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09.e3 Assessment Report_2022- COMPLETE ASSESSMENT REPORT 2022 This report includes specific information regarding the 2022 assessment, as well as general information about both the appeals and assessment processes. TABLE OF CONTENTS Introduction ............................................................................................................................................ 3 Sales Analysis Section .......................................................................................................................... 4 Sales Analysis ..................................................................................................................................... 4 Sales Statistics Defined.................................................................................................................... 4 Arm’s-Length Transactions ........................................................................................................... 6 Residential Lender-Mediated Sales ............................................................................................ 8 County Sales Statistics by Classification ay2018-ay2022 ................................................. 10 Residential Sales Statistics........................................................................................................... 11 Historic Average Sale Prices: Single Family & Townhome/Condo ............................... 12 Past & Current Year Adjustments/Parcel Count Section ...................................................... 13 Agricultural Class Summary: Current Year Adjustments ................................................. 13 Agricultural Class: Past & Current Year Adjustments ................................................... 14 Agricultural Class: Parcel Counts.......................................................................................... 15 Apartment Class Summary: Current Year Adjustments ................................................... 16 Apartment Class: Past & Current Year Adjustments ...................................................... 17 Apartment Class: Parcel Counts ............................................................................................ 18 Commercial/Industrial Class Summary: Current Year Adjustments ........................... 19 Commercial/Industrial Class: Past & Current Year Adjustments ............................. 20 Commercial/Industrial Class: Parcel Counts.................................................................... 21 Residential/SRR Class Summary: Current Year Adjustments ........................................ 22 Residential/SRR Class: Past & Current Year Adjustments........................................... 23 Residential/SRR Class: Parcel Counts ................................................................................. 24 Total Taxable Class Summary: Current Year Adjustments.............................................. 25 Total Taxable Class: Past & Current Year Adjustments ................................................ 26 Total Taxable Class: Parcel Counts ...................................................................................... 27 Residential/SRR Class: Current Year Value Changes ..................................................... 28 Market Value Section ......................................................................................................................... 29 Distribution of Market Value by Classification ..................................................................... 29 Median Values .................................................................................................................................. 30 Historical Median Residential Improved Value: Residential/SRR ........................... 30 Historical Median Residential Improved Value: Townhomes/Condos ................... 31 Historical Median Residential Improved Value: Single Family .................................. 32 Single Family and Townhome/Condo breakdown .......................................................... 33 Historical County Median Residential Improved Value ................................................ 33 Other Assessment Related Information ...................................................................................... 34 New Construction ............................................................................................................................ 34 Current New Construction Starts: All Classifications .................................................... 34 Past & Current New Construction Starts: Single Family and Townhome/Condo 35 Historical New Construction Summary: All Classifications ......................................... 36 Appraiser Activity: Permit & Quintile Review Counts ...................................................... 37 Appraiser Activity: Tax Petition Related ............................................................................... 38 Tax Petitions: Number of Petitions Filed for Payable Years 2017-2021 ................ 39 Tax Petitions: Value Under Petitions for Payable Years 2017-2021 ....................... 39 Assessment Process: Statutory Requirements .................................................................... 40 Explaining the Appeals Process ................................................................................................. 42 Assessment Calendar ..................................................................................................................... 44 Local Board & Open Book Meeting Schedule ......................................................................... 47 3 | Page INTRODUCTION The Washington County Assessor Division has prepared this 2022 Assessment Report for use by the County Board, City Councils, Town Boards, residents, and staff. This report includes specific information regarding the 2022 assessment, as well as general information about both the appeals and assessment process. Minnesota statutes establish specific requirements for the assessment of property. The law requires that all real property be valued at market value, which is defined as the usual or most likely selling price as of the January 2nd assessment date. The estimated market values established through the 2022 assessment are based upon actual real estate market trends of Washington County properties from October 1, 2020 through September 30, 2021. From these trends, our mass appraisal system is used to determine individual property values. Detailed discussion of the sales analysis can be found in the “Sales Analysis” section of this report. The summaries breaking down the adjustments made in each community, by property use, can be found in the “Past and Present Adjustments” section of this report. Property owners who have questions or concerns regarding the market value that has been established for their property are encouraged to contact the property appraiser responsible for their area. In most cases, an interior inspection of the property will be necessary. For detailed discussion regarding the appeals period, please refer to the section of this report titled “Other Assessment Related Information.” Bruce L. Munneke, S.A.M.A. Washington County Assessor 4 | Page SALES ANALYSIS SECTION Sales Analysis The assessment function is governed by Minnesota State statute. The law requires that all real property be valued at market value, which is defined as the usual or most likely selling price as of the assessment date of January 2nd of each year. Assessors are historians and measure the market based on sales which have occurred previous to the assessment date. Assessors do not create the value or predict what the market will do; rather, the assessor’s job is to follow the patterns set by the real estate market. Information on the sales of real estate is of paramount importance to the assessors in a market-based property tax system. Sales information is required to be submitted electronically using the program developed by the Minnesota Department of Revenue. This program is known as the Electronic Certificate of Real Estate Value (eCRV). The Department of Revenue requires all County Assessors to utilize a specified time period for sales analysis. This time period of 12 months is from October 1st through September 30th preceding the assessment date. Sales within this time period will be used to determine the changes in assessed value that may be needed in each community for the impending assessment. For example, the sales that occurred between October 1, 2020 and September 30, 2021 are used to establish the January 2, 2022 assessed values. The assessor’s office is charged with setting estimated market values for