35 AM
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4/7/2014 4:27:38 PM
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City Council
Council Document Type
Council Packet
Meeting Date
04/07/2014
Council Meeting Type
Work Session Regular
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Anoka County City of Lino Lakes <br />Market Value Effect of New Improvements <br />The next example is a more detailed breakdown of changes for the 2014 assessment as compared to <br />the 2013 assessment. The chart first shows the change in value and percentage of change when not <br />including value added for new improvements; it then shows the change in value including new <br />improvement values. As you can see, the overall increase in value before adjusting for new <br />construction is 9.9%. When new construction was accounted for, the overall increase changed to <br />10.7%. <br /> <br />(Total does not include manufactured homes, personal property, utilities, exempt or taxes forfeit property values.) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2014 Percent of 2014 Percent of <br />2013 Estimated Change Estimated Change <br />Total Market Value 2013 to 2014 2014 Market Value 2013 to 2014 <br />Estimated Not Including Not Including New Including Including <br />Property Market New Improvement New Improvement Improvement New Improvement New Improvement <br />Type Value Value Value Value Value Value <br />Residential $1,478,809,900 $1,637,399,100 9.7%$10,577,700 $1,647,976,800 10.3% <br />Commercial <br />Industrial $129,004,800 $129,550,200 0.4%$3,081,200 $132,631,400 2.7% <br />Total $1,607,814,700 $1,766,949,300 9.9%$13,658,900 $1,780,608,200 10.7% <br />14 <br />
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