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04-28-14 Council Packet
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04-28-14 Council Packet
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10/27/2014 12:33:14 PM
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10/20/2014 11:49:17 AM
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City Council
Council Document Type
Council Packet
Meeting Date
04/28/2014
Council Meeting Type
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 />2014 <br />2013 Estimated <br />Total Market Value <br />Estimated Not Including <br />Property Market New Improvement <br />Type Value Value <br />Residential $1,478,809,900 <br />Commercial <br />Industrial <br />$129,004,800 <br />Total $1,607,814,700 <br />$1,637,399,100 <br />$129,550,200 <br />$1,766,949,300 <br />Percent of <br />Change <br />2013 to 2014 <br />Not Including <br />New Improvement <br />Value <br />9.7% <br />0.4% <br />9.9% <br />2014 <br />New <br />Improvement <br />Value <br />$10,577,700 <br />$3,081,200 <br />$13,658,900 <br />2014 <br />Estimated <br />Market Value <br />Including <br />New Improvement <br />Value <br />$1,647,976,800 <br />$132,631,400 <br />$1,780,608,200 <br />Percent of <br />Change <br />2013 to 2014 <br />Including <br />New Improvement <br />Value <br />(Total does not include manufactured homes, personal property, utilities, exempt or taxes forfeit property values.) <br />14 <br />
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