tax purposes at actual market value. The relationship between sales prices to estimated market value is called the sales ratio. The target median ratio range is set by the assessor’s office for all Washington County communities (for all classes of property); the range established for the 2022 assessment is 93%-95%. We make every effort to make certain that each municipality in Washington County falls within this range. In this way, we ensure an equitable distribution of the property tax burden for all Washington County taxpayers. Sales Statistics Defined In addition to the median ratio, we have the ability to measure other statistics to test the accuracy of the assessment. Some of these are also used at the state level. The primary statistics used are: Median Ratio This is a measure of central tendency. The median of a sample is the value for which one-half (50%) of the observations (when stratified) will lie above that value and one-half will lie below that value. The median is not susceptible to extreme observations referred to as outliers. We use this ratio, much like the mean, not only to measure our assessment level, but also to analyze property values by municipality, type of dwelling and value range. These 5 | Page studies enable us to track market trends in neighborhoods, popular housing types and classes of property. Within the county, we strive to achieve a ratio within the 93%-95% range for the median and mean. This allows us a margin to account for a fluctuating market and still maintain ratios within state mandated guidelines. Arithmetic Mean Ratio The mean is the average ratio. Unlike the median, the mean is influenced by outliers. We use this ratio not only to measure our assessment level, but also to analyze property values by municipality, type of dwelling and value range. These studies enable us to track market trends in neighborhoods, popular housing types and classes of property. Coefficient of Dispersion (COD) The COD is used to measure the accuracy of the assessment. The COD indicates the spread of the ratios from the mean or median ratio. The goal of a good assessment is a COD of 10 to 20. A COD under 10 is considered excellent and anything over 20 will result in an assessment review by the Department of Revenue. Price-Related Differential (PRD) The PRD is used to measure value related inequities in the assessment, referred to as regressively or progressivity. Appraised values are regressive if high value properties are under appraised relative to low value properties and progressive if high value properties are over appraised relative to the low value properties. The PRD is found by taking the mean (average) ratio of the sample and dividing by the weighted (aggregate) mean ratio. The acceptable range is .98 to 1.03. 6 | Page Arm’s-Length Transactions The Department of Revenue requires all County Assessors to utilize a specified time period in their sales analysis. This time period is 12 months from October 1st through September 30th, preceding the assessment date. Sales within this time period will be used to determine the changes in the prior years assessed value in each community for the impending assessment. The sales that occur within this October 1st through September 30th time period, each year, are closely scrutinized by the appraisers within the Assessor Division. Evidence suggesting a forced sale, foreclosure, a sale to a relative, or anything other than an arm’s-length transaction requires the sales to be disqualified from the sales study. This is important, because the real estate sales information constitutes the statistical basis for determining the annual adjustments that are made to the valuation models. An arm’s-length transaction is any transaction in which buyers and sellers of a product act independently and have no relationship to each other. The concept of an arm's-length transaction is to ensure that both parties in the deal are acting in their own self-interest and are not subject to any pressure or duress from the other party. The following graphs and charts show the number of arm’s-length transactions that occurred within each sales period. Sales Period 10/1/16-9/30/17 10/1/17-9/30/18 10/1/18-9/30/19 10/1/19-9/30/20 10/1/20-9/30/21 ay2018 ay2019 ay2020 ay2021 ay2022 Apartment 8 13 12 10 10 Commercial 39 37 51 49 61 Residential 3,963 3,907 4,103 4,004 4,341 Single Family 2,603 2,648 2,873 2,719 2,996 Townhome/Condo 1,360 1,259 1,230 1,285 1,345 TOTAL 4,010 3,957 4,166 4,063 4,412 7 | Page Residential/SRR (Seasonal Rec) sales count ay2018-ay2022 Sales Period 10/1/16-9/30/17 10/1/17-9/30/18 10/1/18-9/30/19 10/1/19-9/30/20 10/1/20-9/30/21 Difference from Previous Year ay2018 ay2019 ay2020 ay2021 ay2022 Afton 31 35 39 36 34 -2 Bayport 36 29 42 31 50 19 Baytown 25 26 23 23 20 -3 Birchwood 11 9 20 12 12 0 Cottage Grove 550 513 577 527 585 58 Dellwood 15 15 12 12 18 6 Denmark 19 12 8 15 10 -5 Forest Lake 313 254 268 267 290 23 Grant 46 43 50 45 51 6 Grey Cloud 3 2 5 4 3 -1 Hastings 0 0 0 0 0 0 Hugo 369 348 337 323 316 -7 Lake Elmo 114 105 162 166 172 6 Lake St. Croix 18 12 13 17 12 -5 Lakeland 24 25 19 22 25 3 Lakeland Shores 1 2 6 1 3 2 Landfall 0 0 0 0 0 0 Mahtomedi 104 107 116 113 117 4 Marine 12 14 17 15 14 -1 May 26 40 30 36 30 -6 Newport 34 37 46 43 48 5 Oak Park Hgts 59 65 53 69 55 -14 Oakdale 438 452 439 391 404 13 Pine Springs 4 6 4 5 4 -1 St. Mary's Point 5 2 2 6 5 -1 St. Paul Park 51 84 72 62 84 22 Scandia 38 43 45 52 69 17 Stillwater 306 320 343 344 363 19 Stillwater Twp 18 16 17 14 22 8 West Lakeland 44 32 38 41 44 3 White Bear Lake 2 4 1 2 4 2 Willernie 7 8 6 13 12 -1 Woodbury 1,240 1,247 1,293 1,297 1,465 168 COUNTY 3,963 3,907 4,103 4,004 4,341 337 8 | Page Residential Lender-Mediated Sales Foreclosures Properties in which the financial institution has repossessed the home from the owner due to non-payment of mortgage obligations. Short Sales Unique arrangements where the financial institution and in-default home owner work together in an attempt to sell the home before it is foreclosed upon. In both situations, lenders are highly motivated “sellers”, which can result in discounted asking prices as they attempt to move the assets quickly from the balance sheets. Lender mediated sales are not used in the sales study. 3,963 3,907 4,103 4,004 4,341 236 179 91 54 22 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 ay2018 ay2019 ay2020 ay2021 ay2022 Comparison of Arm's-Length & Lender-Mediated Sales ay18 -ay22 Arm's-Length Sales Lender-Mediated Sales 9 | Page Residential Lender Mediated sales count ay2018-ay2022 Sales Period 10/1/16-9/30/17 10/1/17-9/30/18 10/1/18-9/30/19 10/1/19-9/30/20 10/1/20-9/30/21 ay2018 ay2019 ay2020 ay2021 ay2022 Afton 1 2 3 0 0 Bayport 3 1 1 2 1 Baytown 0 1 0 0 0 Birchwood 1 2 0 0 0 Cottage Grove 37 23 18 9 2 Dellwood 1 2 0 0 0 Denmark 1 1 0 0 0 Forest Lake 29 24 8 5 1 Grant 0 0 3 3 2 Grey Cloud 1 1 2 0 0 Hastings 0 0 0 0 0 Hugo 14 12 4 2 2 Lake Elmo 6 3 2 2 0 Lake St. Croix 1 1 1 0 1 Lakeland 2 3 1 0 0 Lakeland Shores 0 0 0 0 0 Landfall 0 0 0 0 0 Mahtomedi 6 9 3 2 0 Marine 0 0 0 0 0 May 1 1 1 1 0 Newport 7 3 4 2 0 Oak Park Hgts 1 5 0 0 0 Oakdale 41 22 9 8 6 Pine Springs 0 0 0 0 0 St. Mary's Point 0 2 0 0 0 St. Paul Park 15 8 8 3 2 Scandia 1 2 1 0 1 Stillwater 16 11 7 2 0 Stillwater Twp 0 3 0 1 1 West Lakeland 3 0 0 0 0 White Bear Lake 0 1 0 0 0 Willernie 0 2 0 0 0 Woodbury 48 34 15 12 3 COUNTY 236 179 91 54 22 10 | Page County Sales Statistics by Classification ay2018-ay2022 The statistics listed for each use (classification) below are measured after the annual adjustments are applied to each classification of each property. Apartment Sales Statistics (After Annual Adjustments) Commercial/Industrial Sales Statistics (After Annual Adjustments) Residential Sales Statistics (After Annual Adjustments) Sales Period 10/1/16-9/30/17 10/1/17-9/30/18 10/1/18-9/30/19 10/1/19-9/30/20 10/1/20-9/30/21 ay2018 ay2019 ay2020 ay2021 ay2022 Number of Sales 8 13 12 10 10 Median 99.1%95.7%94.3%94.9%94.5% Mean 98.9%94.6%96.3%103.0%92.0% COD 4.6 5.3 6.1 5.7 2.6 Sales Period 10/1/16-9/30/17 10/1/17-9/30/18 10/1/18-9/30/19 10/1/19-9/30/20 10/1/20-9/30/21 ay2018 ay2019 ay2020 ay2021 ay2022 Number of Sales 39 37 51 49 61 Median 95.3%96.8%95.7%95.5%99.5% Mean 96.5%98.5%99.4%93.8%101.9% COD 12.0 21.8 10.0 8.3 7.4 Sales Period 10/1/16-9/30/17 10/1/17-9/30/18 10/1/18-9/30/19 10/1/19-9/30/20 10/1/20-9/30/21 ay2018 ay2019 ay2020 ay2021 ay2022 Number of Sales 3,963 3,907 4,103 4,004 4,341 Median 94.9%95.6%95.2%93.6%93.8% Mean 94.3%96.0%95.7%94.1%94.2% COD 6.6 6.5 6.1 5.8 8.0 11 | Page Residential Sales Statistics The sales statistics (Number of Sales, Low Sale Price, and High Sale Price) are based on data collected from sales that occurred between October 1, 2020 and September 30, 2021. The remaining statistics are measured after the percent of change factor (local effort) is applied to the going-in ratio (previous year assessed value/sale price) in each community for the 2022 assessment. If there are 30 sales or less in a community, the median is the only statistic deemed reliable. # of Sales Median COD PRD Low Sale (no trend applied) High Sale (no trend applied) Afton 34 93.8%10.13 1.021 262,000$ 2,525,000$ Bayport 50 93.6%9.80 1.017 160,000$ 599,900$ Baytown 20 94.3%..370,000$ 1,563,500$ Birchwood 12 94.0%..230,000$ 1,800,000$ Cottage Grove 585 93.7%8.05 1.015 70,000$ 1,800,000$ Dellwood 18 93.6%..462,000$ 2,675,000$ Denmark 10 93.2%..385,000$ 965,000$ Forest Lake 290 93.7%7.67 1.011 117,000$ 2,050,000$ Grant 51 93.4%10.31 1.012 335,000$ 2,100,000$ Grey Cloud 3 80.8%..540,000$ 606,000$ Hastings 0 0.0%-$ -$ Hugo 316 93.9%4.94 1.004 154,628$ 899,000$ Lake Elmo 172 93.9%7.70 1.015 233,000$ 1,850,000$ Lake St. Croix 12 93.6%..199,820$ 1,200,000$ Lakeland 25 93.6%..225,000$ 3,500,000$ Lakeland Shores 3 84.2%..354,050$ 2,300,000$ Landfall 0 0.0%-$ -$ Mahtomedi 117 93.8%9.17 1.038 189,900$ 3,500,000$ Marine 14 93.6%..235,000$ 1,108,350$ May 30 93.5%12.59 1.018 292,400$ 2,010,000$ Newport 48 93.8%9.34 1.004 110,000$ 760,000$ Oak Park Hgts 55 93.7%8.51 1.002 96,000$ 550,000$ Oakdale 404 93.8%6.34 1.007 87,000$ 577,500$ Pine Springs 4 83.1%..570,000$ 707,000$ St. Mary's Point 5 79.9%..289,900$ 950,000$ St. Paul Park 84 93.7%6.95 1.006 140,000$ 380,000$ Scandia 69 93.4%12.35 1.025 195,000$ 1,400,000$ Stillwater 363 93.8%8.60 1.012 158,500$ 1,300,000$ Stillwater Twp 22 93.6%..300,000$ 3,291,000$ West Lakeland 44 93.6%9.57 1.008 315,000$ 2,287,500$ White Bear Lake 4 91.9%..363,000$ 415,000$ Willernie 12 93.3%..163,000$ 499,900$ Woodbury 1,465 93.7%6.08 1.006 102,000$ 1,500,000$ COUNTY 4,341 93.8%7.50 1.015 66,500$ 3,500,000$ 12 | Page Historic Average Sale Prices: Single Family & Townhome/Condo ay2018 ay2019 ay2020 ay2021 ay2022 Afton 485,300$ 555,200$ 576,600$ 604,345$ 722,300$ Bayport 312,900$ 423,100$ 355,800$ 350,999$ 361,000$ Baytown 615,100$ 603,200$ 657,000$ 687,415$ 754,000$ Birchwood 483,900$ 393,700$ 566,800$ 384,548$ 494,800$ Cottage Grove 252,800$ 266,400$ 282,100$ 303,060$ 344,300$ Dellwood 574,500$ 740,400$ 1,215,100$ 969,333$ 1,100,000$ Denmark 505,700$ 525,300$ 466,100$ 875,786$ 697,300$ Forest Lake 267,700$ 265,400$ 312,200$ 294,563$ 375,900$ Grant 498,500$ 619,500$ 634,900$ 673,901$ 672,700$ Grey Cloud 240,700$ 298,500$ 370,800$ 561,717$ 564,700$ Hastings -$ -$ -$ -$ -$ Hugo 249,600$ 254,300$ 277,300$ 300,311$ 449,900$ Lake Elmo 470,900$ 519,300$ 480,600$ 537,760$ 619,000$ Lake St. Croix 214,200$ 215,800$ 248,500$ 266,870$ 354,800$ Lakeland 288,400$ 444,600$ 334,900$ 414,202$ 571,200$ Lakeland Shores 313,000$ 650,000$ 356,400$ 1,625,000$ 1,004,700$ Landfall -$ -$ -$ -$ -$ Mahtomedi 385,400$ 407,900$ 421,400$ 409,456$ 527,900$ Marine 316,900$ 511,400$ 366,000$ 422,754$ 572,400$ May 544,400$ 474,500$ 587,800$ 597,749$ 691,800$ Newport 211,000$ 234,300$ 257,500$ 294,723$ 304,500$ Oak Park Hgts 230,400$ 229,800$ 244,500$ 247,558$ 284,700$ Oakdale 215,800$ 231,500$ 240,200$ 260,361$ 288,000$ Pine Springs 434,900$ 426,200$ 434,100$ 408,850$ 663,700$ St. Mary's Point 390,600$ 601,000$ 954,900$ 968,883$ 544,000$ St. Paul Park 195,100$ 210,700$ 230,400$ 234,443$ 267,000$ Scandia 354,600$ 387,200$ 376,200$ 448,700$ 499,100$ Stillwater 308,100$ 340,400$ 343,900$ 352,427$ 413,300$ Stillwater Twp 488,600$ 666,500$ 542,500$ 570,652$ 802,900$ West Lakeland 512,900$ 523,100$ 547,700$ 585,678$ 695,200$ White Bear Lake 243,000$ 270,100$ 279,000$ 263,268$ 390,600$ Willernie 223,800$ 236,400$ 210,000$ 273,820$ 277,800$ Woodbury 306,700$ 317,200$ 346,500$ 357,373$ 411,600$ COUNTY AVERAGE 297,000$ 314,500$ 337,000$ 355,283$ 410,300$ 13 | Page PAST & CURRENT YEAR ADJUSTMENTS/PARCEL COUNT SECTION Agricultural Class Summary: Current Year Adjustments ay2022 Number of ay2022 ay2021 ay2022 New Construction Parcels Agricultural Value Agricultural Value % Growth Afton 2,091,600$ 173 141,069,300$ 114,253,300$ 21.6% Bayport -$ 0 -$ -$ 0.0% Baytown -$ 46 27,196,600$ 23,579,900$ 15.3% Birchwood -$ 0 -$ -$ 0.0% Cottage Grove 21,400$ 160 141,379,400$ 119,173,600$ 18.6% Dellwood -$ 5 4,758,200$ 3,409,600$ 39.6% Denmark 872,500$ 333 181,055,900$ 141,967,800$ 26.9% Forest Lake 141,100$ 153 74,285,000$ 58,547,600$ 26.6% Grant 180,000$ 144 109,729,300$ 84,867,100$ 29.1% Grey Cloud -$ 10 5,053,100$ 4,012,400$ 25.9% Hastings -$ 1 28,500$ 23,800$ 0.0% Hugo 216,300$ 264 145,483,100$ 118,514,200$ 22.6% Lake Elmo 143,000$ 118 104,047,600$ 81,085,800$ 28.1% Lake St. Croix -$ 0 -$ -$ 0.0% Lakeland -$ 4 1,731,000$ 1,503,100$ 15.2% Lakeland Shores -$ 0 -$ -$ 0.0% Landfall -$ 0 -$ -$ 0.0% Mahtomedi -$ 2 387,100$ 309,700$ 25.0% Marine -$ 9 5,863,100$ 4,294,800$ 36.5% May 1,096,500$ 312 193,157,200$ 148,848,200$ 29.0% Newport -$ 3 7,023,800$ 5,807,400$ 20.9% Oak Park Hgts -$ 0 -$ -$ 0.0% Oakdale 2,900$ 4 8,106,600$ 7,026,800$ 15.3% Pine Springs -$ 0 -$ -$ 0.0% St. Mary's Point -$ 0 -$ -$ 0.0% St. Paul Park 38,400$ 58 4,083,200$ 3,200,900$ 26.4% Scandia 353,600$ 323 137,539,600$ 105,542,700$ 30.0% Stillwater -$ 4 3,427,600$ 2,945,400$ 16.4% Stillwater Twp 201,100$ 109 74,121,100$ 60,070,800$ 23.1% West Lakeland -$ 46 31,757,500$ 26,705,700$ 18.9% White Bear Lake -$ 0 -$ -$ 0.0% Willernie -$ 0 -$ -$ 0.0% Woodbury -$ 97 177,034,100$ 155,887,000$ 13.6% COUNTY 5,358,400$ 2,378 1,578,317,900$ 1,271,577,600$ 23.7% 14 | Page Agricultural Class: Past & Current Year Adjustments ay2018 ay2019 ay2020 ay2021 ay2022 5-Year Change Afton 0.5%3.6%6.7%3.2%21.6%35.8% Bayport 0.0%0.0%0.0%0.0%0.0%0.0% Baytown 1.6%0.7%14.4%5.7%15.3%37.6% Birchwood 0.0%0.0%0.0%0.0%0.0%0.0% Cottage Grove -1.2%-3.6%0.1%-3.0%18.6%10.8% Dellwood 9.6%0.4%2.7%16.8%39.6%69.1% Denmark 0.7%-1.0%6.4%3.0%26.9%36.1% Forest Lake 2.6%2.4%2.1%3.0%26.6%36.7% Grant 1.1%0.2%4.1%3.6%29.1%38.1% Grey Cloud 5.8%3.8%1.0%0.1%25.9%36.7% Hastings 0.0%0.0%0.0%0.0%19.7%19.7% Hugo -0.6%-2.4%6.3%1.9%22.6%27.7% Lake Elmo 0.7%-6.6%5.8%-5.4%28.1%22.7% Lake St. Croix 0.0%0.0%0.0%0.0%0.0%0.0% Lakeland 0.5%-45.9%-12.3%0.0%15.2%-42.5% Lakeland Shores 0.0%0.0%0.0%0.0%0.0%0.0% Landfall 0.0%0.0%0.0%0.0%0.0%0.0% Mahtomedi 0.0%0.0%0.0%-22.9%25.0%2.1% Marine 17.3%0.9%13.3%7.2%36.5%75.2% May 0.0%10.2%8.4%4.2%29.0%51.8% Newport -0.6%-7.7%0.2%2.1%20.9%14.9% Oak Park Hgts 0.0%0.0%0.0%0.0%0.0%0.0% Oakdale 2.0%-25.0%0.4%-60.8%15.3%-68.1% Pine Springs 0.0%0.0%0.0%0.0%0.0%0.0% St. Mary's Point 0.0%0.0%0.0%0.0%0.0%0.0% St. Paul Park 0.0%0.2%0.1%3.8%26.4%30.4% Scandia -1.1%10.1%5.4%1.4%30.0%45.8% Stillwater 139.3%-1.2%10.7%-78.8%16.4%86.3% Stillwater Twp 0.8%4.6%5.1%-0.4%23.1%33.1% West Lakeland 0.1%-4.2%2.9%0.2%18.9%17.8% White Bear Lake 0.0%0.0%0.0%0.0%0.0%0.0% Willernie 0.0%0.0%0.0%0.0%0.0%0.0% Woodbury -6.0%-6.0%13.1%-11.4%13.6%3.2% COUNTY 0.0%-0.3%6.3%-2.0%23.7%27.7% 15 | Page Agricultural Class: Parcel Counts ay2018 ay2019 ay2020 ay2021 ay2022 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 160 156 170 172 173 1 Bayport 0 0 0 0 0 0 Baytown 44 43 50 50 46 -4 Birchwood 0 0 0 0 0 0 Cottage Grove 180 175 170 165 160 -5 Dellwood 6 6 6 6 5 -1 Denmark 341 334 339 338 333 -5 Forest Lake 145 145 148 150 153 3 Grant 146 142 142 143 144 1 Grey Cloud 10 10 10 10 10 0 Hastings 1 1 1 1 1 0 Hugo 257 251 258 265 264 -1 Lake Elmo 129 113 117 122 118 -4 Lake St. Croix 0 0 0 0 0 0 Lakeland 4 4 4 4 4 0 Lakeland Shores 0 0 0 0 0 0 Landfall 0 0 0 0 0 0 Mahtomedi 2 2 2 2 2 0 Marine 7 7 9 9 9 0 May 275 276 312 311 312 1 Newport 3 3 3 3 3 0 Oak Park Hgts 0 0 0 0 0 0 Oakdale 4 5 4 4 4 0 Pine Springs 0 0 0 0 0 0 St. Mary's Point 0 0 0 0 0 0 St. Paul Park 57 57 57 57 58 1 Scandia 322 319 327 327 323 -4 Stillwater 3 2 5 4 4 0 Stillwater Twp 104 104 108 108 109 1 West Lakeland 47 44 46 47 46 -1 White Bear Lake 0 0 0 0 0 0 Willernie 0 0 0 0 0 0 Woodbury 101 98 103 102 97 -5 COUNTY 2,348 2,297 2,391 2,400 2,378 -22 +/- 16 | Page Apartment Class Summary: Current Year Adjustments ay2022 Number of ay2022 ay2021 ay2022 New Construction Parcels Apartment Value Apartment Value % Growth Afton 219,800$ 2 1,884,100$ 1,635,100$ 1.8% Bayport -$ 22 24,830,300$ 21,213,900$ 17.0% Baytown -$ 1 745,000$ 684,800$ 8.8% Birchwood -$ 0 -$ -$ 0.0% Cottage Grove 11,586,400$ 44 200,892,300$ 143,823,800$ 31.6% Dellwood -$ 0 -$ -$ 0.0% Denmark -$ 1 1,137,800$ 1,033,800$ 10.1% Forest Lake 1,176,700$ 73 259,451,400$ 218,336,700$ 18.3% Grant -$ 2 1,191,700$ 1,139,600$ 4.6% Grey Cloud -$ 0 -$ -$ 0.0% Hastings -$ 0 -$ -$ 0.0% Hugo 22,018,900$ 11 51,005,500$ 24,656,600$ 17.6% Lake Elmo 36,252,900$ 10 74,980,500$ 35,300,000$ 9.7% Lake St. Croix -$ 1 551,600$ 432,700$ 27.5% Lakeland -$ 2 888,200$ 771,600$ 15.1% Lakeland Shores -$ 0 -$ -$ 0.0% Landfall -$ 0 -$ -$ 0.0% Mahtomedi 285,100$ 17 71,452,500$ 63,023,900$ 12.9% Marine -$ 2 481,800$ 418,200$ 15.2% May -$ 0 -$ -$ 0.0% Newport -$ 42 79,553,700$ 68,996,900$ 15.3% Oak Park Hgts -$ 33 178,372,300$ 153,814,600$ 16.0% Oakdale -$ 56 299,796,500$ 233,208,600$ 28.6% Pine Springs -$ 0 -$ -$ 0.0% St. Mary's Point -$ 0 -$ -$ 0.0% St. Paul Park -$ 25 9,411,900$ 7,668,600$ 22.7% Scandia -$ 3 612,900$ 525,200$ 16.7% Stillwater 8,386,700$ 80 168,848,800$ 126,339,100$ 27.0% Stillwater Twp -$ 0 -$ -$ 0.0% West Lakeland -$ 1 804,100$ 708,800$ 13.4% White Bear Lake -$ 1 15,699,000$ 14,195,500$ 10.6% Willernie -$ 1 1,134,200$ 1,016,000$ 11.6% Woodbury 96,235,200$ 81 1,048,615,600$ 820,175,200$ 16.1% COUNTY 176,161,700$ 511 2,492,341,700$ 1,939,119,200$ 19.4% 17 | Page Apartment Class: Past & Current Year Adjustments ay2018 ay2019 ay2020 ay2021 ay2022 5-Year Change Afton 5.1%19.5%15.9%17.5%1.8%59.7% Bayport 28.4%7.2%8.1%6.0%17.0%66.7% Baytown 0.0%53.1%0.0%0.0%8.8%61.9% Birchwood 0.0%0.0%0.0%0.0%0.0%0.0% Cottage Grove 5.0%9.1%3.7%2.8%31.6%52.3% Dellwood 0.0%0.0%0.0%0.0%0.0%0.0% Denmark 3.2%7.8%1.7%-24.8%10.1%-2.1% Forest Lake 5.8%11.0%4.9%2.5%18.3%42.5% Grant 4.3%4.2%0.0%4.6%4.6%17.8% Grey Cloud 0.0%0.0%0.0%0.0%0.0%0.0% Hastings 0.0%0.0%0.0%0.0%0.0%0.0% Hugo 17.1%10.4%2.1%13.1%17.6%60.3% Lake Elmo 30.3%3.6%15.8%52.1%9.7%111.5% Lake St. Croix 16.7%64.9%16.7%30.7%27.5%156.4% Lakeland 0.0%23.5%7.8%25.4%15.1%71.9% Lakeland Shores 0.0%0.0%0.0%0.0%0.0%0.0% Landfall 0.0%0.0%0.0%0.0%0.0%0.0% Mahtomedi 7.0%29.9%-10.7%2.1%12.9%41.3% Marine 0.0%49.6%1.1%7.8%15.2%73.7% May 0.0%0.0%0.0%0.0%0.0%0.0% Newport 7.4%13.0%12.2%1.8%15.3%49.8% Oak Park Hgts 10.8%16.0%3.0%2.6%16.0%48.4% Oakdale 11.8%12.5%7.0%4.1%28.6%63.9% Pine Springs 0.0%0.0%0.0%0.0%0.0%0.0% St. Mary's Point 0.0%0.0%0.0%0.0%0.0%0.0% St. Paul Park 3.7%16.5%6.4%3.2%22.7%52.6% Scandia -0.3%6.4%5.7%3.3%16.7%31.8% Stillwater 6.6%18.3%12.7%4.8%27.0%69.4% Stillwater Twp 0.0%0.0%0.0%0.0%0.0%0.0% West Lakeland 100.0%4.3%100.0%4.0%13.4%221.8% White Bear Lake 0.0%0.0%-34.5%1.7%10.6%-22.2% Willernie 0.0%28.3%5.9%1.5%11.6%47.3% Woodbury 13.1%14.6%5.3%7.6%16.1%56.7% COUNTY 10.6%13.9%4.7%5.5%19.4%54.2% 18 | Page Apartment Class: Parcel Counts ay2018 ay2019 ay2020 ay2021 ay2022 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 2 2 2 2 2 0 Bayport 22 22 22 22 22 0 Baytown 1 1 1 1 1 0 Birchwood 0 0 0 0 0 0 Cottage Grove 17 37 39 41 44 3 Dellwood 0 0 0 0 0 0 Denmark 2 2 2 1 1 0 Forest Lake 67 71 71 71 73 2 Grant 1 1 1 1 2 1 Grey Cloud 0 0 0 0 0 0 Hastings 0 0 0 0 0 0 Hugo 5 6 6 9 11 2 Lake Elmo 6 7 7 10 10 0 Lake St. Croix 1 1 1 1 1 0 Lakeland 2 2 2 2 2 0 Lakeland Shores 0 0 0 0 0 0 Landfall 0 0 0 0 0 0 Mahtomedi 15 17 17 17 17 0 Marine 2 2 2 2 2 0 May 0 0 0 0 0 0 Newport 42 42 42 42 42 0 Oak Park Hgts 32 35 35 33 33 0 Oakdale 48 50 51 51 56 5 Pine Springs 0 0 0 0 0 0 St. Mary's Point 0 0 0 0 0 0 St. Paul Park 23 23 23 23 25 2 Scandia 1 3 3 3 3 0 Stillwater 68 73 79 79 80 1 Stillwater Twp 0 0 0 0 0 0 West Lakeland 1 1 1 1 1 0 White Bear Lake 1 1 1 1 1 0 Willernie 1 1 1 1 1 0 Woodbury 54 60 66 75 81 6 COUNTY 414 460 475 489 511 22 +/- 19 | Page Commercial/Industrial Class Summary: Current Year Adjustments ay2022 Number of ay2022 ay2021 ay2022 New Construction Parcels Comm/Ind Value Comm/Ind Value % Growth Afton -$ 39 37,363,800$ 32,668,000$ 14.4% Bayport 600,000$ 107 43,354,500$ 43,076,700$ -0.7% Baytown -$ 10 2,694,000$ 2,540,900$ 6.0% Birchwood -$ 0 -$ -$ 0.0% Cottage Grove 7,580,400$ 567 434,259,400$ 405,841,900$ 5.1% Dellwood 20,000$ 28 18,743,500$ 15,821,900$ 18.3% Denmark -$ 65 33,961,200$ 32,350,100$ 5.0% Forest Lake 3,446,000$ 546 297,046,200$ 290,765,800$ 1.0% Grant 432,800$ 93 22,166,700$ 22,463,400$ -3.2% Grey Cloud -$ 22 3,606,400$ 3,286,600$ 9.7% Hastings -$ 5 1,837,500$ 1,837,500$ 0.0% Hugo 3,342,500$ 195 187,995,500$ 175,267,500$ 5.4% Lake Elmo 211,800$ 201 178,197,200$ 171,654,800$ 3.7% Lake St. Croix -$ 9 2,342,900$ 2,281,400$ 2.7% Lakeland -$ 38 14,275,200$ 14,255,100$ 0.1% Lakeland Shores -$ 9 2,808,200$ 2,814,000$ -0.2% Landfall -$ 7 10,112,000$ 10,112,000$ 0.0% Mahtomedi -$ 77 64,909,800$ 61,274,400$ 5.9% Marine -$ 16 3,545,100$ 3,563,500$ -0.5% May -$ 8 3,155,000$ 2,851,400$ 10.6% Newport 414,100$ 197 85,786,800$ 81,972,900$ 4.1% Oak Park Hgts 12,720,000$ 220 246,395,600$ 229,758,900$ 1.7% Oakdale 698,100$ 393 559,092,800$ 542,002,700$ 3.0% Pine Springs -$ 0 -$ -$ 0.0% St. Mary's Point -$ 0 100,000$ 100,000$ 0.0% St. Paul Park 88,600$ 200 59,891,100$ 49,037,700$ 22.0% Scandia -$ 75 18,672,500$ 17,471,000$ 6.9% Stillwater 4,503,700$ 394 398,930,900$ 389,911,700$ 1.2% Stillwater Twp -$ 6 2,504,300$ 2,339,700$ 7.0% West Lakeland -$ 33 16,865,300$ 15,790,300$ 6.8% White Bear Lake -$ 9 6,735,900$ 6,741,800$ -0.1% Willernie -$ 33 6,371,400$ 6,230,200$ 2.3% Woodbury 24,973,200$ 574 1,631,524,200$ 1,578,349,000$ 1.8% COUNTY 59,031,200$ 4,176 4,395,244,900$ 4,214,432,800$ 2.9% 20 | Page Commercial/Industrial Class: Past & Current Year Adjustments ay2018 ay2019 ay2020 ay2021 ay2022 5-Year Change Afton 3.7%3.4%7.0%4.4%14.4%32.8% Bayport 1.1%1.8%8.5%4.4%-0.7%15.1% Baytown 1.7%0.0%1.1%5.8%6.0%14.6% Birchwood 0.0%0.0%0.0%0.0%0.0%0.0% Cottage Grove 2.3%1.2%8.9%7.1%5.1%24.5% Dellwood 4.2%1.8%-0.4%10.0%18.3%34.0% Denmark 0.7%9.8%9.5%11.3%5.0%36.2% Forest Lake 3.0%-0.9%3.5%8.8%1.0%15.4% Grant 1.9%0.5%7.3%6.4%-3.2%12.8% Grey Cloud 1.8%5.1%15.8%-1.5%9.7%30.9% Hastings 4.0%-6.9%-4.7%10.0%0.0%2.4% Hugo 2.1%2.1%11.8%5.9%5.4%27.3% Lake Elmo 4.3%2.8%0.8%7.7%3.7%19.3% Lake St. Croix 5.4%0.2%6.0%9.8%2.7%24.1% Lakeland 3.3%0.1%0.7%4.5%0.1%8.7% Lakeland Shores 1.7%0.0%-9.2%13.3%-0.2%5.7% Landfall 3.7%17.9%0.0%10.0%0.0%31.5% Mahtomedi -0.6%3.6%10.2%5.2%5.9%24.4% Marine 3.9%-0.7%32.4%-19.0%-0.5%16.1% May 1.3%-0.5%-0.3%7.1%10.6%18.2% Newport -11.1%-0.6%7.3%5.3%4.1%5.1% Oak Park Hgts 2.5%-0.8%2.8%9.5%1.7%15.6% Oakdale 1.8%3.0%6.8%8.1%3.0%22.8% Pine Springs 0.0%0.0%0.0%0.0%0.0%0.0% St. Mary's Point 0.0%0.0%0.0%0.0%0.0%0.0% St. Paul Park 20.1%19.0%7.9%24.4%22.0%93.3% Scandia 5.9%-0.1%7.7%8.7%6.9%29.0% Stillwater 3.7%0.5%6.2%9.1%1.2%20.7% Stillwater Twp -30.5%-33.2%-31.4%9.3%7.0%-78.9% West Lakeland 3.6%4.7%8.7%8.2%6.8%32.0% White Bear Lake 3.6%0.7%-5.0%10.0%-0.1%9.2% Willernie 2.9%3.0%1.9%8.3%2.3%18.5% Woodbury 3.9%3.7%5.3%9.0%1.8%23.7% COUNTY 3.0%2.4%5.9%8.4%2.9%22.6% 21 | Page Commercial/Industrial Class: Parcel Counts ay2018 ay2019 ay2020 ay2021 ay2022 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 35 35 37 36 39 3 Bayport 108 107 107 107 107 0 Baytown 10 10 10 10 10 0 Birchwood 0 0 0 0 0 0 Cottage Grove 422 428 503 567 567 0 Dellwood 29 29 28 28 28 0 Denmark 65 65 66 66 65 -1 Forest Lake 562 562 549 546 546 0 Grant 93 94 94 95 93 -2 Grey Cloud 24 24 24 21 22 1 Hastings 5 5 5 5 5 0 Hugo 184 192 191 194 195 1 Lake Elmo 203 207 201 201 201 0 Lake St. Croix 9 9 9 9 9 0 Lakeland 39 39 38 38 38 0 Lakeland Shores 8 8 9 9 9 0 Landfall 6 7 7 7 7 0 Mahtomedi 76 77 77 78 77 -1 Marine 15 16 17 17 16 -1 May 8 8 8 8 8 0 Newport 221 219 205 197 197 0 Oak Park Hgts 214 223 220 220 220 0 Oakdale 386 399 394 398 393 -5 Pine Springs 1 0 0 0 0 0 St. Mary's Point 0 0 0 0 0 0 St. Paul Park 206 203 200 201 200 -1 Scandia 76 77 77 77 75 -2 Stillwater 397 397 408 400 394 -6 Stillwater Twp 6 6 5 6 6 0 West Lakeland 29 33 34 34 33 -1 White Bear Lake 9 9 9 9 9 0 Willernie 33 33 33 33 33 0 Woodbury 550 574 577 575 574 -1 COUNTY 4,029 4,095 4,142 4,192 4,176 -16 +/- 22 | Page Residential/SRR Class Summary: Current Year Adjustments ay2022 Number of ay2022 ay2021 ay2022 New Construction Parcels Res/SRR Value Res/SRR Value % Growth Afton 10,128,800$ 1,266 732,195,000$ 606,098,300$ 19.1% Bayport 3,669,500$ 1,026 375,555,900$ 321,632,200$ 15.6% Baytown 8,734,500$ 856 535,898,000$ 446,362,600$ 18.1% Birchwood 1,861,700$ 413 217,024,100$ 170,804,600$ 26.0% Cottage Grove 156,968,500$ 13,875 4,698,653,800$ 3,715,898,100$ 22.2% Dellwood 3,430,800$ 509 457,092,400$ 370,376,400$ 22.5% Denmark 7,026,700$ 742 412,675,300$ 323,485,700$ 25.4% Forest Lake 14,142,400$ 7,386 2,629,037,900$ 2,057,859,100$ 27.1% Grant 13,341,500$ 1,753 1,041,029,000$ 845,009,000$ 21.6% Grey Cloud 140,300$ 151 54,451,100$ 42,694,600$ 27.2% Hastings -$ 3 758,800$ 633,300$ 19.8% Hugo 75,187,500$ 6,425 2,428,118,800$ 1,945,365,200$ 21.0% Lake Elmo 137,629,000$ 4,872 2,567,004,100$ 1,989,131,600$ 22.1% Lake St. Croix 615,800$ 714 158,613,300$ 134,701,700$ 17.3% Lakeland 648,200$ 788 312,716,800$ 266,501,000$ 17.1% Lakeland Shores 81,600$ 144 74,503,700$ 63,445,300$ 17.3% Landfall -$ 1 172,200$ 166,000$ 3.7% Mahtomedi 5,959,000$ 3,010 1,396,646,100$ 1,110,385,300$ 25.2% Marine 1,681,300$ 510 186,028,900$ 138,845,000$ 32.8% May 3,955,800$ 1,429 763,627,700$ 613,789,100$ 23.8% Newport 26,830,200$ 1,424 420,628,500$ 325,671,200$ 20.9% Oak Park Hgts 2,957,500$ 1,558 404,045,000$ 334,244,000$ 20.0% Oakdale 6,090,600$ 9,633 2,837,360,900$ 2,397,938,100$ 18.1% Pine Springs 35,800$ 164 78,509,400$ 62,530,900$ 25.5% St. Mary's Point 220,200$ 307 109,354,000$ 90,807,600$ 20.2% St. Paul Park 702,800$ 2,000 490,890,500$ 408,989,500$ 19.9% Scandia 8,845,000$ 2,226 855,329,000$ 679,166,400$ 24.6% Stillwater 24,398,100$ 7,502 2,873,388,900$ 2,401,031,200$ 18.7% Stillwater Twp 4,920,000$ 812 496,842,200$ 407,889,800$ 20.6% West Lakeland 14,573,000$ 1,438 894,207,800$ 735,845,000$ 19.5% White Bear Lake 83,500$ 99 33,572,100$ 26,826,500$ 24.8% Willernie 83,700$ 311 61,083,500$ 51,870,600$ 17.6% Woodbury 212,361,300$ 25,270 10,650,967,900$ 8,803,748,300$ 18.6% COUNTY 747,304,600$ 98,617 39,247,982,600$ 31,889,743,200$ 20.7% 23 | Page Residential/SRR Class: Past & Current Year Adjustments ay2018 ay2019 ay2020 ay2021 ay2022 5-Year Change Afton 1.2%11.4%-1.5%1.6%19.1%31.7% Bayport 7.8%9.8%1.9%4.3%15.6%39.5% Baytown -0.2%4.1%3.0%3.2%18.1%28.2% Birchwood 10.1%9.1%0.4%1.5%26.0%47.1% Cottage Grove 7.1%5.6%5.4%2.6%22.2%42.9% Dellwood 1.0%-0.2%8.1%1.8%22.5%33.1% Denmark 5.0%8.8%4.2%2.7%25.4%46.1% Forest Lake 7.5%3.9%1.2%3.6%27.1%43.2% Grant 2.8%10.1%-2.0%1.9%21.6%34.5% Grey Cloud 1.9%4.2%4.0%3.1%27.2%40.3% Hastings 2.5%5.2%5.5%1.2%19.8%34.2% Hugo 4.7%7.8%2.8%4.8%21.0%41.0% Lake Elmo 7.7%9.8%0.6%5.4%22.1%45.6% Lake St. Croix 13.4%7.7%4.2%3.1%17.3%45.7% Lakeland 12.8%0.9%4.8%3.6%17.1%39.3% Lakeland Shores 8.6%3.8%0.6%3.2%17.3%33.5% Landfall 4.0%0.5%0.0%12.1%3.7%20.4% Mahtomedi 1.6%5.0%4.8%-2.6%25.2%34.1% Marine 1.3%10.0%-3.5%-1.6%32.8%38.9% May 1.8%8.6%0.3%0.0%23.8%34.5% Newport 4.8%11.0%9.5%2.4%20.9%48.7% Oak Park Hgts 8.6%9.3%2.5%2.7%20.0%43.1% Oakdale 7.2%8.0%2.3%2.6%18.1%38.1% Pine Springs 2.9%-0.5%0.0%3.5%25.5%31.5% St. Mary's Point -1.4%4.4%0.5%11.4%20.2%35.0% St. Paul Park 3.2%15.0%3.2%1.3%20.0%42.7% Scandia 7.2%11.3%2.7%1.7%24.6%47.6% Stillwater 5.1%7.9%1.3%5.6%18.7%38.5% Stillwater Twp 1.1%14.6%-1.9%3.6%20.6%37.9% West Lakeland 1.3%7.7%0.3%4.5%19.5%33.4% White Bear Lake 7.5%4.1%2.5%2.0%24.8%40.9% Willernie 11.8%16.8%2.7%6.1%17.6%55.0% Woodbury 5.4%5.0%2.7%3.4%18.6%35.0% COUNTY 5.4%6.9%2.4%3.2%20.7%38.6% 24 | Page Residential/SRR Class: Parcel Counts ay2018 ay2019 ay2020 ay2021 ay2022 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 1,283 1,275 1,276 1,275 1,266 -9 Bayport 979 1,003 1,030 1,030 1,026 -4 Baytown 806 815 805 805 856 51 Birchwood 415 414 414 414 413 -1 Cottage Grove 11,897 12,277 12,607 13,078 13,875 797 Dellwood 517 515 513 513 509 -4 Denmark 717 744 740 737 742 5 Forest Lake 7,352 7,369 7,369 7,369 7,386 17 Grant 1,733 1,746 1,757 1,752 1,753 1 Grey Cloud 172 171 148 152 151 -1 Hastings 3 3 3 3 3 0 Hugo 5,905 6,067 6,132 6,286 6,425 139 Lake Elmo 3,971 4,306 4,410 4,579 4,872 293 Lake St. Croix 722 721 717 717 714 -3 Lakeland 788 785 791 791 788 -3 Lakeland Shores 145 145 144 144 144 0 Landfall 1 1 1 1 1 0 Mahtomedi 2,999 3,001 3,003 3,003 3,010 7 Marine 528 526 523 518 510 -8 May 1,476 1,470 1,434 1,430 1,429 -1 Newport 1,237 1,289 1,388 1,424 1,424 0 Oak Park Hgts 1,551 1,560 1,558 1,564 1,558 -6 Oakdale 9,515 9,527 9,527 9,524 9,633 109 Pine Springs 163 164 164 164 164 0 St. Mary's Point 316 316 312 305 307 2 St. Paul Park 1,989 1,984 2,007 2,005 2,000 -5 Scandia 2,238 2,240 2,232 2,226 2,226 0 Stillwater 7,431 7,490 7,477 7,487 7,502 15 Stillwater Twp 815 816 815 814 812 -2 West Lakeland 1,431 1,437 1,435 1,437 1,438 1 White Bear Lake 99 99 99 99 99 0 Willernie 313 313 313 312 311 -1 Woodbury 23,624 24,206 24,500 24,981 25,270 289 COUNTY 93,131 94,795 95,644 96,939 98,617 1,678 +/- 25 | Page Total Taxable Class Summary: Current Year Adjustments ay2022 Number of ay2022 ay2021 ay2022 New Construction Parcels Total Value Total Value % Growth Afton 12,440,200$ 1,480 912,512,200$ 754,654,700$ 19.3% Bayport 4,269,500$ 1,155 443,740,700$ 385,922,800$ 13.9% Baytown 8,734,500$ 913 566,533,600$ 473,168,200$ 17.9% Birchwood 1,861,700$ 413 217,024,100$ 170,804,600$ 26.0% Cottage Grove 176,156,700$ 14,646 5,475,184,900$ 4,384,737,400$ 20.9% Dellwood 3,450,800$ 542 480,594,100$ 389,607,900$ 22.5% Denmark 7,899,200$ 1,141 628,830,200$ 498,837,400$ 24.5% Forest Lake 18,906,200$ 8,158 3,259,820,500$ 2,625,509,200$ 23.4% Grant 13,954,300$ 1,992 1,174,116,700$ 953,479,100$ 21.7% Grey Cloud 140,300$ 183 63,110,600$ 49,993,600$ 26.0% Hastings -$ 9 2,624,800$ 2,494,600$ 5.2% Hugo 100,765,200$ 6,895 2,812,602,900$ 2,263,803,500$ 19.8% Lake Elmo 174,236,700$ 5,201 2,924,229,400$ 2,277,172,200$ 20.8% Lake St. Croix 615,800$ 724 161,507,800$ 137,415,800$ 17.1% Lakeland 648,200$ 832 329,611,200$ 283,030,800$ 16.2% Lakeland Shores 81,600$ 153 77,311,900$ 66,259,300$ 16.6% Landfall -$ 8 10,284,200$ 10,278,000$ 0.1% Mahtomedi 6,244,100$ 3,106 1,533,395,500$ 1,234,993,300$ 23.7% Marine 1,681,300$ 537 195,918,900$ 147,121,500$ 32.0% May 5,052,300$ 1,749 959,939,900$ 765,488,700$ 24.7% Newport 27,244,300$ 1,666 592,992,800$ 482,448,400$ 17.3% Oak Park Hgts 15,677,500$ 1,811 828,812,900$ 717,817,500$ 13.3% Oakdale 6,791,600$ 10,086 3,704,356,800$ 3,180,176,200$ 16.3% Pine Springs 35,800$ 164 78,509,400$ 62,530,900$ 25.5% St. Mary's Point 220,200$ 307 109,454,000$ 90,907,600$ 20.2% St. Paul Park 829,800$ 2,283 564,276,700$ 468,896,700$ 20.2% Scandia 9,198,600$ 2,627 1,012,154,000$ 802,705,300$ 24.9% Stillwater 37,288,500$ 7,980 3,444,596,200$ 2,920,227,400$ 16.7% Stillwater Twp 5,121,100$ 927 573,467,600$ 470,300,300$ 20.8% West Lakeland 14,573,000$ 1,518 943,634,700$ 779,049,800$ 19.3% White Bear Lake 83,500$ 109 56,007,000$ 47,763,800$ 17.1% Willernie 83,700$ 345 68,589,100$ 59,116,800$ 15.9% Woodbury 333,569,700$ 26,022 13,508,141,800$ 11,358,159,500$ 16.0% COUNTY 987,855,900$ 105,682 47,713,887,100$ 39,314,872,800$ 18.9% 26 | Page Total Taxable Class: Past & Current Year Adjustments ay2018 ay2019 ay2020 ay2021 ay2022 5-Year Change Afton 1.2%9.8%0.0%2.0%19.3%32.3% Bayport 8.1%8.7%3.0%4.4%13.9%38.1% Baytown -0.1%4.0%3.5%3.3%17.9%28.6% Birchwood 10.1%9.1%0.4%1.5%26.0%47.1% Cottage Grove 6.3%5.0%5.4%2.8%20.9%40.4% Dellwood 1.2%-0.1%7.7%2.3%22.5%33.5% Denmark 3.3%5.7%5.2%3.2%24.5%41.8% Forest Lake 6.7%3.8%1.7%4.0%23.4%39.7% Grant 2.6%8.9%-1.3%2.2%21.7%34.1% Grey Cloud 2.2%4.2%4.4%2.5%26.0%39.3% Hastings 2.6%-4.3%-2.2%7.6%5.2%8.9% Hugo 4.3%6.7%3.6%4.8%19.8%39.2% Lake Elmo 7.0%8.3%1.0%5.4%20.8%42.4% Lake St. Croix 13.2%7.7%4.2%3.3%17.1%45.6% Lakeland 12.2%0.4%4.5%3.7%16.2%37.0% Lakeland Shores 8.4%3.7%0.3%3.6%16.6%32.4% Landfall 3.7%17.5%0.0%10.0%0.1%31.3% Mahtomedi 1.7%6.0%4.2%-2.0%23.7%33.6% Marine 1.8%9.5%-2.3%-1.9%32.0%39.2% May 1.5%8.9%1.8%0.8%24.7%37.7% Newport 1.5%8.6%9.2%2.9%17.3%39.4% Oak Park Hgts 7.0%7.3%2.7%4.8%13.3%35.0% Oakdale 6.5%7.2%3.4%3.2%16.3%36.6% Pine Springs 2.9%-0.5%0.0%3.5%25.5%31.5% St. Mary's Point -1.4%4.4%0.5%11.3%20.2%35.0% St. Paul Park 5.1%15.3%3.7%3.6%20.3%48.1% Scandia 6.0%10.9%3.2%1.8%24.9%46.8% Stillwater 5.3%7.2%2.4%5.6%16.7%37.1% Stillwater Twp 0.8%12.9%-1.1%3.0%20.8%36.5% West Lakeland 1.4%7.2%0.6%4.4%19.3%32.8% White Bear Lake 3.8%2.0%-13.2%2.9%17.1%12.7% Willernie 10.4%15.4%2.6%6.2%15.9%50.6% Woodbury 5.4%5.2%3.4%4.2%16.0%34.1% COUNTY 5.1%6.4%3.0%3.6%18.9%37.0% 27 | Page Total Taxable Class: Parcel Counts ay2018 ay2019 ay2020 ay2021 ay2022 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 1,480 1,468 1,485 1,485 1,480 -5 Bayport 1,109 1,132 1,159 1,159 1,155 -4 Baytown 861 869 866 866 913 47 Birchwood 415 414 414 414 413 -1 Cottage Grove 12,516 12,917 13,319 13,851 14,646 795 Dellwood 552 550 547 547 542 -5 Denmark 1,125 1,145 1,147 1,142 1,141 -1 Forest Lake 8,126 8,147 8,137 8,136 8,158 22 Grant 1,973 1,983 1,994 1,991 1,992 1 Grey Cloud 206 205 182 183 183 0 Hastings 9 9 9 9 9 0 Hugo 6,351 6,516 6,587 6,754 6,895 141 Lake Elmo 4,309 4,633 4,735 4,912 5,201 289 Lake St. Croix 732 731 727 727 724 -3 Lakeland 833 830 835 835 832 -3 Lakeland Shores 153 153 153 153 153 0 Landfall 7 8 8 8 8 0 Mahtomedi 3,092 3,097 3,099 3,100 3,106 6 Marine 552 551 551 546 537 -9 May 1,759 1,754 1,754 1,749 1,749 0 Newport 1,503 1,553 1,638 1,666 1,666 0 Oak Park Hgts 1,797 1,818 1,813 1,817 1,811 -6 Oakdale 9,953 9,981 9,976 9,977 10,086 109 Pine Springs 164 164 164 164 164 0 St. Mary's Point 316 316 312 305 307 2 St. Paul Park 2,275 2,267 2,287 2,286 2,283 -3 Scandia 2,637 2,639 2,639 2,633 2,627 -6 Stillwater 7,899 7,962 7,969 7,970 7,980 10 Stillwater Twp 925 926 928 928 927 -1 West Lakeland 1,508 1,515 1,516 1,519 1,518 -1 White Bear Lake 109 109 109 109 109 0 Willernie 347 347 347 346 345 -1 Woodbury 24,329 24,938 25,246 25,733 26,022 289 COUNTY 99,922 101,647 102,652 104,020 105,682 1,662 +/- 28 | Page Residential/SRR Class: Current Year Value Changes This table lists a breakdown of the number of value changes by percent change the residential and seasonal recreational properties in each community received for the ay2022 assessment. The percent change groupings are listed across the top row of the table. For the 2022 assessment 99.4% are receiving a valuation notice indicating an increase in their property value. Over 15% Decrease10.1% - 15% Decrease5.1% - 10% Decrease.1% to 5% DecreaseNo Change.1% to 5% Increase5.1% - 10% Increase10.1% - 15% IncreaseOver 15% IncreaseTotal Total Decrease & No ChangeTotal IncreaseAfton - - - 2 35 1 1 5 1,222 1,266 37 1,229 Bayport 3 - - - 5 - 3 247 768 1,026 8 1,018 Baytown - - - - 19 - 3 14 820 856 19 837 Birchwood - - - - - - 2 1 410 413 - 413 Cottage Grove 7 - 1 11 38 12 91 237 13,478 13,875 57 13,818 Dellwood - - 1 - 9 1 - 4 494 509 10 499 Denmark 1 1 - - 8 - 1 1 730 742 10 732 Forest Lake 1 - 3 4 84 4 4 37 7,249 7,386 92 7,294 Grant 9 1 - - 30 1 1 1 1,710 1,753 40 1,713 Grey Cloud 1 - - - - - 11 - 139 151 1 150 Hastings - - - - - - - - 3 3 - 3 Hugo - - - 1 22 1 3 7 6,391 6,425 23 6,402 Lake Elmo 2 - 1 - 14 6 4 218 4,627 4,872 17 4,855 Lake St. Croix - - - 1 29 - 4 33 647 714 30 684 Lakeland - - - 2 - - 6 6 774 788 2 786 Lakeland Shores - - - - - - - - 144 144 - 144 Landfall - - - - - 1 - - - 1 - 1 Mahtomedi 5 1 - - 3 1 3 16 2,981 3,010 9 3,001 Marine - - 3 3 4 3 1 1 495 510 10 500 May 1 - - 1 39 2 6 11 1,369 1,429 41 1,388 Newport 2 - - 4 12 1 3 9 1,393 1,424 18 1,406 Oak Park Hgts - - - 1 - 2 3 281 1,271 1,558 1 1,557 Oakdale 2 - - 1 46 3 12 2,821 6,748 9,633 49 9,584 Pine Springs - - - - 3 - - - 161 164 3 161 St. Mary's Point - - 1 - 8 - 1 2 295 307 9 298 St. Paul Park 3 - - - 10 3 4 2 1,978 2,000 13 1,987 Scandia 5 - - - 67 3 2 1 2,148 2,226 72 2,154 Stillwater 2 1 2 3 - - 10 1,515 5,969 7,502 8 7,494 Stillwater Twp - - - - 9 - 1 2 800 812 9 803 West Lakeland - - - - 7 1 4 4 1,422 1,438 7 1,431 White Bear Lake - - - - - - - - 99 99 - 99 Willernie - 1 - 10 - 2 15 41 242 311 11 300 Woodbury 4 - 1 2 - 240 18 7,565 17,440 25,270 7 25,263 48 5 13 46 501 288 217 13,082 84,417 98,617 613 98,004 0.0%0.0%0.0%0.0%0.5%0.3%0.2%13.3%85.6%100.0%0.6%99.4%COUNTY 29 | Page MARKET VALUE SECTION Distribution of Market Value by Classification With new construction included, the pattern of change in the county’s total value and classification value distribution can be seen in the following list of past assessment year data. Estimated Market Value (EMV) by Classification & Percentage of Total EMV (includes new construction)ay2018 ay2019 ay2020 ay2021 ay2022 Total EMV 32,894,024,500$ 35,654,881,200$ 37,326,145,800$ 39,314,872,800$ 47,713,887,100$ Agriculture EMV 1,263,774,600$ 1,250,153,700$ 1,315,056,100$ 1,271,577,600$ 1,578,317,900$ Agriculture % of Total 3.8%3.5%3.5%3.2%3.3% Apartment EMV 1,322,514,400$ 1,600,537,000$ 1,743,006,000$ 1,939,119,200$ 2,492,341,700$ Apartment % of Total 4.0%4.5%4.7%4.9%5.2% Commercial/Industrial EMV 3,445,552,500$ 3,607,962,900$ 3,884,295,400$ 4,214,432,800$ 4,395,244,900$ Comm/Industrial % of Total 10.5%10.1%10.4%10.7%9.2% Residential/SRR EMV 26,862,183,000$ 29,196,227,600$ 30,383,788,300$ 31,889,743,200$ 39,247,982,600$ Residential/SRR % of Total 81.7%81.9%81.4%81.1%82.3% 3.3% 5.2%9.2% 82.3% 2022 EMV Distributuion by Classification Agriculture Apartment Commercial/Industrial Residential 30 | Page Median Values Historical Median Residential Improved Value: Residential/SRR (Combined Single Family and Townhome/Condo with improvement value ≥ $25,000) Median %Median %Median %Median %Median % ay2018 Change ay2019 Change ay2020 Change ay2021 Change ay2022 Change Afton 443,800$ 4.7%497,000$ 12.0%484,600$ -2.5%489,100$ -1.6%597,000$ 22.1% Bayport 232,000$ 8.9%262,900$ 13.3%267,200$ 1.6%288,200$ 9.6%336,400$ 16.7% Baytown 516,200$ 2.6%540,600$ 4.7%573,700$ 6.1%589,500$ 9.0%691,900$ 17.4% Birchwood 331,100$ 11.4%358,500$ 8.3%346,100$ -3.5%354,800$ -1.0%435,400$ 22.7% Cottage Grove 238,900$ 6.7%253,800$ 6.2%266,900$ 5.2%270,700$ 6.7%328,600$ 21.4% Dellwood 567,400$ 3.9%553,000$ -2.5%637,600$ 15.3%688,100$ 24.4%804,900$ 17.0% Denmark 414,400$ 8.7%439,900$ 6.2%456,500$ 3.8%467,400$ 6.3%612,100$ 31.0% Forest Lake 254,600$ 9.2%270,700$ 6.3%274,500$ 1.4%281,400$ 4.0%361,000$ 28.3% Grant 453,300$ 6.0%507,800$ 12.0%487,000$ -4.1%503,400$ -0.9%618,400$ 22.8% Grey Cloud 324,700$ 5.0%344,300$ 6.0%359,000$ 4.3%371,400$ 7.9%480,500$ 29.4% Hastings Hugo 260,500$ 4.4%278,500$ 6.9%290,000$ 4.1%309,800$ 11.2%379,300$ 22.4% Lake Elmo 401,600$ 4.8%430,600$ 7.2%434,800$ 1.0%458,700$ 6.5%553,800$ 20.7% Lake St. Croix 209,900$ 15.5%230,900$ 10.0%242,400$ 5.0%250,000$ 8.3%293,700$ 17.5% Lakeland 269,800$ 17.7%269,100$ -0.3%283,800$ 5.5%297,000$ 10.4%349,000$ 17.5% Lakeland Shores 325,300$ 12.1%341,000$ 4.8%343,900$ 0.9%358,500$ 5.1%418,300$ 16.7% Landfall Mahtomedi 324,900$ 3.2%342,800$ 5.5%360,100$ 5.0%351,200$ 2.5%435,800$ 24.1% Marine 342,300$ 3.0%386,700$ 13.0%373,300$ -3.5%379,900$ -1.8%499,600$ 31.5% May 420,500$ 4.7%454,600$ 8.1%458,800$ 0.9%452,100$ -0.5%567,200$ 25.5% Newport 195,400$ 5.5%216,100$ 10.6%226,600$ 4.9%229,600$ 6.2%285,700$ 24.4% Oak Park Hgts 215,500$ 6.5%236,700$ 9.8%240,300$ 1.5%251,000$ 6.0%294,600$ 17.4% Oakdale 231,700$ 7.1%252,800$ 9.1%259,000$ 2.5%264,300$ 4.5%315,000$ 19.2% Pine Springs 413,700$ 3.6%412,100$ -0.4%412,300$ 0.0%429,200$ 4.1%538,900$ 25.6% St. Mary's Point 296,000$ -0.7%317,900$ 7.4%318,400$ 0.2%335,000$ 5.4%402,900$ 20.3% St. Paul Park 180,100$ 2.4%211,100$ 17.2%220,200$ 4.3%221,600$ 5.0%266,600$ 20.3% Scandia 331,300$ 9.8%365,500$ 10.3%376,500$ 3.0%375,500$ 2.7%476,800$ 27.0% Stillwater 268,300$ 7.1%289,300$ 7.8%294,700$ 1.9%313,400$ 8.3%373,800$ 19.3% Stillwater Twp 437,300$ 2.8%505,700$ 15.6%487,200$ -3.7%499,700$ -1.2%612,400$ 22.6% West Lakeland 438,500$ 3.0%476,000$ 8.6%479,500$ 0.7%503,300$ 5.7%606,500$ 20.5% White Bear Lake 252,100$ 10.0%264,400$ 4.9%269,500$ 1.9%276,500$ 4.6%345,500$ 25.0% Willernie 172,500$ 13.6%202,500$ 17.4%211,700$ 4.5%226,300$ 11.8%266,200$ 17.6% Woodbury 312,600$ 5.4%327,400$ 4.7%341,200$ 4.2%351,100$ 7.2%419,000$ 19.3% COUNTY MEDIAN 277,100$ 12.6%296,700$ 7.1%306,600$ 3.3%316,800$ 6.8%384,200$ 21.3% 31 | Page Historical Median Residential Improved Value: Townhomes/Condos (With improvement value ≥ $25,000) Median %Median %Median %Median %Median % ay2018 Change ay2019 Change ay2020 Change ay2021 Change ay2022 Change Bayport 286,500$ -3.8%310,200$ 8.3%352,100$ 13.5%364,600$ 17.5%418,700$ 14.8% Cottage Grove 169,800$ 13.4%178,400$ 5.1%190,700$ 6.9%199,000$ 11.5%236,300$ 18.7% Forest Lake 180,100$ 8.0%189,600$ 5.3%190,800$ 0.6%196,800$ 3.8%246,300$ 25.2% Hugo 179,800$ 9.0%195,600$ 8.8%199,800$ 2.1%212,000$ 8.4%254,800$ 20.2% Lake Elmo 230,900$ -6.8%285,500$ 23.6%283,700$ -0.6%309,700$ 8.5%341,800$ 10.4% Mahtomedi 264,500$ 12.8%277,400$ 4.9%289,300$ 4.3%281,500$ 1.5%340,600$ 21.0% Marine 192,200$ -3.0%211,000$ 9.8%211,000$ 0.0%219,900$ 4.2%291,200$ 32.4% Newport 149,100$ 0.3%165,300$ 10.9%170,000$ 2.8%174,400$ 5.5%212,300$ 21.7% Oak Park Hgts 161,700$ 6.0%181,500$ 12.2%197,900$ 9.0%202,300$ 11.5%270,200$ 33.6% Oakdale 163,900$ 10.1%180,900$ 10.4%185,500$ 2.5%194,600$ 7.6%220,000$ 13.1% St. Paul Park 169,700$ 3.2%205,100$ 20.9%205,100$ 0.0%199,800$ -2.6%241,100$ 20.7% Stillwater 224,000$ 9.9%249,100$ 11.2%249,300$ 0.1%262,800$ 5.5%299,400$ 13.9% Woodbury 192,500$ 7.5%207,800$ 7.9%220,700$ 6.2%231,700$ 11.5%261,900$ 13.0% COUNTY MEDIAN 182,700$ 8.7%197,100$ 7.9%206,700$ 4.9%216,900$ 10.0%251,500$ 16.0% 32 | Page Historical Median Residential Improved Value: Single Family (With improvement value ≥ $25,000) Median % Median % Median % Median % Median % ay2018 Change ay2019 Change ay2020 Change ay2021 Change ay2022 Change Afton 443,800$ 4.7%497,000$ 12.0%484,600$ -2.5%489,100$ -1.6%597,000$ 22.1% Bayport 227,000$ 9.5%256,200$ 12.9%260,800$ 1.8%283,200$ 10.5%332,300$ 17.3% Baytown 516,200$ 2.6%540,600$ 4.7%573,700$ 6.1%589,500$ 9.0%691,900$ 17.4% Birchwood 331,100$ 11.4%358,500$ 8.3%346,100$ -3.5%354,800$ -1.0%435,400$ 22.7% Cottage Grove 245,600$ 6.8%260,700$ 6.1%274,700$ 5.4%279,000$ 7.0%339,100$ 21.5% Dellwood 567,400$ 3.9%553,000$ -2.5%637,600$ 15.3%688,100$ 24.4%804,900$ 17.0% Denmark 414,400$ 8.7%439,900$ 6.2%456,500$ 3.8%467,400$ 6.3%612,100$ 31.0% Forest Lake 274,600$ 8.8%290,800$ 5.9%296,000$ 1.8%302,800$ 4.1%389,800$ 28.7% Grant 453,300$ 6.0%507,800$ 12.0%487,000$ -4.1%503,400$ -0.9%618,400$ 22.8% Grey Cloud 324,700$ 5.0%344,300$ 6.0%359,000$ 4.3%371,400$ 7.9%480,500$ 29.4% Hastings Hugo 326,000$ 4.1%348,400$ 6.9%358,400$ 2.9%372,100$ 6.8%450,200$ 21.0% Lake Elmo 408,700$ 4.8%438,800$ 7.4%441,400$ 0.6%464,600$ 5.9%563,500$ 21.3% Lake St. Croix 209,900$ 16.7%230,900$ 10.0%242,400$ 5.0%250,000$ 8.3%293,700$ 17.5% Lakeland 269,800$ 17.4%269,100$ -0.3%283,800$ 5.5%297,000$ 10.4%349,000$ 17.5% Lakeland Shores 325,300$ 12.1%341,000$ 4.8%343,900$ 0.9%358,500$ 5.1%418,300$ 16.7% Landfall Mahtomedi 334,100$ 2.6%351,600$ 5.2%370,600$ 5.4%361,600$ 2.8%451,300$ 24.8% Marine 342,300$ -1.1%386,700$ 13.0%373,300$ -3.5%379,900$ -1.8%513,900$ 35.3% May 420,500$ 4.7%454,600$ 8.1%458,800$ 0.9%452,100$ -0.5%567,200$ 25.5% Newport 195,400$ 4.4%216,100$ 10.6%226,600$ 4.9%229,600$ 6.2%289,400$ 26.0% Oak Park Hgts 234,000$ 6.9%257,900$ 10.2%260,300$ 0.9%270,600$ 4.9%314,500$ 16.2% Oakdale 248,500$ 7.7%270,700$ 8.9%276,800$ 2.3%284,600$ 5.1%340,900$ 19.8% Pine Springs 413,700$ 3.6%412,100$ -0.4%412,300$ 0.0%429,200$ 4.1%538,900$ 25.6% St. Mary's Point 296,000$ -0.7%317,900$ 7.4%318,400$ 0.2%335,000$ 5.4%402,900$ 20.3% St. Paul Park 180,100$ 2.0%211,100$ 17.2%220,200$ 4.3%221,600$ 5.0%268,900$ 21.3% Scandia 331,300$ 10.1%365,500$ 10.3%376,500$ 3.0%375,500$ 2.7%476,800$ 27.0% Stillwater 276,800$ 6.4%297,000$ 7.3%301,500$ 1.5%321,800$ 8.4%387,600$ 20.4% Stillwater Twp 437,300$ 2.8%505,700$ 15.6%487,200$ -3.7%499,700$ -1.2%612,400$ 22.6% West Lakeland 438,500$ 3.0%476,000$ 8.6%479,500$ 0.7%503,300$ 5.7%606,500$ 20.5% White Bear Lake 252,100$ 10.0%264,400$ 4.9%269,500$ 1.9%276,500$ 4.6%345,500$ 25.0% Willernie 172,500$ 14.7%202,500$ 17.4%211,700$ 4.5%226,300$ 11.8%266,200$ 17.6% Woodbury 358,100$ 5.4%371,300$ 3.7%382,800$ 3.1%395,400$ 6.5%476,100$ 20.4% COUNTY MEDIAN 307,900$ 6.7%327,900$ 6.5%337,400$ 2.9%348,000$ 6.1%425,900$ 22.4% 33 | Page Single Family and Townhome/Condo breakdown (With improvement value ≥ $25,000) Historical County Median Residential Improved Value (Includes both Single Family and Townhome/Condo with improvement value ≥ $25,000) $307,900 $327,900 $337,400 $348,000 $425,900 $182,700 $197,100 $206,700 $216,900 $251,500 AY2018 AY2019 AY2020 AY2021 AY2022 Median Residential Value by Dwelling Type Townhome/Condo Single Family $277,100 $296,700 $306,600 $316,800 $384,200 AY2018 AY2019 AY2020 AY2021 AY2022 County Median Residential Improved Value 34 | Page OTHER ASSESSMENT RELATED INFORMATION New Construction Current New Construction Starts: All Classifications SFR TH/Condo Comm/Ind Apartment Exempt Total Calendar year 2021 2021 2021 2021 2021 2021 New Starts New Starts New Starts New Starts New Starts New Starts Afton 19 0 0 0 0 19 Bayport 8 0 0 0 0 8 Baytown 9 0 0 0 0 9 Birchwood 1 0 0 0 0 1 Cottage Grove 372 164 3 0 1 540 Dellwood 2 0 0 0 0 2 Denmark 15 0 0 0 0 15 Forest Lake 29 12 1 1 1 44 Grant 19 0 0 0 0 19 Grey Cloud 0 0 0 0 0 0 Hastings 0 0 0 0 0 0 Hugo 197 0 2 0 3 202 Lake Elmo 271 55 0 0 0 326 Lake St. Croix Beach 0 0 0 0 0 0 Lakeland 1 0 0 0 0 1 Lakeland Shores 0 0 0 0 0 0 Landfall 0 0 0 0 0 0 Mahtomedi 6 0 0 0 0 6 Marine 5 0 0 0 0 5 May 3 0 0 0 0 3 Newport 70 0 1 0 1 72 Oak Park Hgts 5 0 1 0 0 6 Oakdale 4 20 1 0 2 27 Pine Springs 0 0 0 0 0 0 St. Mary's Point 2 0 0 0 0 2 St. Paul Park 1 0 0 0 0 1 Scandia 20 0 0 0 0 20 Stillwater 39 0 1 1 0 41 Stillwater Twp 6 0 0 0 0 6 West Lakeland 18 0 0 0 0 18 White Bear Lake 0 0 0 0 0 0 Willernie 2 0 0 0 0 2 Woodbury 468 65 8 2 0 543 COUNTY 1,592 316 18 4 8 1,938 35 | Page Past & Current New Construction Starts: Single Family and Townhome/Condo Calendar year 2017 2018 2019 2020 2021 New Starts New Starts New Starts New Starts New Starts Afton 13 5 11 8 19 Bayport 26 34 26 28 8 Baytown 20 15 7 11 9 Birchwood 0 0 0 2 1 Cottage Grove 118 181 249 359 536 Dellwood 3 2 1 4 2 Denmark 8 9 9 13 15 Forest Lake 53 55 53 52 41 Grant 4 5 10 16 19 Grey Cloud 1 0 0 0 0 Hastings 0 0 0 0 0 Hugo 81 124 101 161 197 Lake Elmo 283 280 228 282 326 Lake St. Croix Beach 3 3 0 1 0 Lakeland 0 0 3 2 1 Lakeland Shores 0 0 0 0 0 Landfall 0 0 0 0 0 Mahtomedi 11 11 9 13 6 Marine 0 1 0 0 5 May 10 8 8 3 3 Newport 7 20 46 67 70 Oak Park Hgts 0 0 4 6 5 Oakdale 4 2 3 4 24 Pine Springs 0 0 1 0 0 St. Mary's Point 1 1 0 0 2 St. Paul Park 7 3 9 0 1 Scandia 22 16 11 7 20 Stillwater 42 38 50 33 39 Stillwater Twp 3 6 5 1 6 West Lakeland 5 6 4 8 18 White Bear Lake 0 0 0 0 0 Willernie 3 0 0 2 2 Woodbury 326 445 454 383 533 COUNTY 1,054 1,270 1,302 1,466 1,908 36 | Page Historical New Construction Summary: All Classifications Historical Comparison of New Construction: ay18–ay22 2017 2018 2019 2020 2021 ay2018 ay2019 ay2020 ay2021 ay2022 Single Family 916 1,062 1,144 1,247 1,592 Townhome/Condo 138 208 158 219 316 Apartment 11 13 16 10 4 Commercial/Industrial 23 33 14 14 18 Misc Permits 2,377 2,830 2,690 3,250 3,527 TOTAL 3,465 4,146 4,022 4,740 5,457 Taxable Value Added 537,246,400$ 661,822,400$ 620,711,300$ 703,302,300$ 987,855,900$ 3,465 4,146 4,022 4,740 5,457 AY2018 AY2019 AY2020 AY2021 AY2022 New Construction Reviews (New Starts & Misc. Permit) 37 | Page Appraiser Activity: Permit & Quintile Review Counts Current state law mandates that all property must be re-assessed each year and reviewed once every five years (aka quintile). Staff also inspects properties that have taken out a construction permit during the course of the year. During 2021 (for the 2022 assessment), the Assessor Division appraisers and locally hired assessors, reviewed 30,458 properties. The breakdown of the properties that were reviewed over the last five years. 2017 2018 2019 2020 2021 ay2018 ay2019 ay2020 ay2021 ay2022 Residential Quintile 19,377 19,727 21,400 24,160 23,008 Apt/CI Reviews 676 1,190 970 1,191 499 New Construction Reviews 3,465 4,146 4,022 4,740 5,457 Misc Reviews 0 0 28 0 1,494 TOTAL 23,518 25,063 26,420 30,091 30,458 38 | Page Appraiser Activity: Tax Petition Related Minnesota Tax Court has been established by the Minnesota Legislature for the purpose of hearing only tax related cases. The Court’s judges have expertise in tax laws and apply that knowledge in a manner to ensure that taxpayers are assessed in a fair and equitable way. The tax petition process is a complicated and ever-changing part of our business. The entire process continues to consume a large amount of our Commercial/Industrial/Apartment appraiser workload. The table below provides a summary of the petition filings in Washington County over the last five payable years. Petitions related to taxes payable 2021 increased in the number of petitions filed by 7.5% or 14 petitions. The only property use that showed an increase was the commercial/industrial class. Total value under petitions for pay2021 declined roughly 2% when compared to the previous year. The section titled petition value by classification indicates that the residential value under petition declined significantly while apartments, that have experienced substantial increases over the last several years, the value under petition declined by nearly 18%. Payable Year 2017 2018 2019 2020 2021 Residential 12 17 16 12 5 Commercial/Industrial 93 94 123 156 179 Apartment 5 18 22 19 17 TOTAL 110 129 161 187 201 Payable Year 2017 2018 2019 2020 2021779,084,100$ 967,278,300$ 1,297,975,600$ 1,719,577,900$ 1,686,979,000$ Payable Year 2017 2018 2019 2020 2021 Residential 20,168,200$ 30,299,900$ 18,568,700$ 18,685,600$ 4,333,700$ Commercial/Industrial 602,423,800$ 660,500,500$ 846,459,300$ 1,281,098,600$ 1,336,984,000$ Apartment 156,492,100$ 276,477,900$ 432,947,600$ 419,793,700$ 345,661,300$ TOTAL 779,084,100$ 967,278,300$ 1,297,975,600$ 1,719,577,900$ 1,686,979,000$ Number of Petitions Filed Value Under Petitions (All Classifications) Petition Value by Classification 39 | Page Tax Petitions: Number of Petitions Filed for Payable Years 2017-2021 Tax Petitions: Value Under Petitions for Payable Years 2017-2021 12 17 16 12 5 93 94 123 156 179 5 18 22 19 17 PAY 2017 PAY 2018 PAY 2019 PAY 2020 PAY 2021 Number of Petitions Filed by Classification Residential Commercial/Industrial Apartment $779,084,100 $967,278,300 $1,297,975,600 $1,719,577,900 $1,686,979,000 PAY 2017 PAY 2018 PAY 2019 PAY 2020 PAY 2021 Value Under Petitions (All Classifications) 40 | Page Assessment Process: Statutory Requirements Minnesota law establishes specific requirements for the entire property tax system, including the assessment of property (M.S. Chapter 273). These requirements have not changed during the past year. The laws require the following: 1. All real property is to be valued at market value, which is defined as the usual or most likely selling price at the time of assessment. Special qualified exclusions such as the Veterans’ Exclusion are subtracted from the market value to arrive at the taxable value. 2. Property is classified according to state law, and the tax capacity is calculated. 3. The tax capacity is multiplied by the tax rate (the total of county, school, city, and miscellaneous levies) to determine the amount of property tax. The annual property assessment focuses on the very first step of this process—establishing an estimated market value for each parcel of property. Market values are assessed locally by either a county employed appraiser or a locally hired assessor. The work of both county and local assessors is monitored by the County Assessor, whose work is in turn monitored by the Minnesota Department of Revenue. The monitoring agency is authorized by law to adjust the property assessment to help ensure county-wide and state-wide equalization of property assessments. The County Assessor has established the standard that all Washington County communities, with at least six (6) sales in their sales study, has a community median ratio in the range of 93%-95% of actual market values in relationship to time-adjusted sales prices. At times, local assessment levels have been adjusted by the County Assessor or the State of Minnesota. State law also requires that each individual property be reviewed by the assessor at least once every five years. Each community has a rotating revaluation schedule to ensure that this requirement is met. What is market value? Minnesota Statue 273.03 defines market value as “… the usual selling price at the time of assessment.” The Assessor’s Office works throughout the year to estimate market values of each property for the following January 2 assessment date. 41 | Page How is market value determined? Review Property: Approximately every fifth year, an appraiser working under the supervision of the County Assessor will review the property. Any property that had a building permit issued in a given year is reviewed and the new value is calculated as of January 2nd following the construction. Gather Information: The appraiser gathers information on all characteristics of the property that affect market value, such as size, age, quality of construction, basement finish, and extra features, such as fireplaces, walk-out basements, et cetera. Compute Value: The characteristics are entered into a computerized system (CAMA). Information on actual market sales are used to establish the building and component rates used to calculate the property’s value. The market value estimated by the appraiser in this way should be very close to the amount the property would sell for, if placed on the open market. Why may market value change from year to year? Property values change continuously depending on the economic conditions affecting the local market. In addition to market changes, physical changes made to a property can also affect its market value. All factors are considered in estimating the value of property. 42 | Page Explaining the Appeals Process In Minnesota, property tax laws provide the legal parameters that govern the work of assessors. These statutes lay down a cycle of assessment activities that are conducted on an annual basis. Each year, assessors are required to work on a number of tasks that include: listing, valuing, and classifying all taxable properties; processing both real and personal property transfers; analyzing market data; monitoring assessment levels for several different classes of property; and arranging and conducting an appeals process. The latter of these activities is a key part of the assessment cycle that provides property owners with an opportunity to review and, if necessary, challenge their estimate of market value and/or classification that will be used for taxation purposes in the following year. At what point in the assessment cycle does the appeals process begin? The appeals process begins in March and extends through June. When property owners receive their Valuation Notices during the month of March, they should read them carefully for instructions about deadlines, filing procedures, meeting dates and times. If they are not clear, they should call the assessor’s office for clarification and additional information because a missed deadline, an incorrect filing, or the failure to attend a scheduled meeting can cause an appeal to be dismissed. What steps should property owners take to appeal their assessments? There are two avenues of appeal that property owners may take to challenge their assessments. The first route is referred to as the three-step appeal and the second is known as the one-step appeal. These steps are illustrated in the flow chart on the following page. How should property owners begin their appeal? Property owners are encouraged to contact their appraiser to discuss their property assessment concerns. An informal meeting can be scheduled to review the property, examine market data, answer questions, and clarify the valuation and classification practices used. This discussion can also be handled by telephone, mail, or e-mail during regular business hours. 43 | Page Appeals Process: What are the options? Appeal to your Local Board of Appeal & Equalization (LBAE) or attend one of four regional Open Book meetings (meeting times & locations are listed on your valuation notice). •Appeal in person, by letter, or by designated representative. •If your appeal is not addressed to your satisfaction, or you and the County staff cannot agree to a change in valuation or classification, continue to the next step. Appeal to the Washington County Board of Appeal & Equalization (CBAE). •You must have first appealed to your LBAE (unless your property is in an Open Book community) Check your valuation notice to verify. •The CBAE meets in June - Call the Assessor’s Office at 651-430-6175 by May 5, 2022 to make an appointment. •If you still do not feel your concerns have been addressed to your satisfaction, you may next appeal to the Minnesota Tax Court. Appeal in the Minnesota Tax Court •Appeals may be filed up until April 30th of the year when the taxes are due. •The Tax Court can be contacted at 651-539-3260 for more information on procedures, forms, and filing fees. Regular Division •Can be used for any property type •Must be used for property assessed > $300,000 •Can be appealed to the Supreme Court Small Claims Division •All homestead property 1 unit/parcel/petition •Homestead classifications •Assessed < $300,000 •All decisions are final First Contact the County Assessor’s Office or your Local Assessor 651-430-6175. •Discuss your concerns with the assessor or an appraiser. •Compare values of neighboring or similar properties. •Review local comparable sales information. •If you and your assessor or the County staff do not agree, continue below: Appeal directly to Tax Court (One-Step Appeal) 44 | Page Assessment Calendar 45 | Page 46 | Page 47 | Page Local Board & Open Book Meeting Schedule City/Township Format Date Time LocationMarine on St Croix Local Board Tuesday, April 5, 2022 9:00-10:00 am Marine on St Croix City Hall 121 Judd StMahtomediLocal Board Wednesday, April 6, 2022 5:00-6:00 pm Mahtomedi City Hall 600 Stillwater RdHugoLocal Board Thursday, April 7, 2022 5:30-7:00 pm Hugo City Hall 14669 Fitzgerald Ave NBaytownLocal Board Monday, April 11, 2022 4:00-5:00 pm Baytown Community Center 4020 McDonald Dr NForest Lake Local Board Monday, April 11, 2022 5:30-6:30 pm Forest Lake City Hall 1408 Lake St S Dellwood - Virtual Local Board Monday, April 11, 2022 5:00-5:30 pm Call the Dellwood City Clerk at 651.429.1356 or visit www.dellwood.us for more details.Birchwood Local Board Tuesday, April 12, 2022 6:00-6:30 pm Birchwood Village City Hall 207 Birchwood AveDenmarkLocal Board Tuesday, April 12, 2022 4:30-5:30 pm Denmark Town Hall 14008 90th St SGrey Cloud Island Local Board Thursday, April 14, 2022 6:00-7:00 pm Grey Cloud Island Town Hall 9910 Grey Cloud Island Dr SScandiaLocal Board Monday, April 18, 2022 5:00-6:00 pm Scandia Community Center 14727 209th St NLake Elmo Local Board Wednesday, April 20, 2022 5:00-7:00 pm Lake Elmo City Hall 3800 Laverne Ave N May - Virtual Local Board Wednesday, April 20, 2022 9:00-9:30 am Call May Town Hall at 651.491.1706 prior to the scheduled meeting or visit www.townofmay.org for more details.Willernie Local Board Monday, April 25, 2022 5:30-6:30 pm Willernie City Hall 111 Wildwood RdAftonOpen BookBayportOpen BookCottage Grove Open BookGrantOpen BookHastingsOpen Book Regional Open Book-Cottage Grove Cottage Grove City Hall Lake St Croix Beach Open Book Thursday, April 7, 2022 5:00-7:00 pm 12800 Ravine Pkwy SLakelandOpen BookLakeland Shores Open BookLandfallOpen Book Regional Open Book-Oakdale Oakdale City Hall Newport Open Book Wednesday, April 13, 2022 5:00-7:00 pm 1584 Hadley Ave NOak Park Heights Open BookOakdaleOpen BookPine Springs Open Book Regional Open Book-Stillwater Washington Cty Govt Center St Mary's Point Open Book Wednesday, April 20, 2022 2:00-7:00 pm 14949 62nd St NSt Paul Park Open BookStillwater City Open BookStillwater Township Open Book Regional Open Book-Woodbury Woodbury City Hall West Lakeland Open Book Thursday, April 21, 2022 5:00-7:00 pm 8301 Valley Creek RdWhite Bear Lake Open BookWoodburyOpen Book County Board Meeting Tuesday, June 14, 2022 5:00 pm **By Appointment Government Center - Stillwater Tuesday, June 21, 2022 11:00 am (times subject to change) **Appointment deadline to sign up for County Board meeting is Wednesday, May 4, 2022 2022 Meeting Schedule May attend any one of four Regional Open Book meetings