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09.f2 Washington County 2023 Assessment Report ASSESSMENT REPORT This report includes specific information regarding the 2023 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 ................................................................................................ 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: Value Under Petitions for Payable Years 2018-2022 ...................................... 39 Assessment Process: Statutory Requirements ................................................................................... 40 Explaining the Appeals Process ................................................................................................................ 42 Assessment Calendar .................................................................................................................................... 44 2023 Local Board & Open Book Meeting Schedule ............................................................................ 47 3 | P a g e INTRODUCTION The Washington County Assessor Division has prepared this 2023 Assessment Report for use by the County Board, City Councils, Town Boards, residents, and staff. This report includes specific information regarding the 2023 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 2023 assessment are based upon actual real estate market trends of Washington County properties from October 1, 2021 through September 30, 2022. 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 estimated 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.” Lisa Young, S.A.M.A. Washington County Assessor 4 | P a g e 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, 2021 and September 30, 2022 are used to establish the January 2, 2023 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 2023 assessment is 93%-96%. 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 | P a g e 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%-96% 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 regressivity 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 | P a g e 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 1 st 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 10/1/17- 9/30/18 10/1/18- 9/30/19 10/1/19- 9/30/20 10/1/20- 9/30/21 10/1/21- 9/30/22 ay2019 ay2020 ay2021 ay2022 ay2023 Apartment 13 12 10 10 6 Commercial 37 51 49 61 59 Residential 3,907 4,103 4,004 4,341 3,810 Single Family 2,648 2,873 2,719 2,996 2,621 Townhome/Condo 1,259 1,230 1,285 1,345 1,189 TOTAL 3,957 4,166 4,063 4,412 3,875 7 | P a g e Residential/SRR (Seasonal Rec) sales count ay2019-ay2023 Sales Period 10/1/17- 9/30/18 10/1/18- 9/30/19 10/1/19- 9/30/20 10/1/20- 9/30/21 10/1/21- 9/30/22 Difference from Previous Year ay2019 ay2020 ay2021 ay2022 ay2023 Afton 35 39 36 34 24 -10 Bayport 29 42 31 50 42 -8 Baytown 26 23 23 20 33 13 Birchwood 9 20 12 12 16 4 Cottage Grove 513 577 527 585 513 -72 Dellwood 15 12 12 18 14 -4 Denmark 12 8 15 10 11 1 Forest Lake 254 268 267 290 300 10 Grant 43 50 45 51 37 -14 Grey Cloud 2 5 4 3 2 -1 Hastings 0 0 0 0 0 0 Hugo 348 337 323 316 315 -1 Lake Elmo 105 162 166 172 135 -37 Lake St. Croix 12 13 17 12 16 4 Lakeland 25 19 22 25 23 -2 Lakeland Shores 2 6 1 3 3 0 Landfall 0 0 0 0 0 0 Mahtomedi 107 116 113 117 100 -17 Marine 14 17 15 14 9 -5 May 40 30 36 30 32 2 Newport 37 46 43 48 55 7 Oak Park Hgts 65 53 69 55 46 -9 Oakdale 452 439 391 404 388 -16 Pine Springs 6 4 5 4 5 1 St. Mary's Point 2 2 6 5 7 2 St. Paul Park 84 72 62 84 77 -7 Scandia 43 45 52 69 30 -39 Stillwater 320 343 344 363 308 -55 Stillwater Twp 16 17 14 22 25 3 West Lakeland 32 38 41 44 39 -5 White Bear Lake 4 1 2 4 1 -3 Willernie 8 6 13 12 13 1 Woodbury 1,247 1,293 1,297 1,465 1,191 -274 COUNTY 3,907 4,103 4,004 4,341 3,810 -531 8 | P a g e 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 homeowner 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. 3,907 4,103 4,004 4,341 3,810 179 91 54 22 6 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 ay2019 ay2020 ay2021 ay2022 ay2023 Comparison of Arm's-Length & Lender-Mediated Sales ay19-ay23 Arm's-Length Sales Lender-Mediated Sales 9 | P a g e Residential Lender Mediated sales count ay2019-ay2023 Sales Period 10/1/17- 9/30/18 10/1/18- 9/30/19 10/1/19- 9/30/20 10/1/20- 9/30/21 10/1/21- 9/30/22 ay2019 ay2020 ay2021 ay2022 ay2023 Afton 2 3 0 0 0 Bayport 1 1 2 1 0 Baytown 1 0 0 0 0 Birchwood 2 0 0 0 0 Cottage Grove 23 18 9 2 1 Dellwood 2 0 0 0 0 Denmark 1 0 0 0 0 Forest Lake 24 8 5 1 2 Grant 0 3 3 2 0 Grey Cloud 1 2 0 0 0 Hastings 0 0 0 0 0 Hugo 12 4 2 2 1 Lake Elmo 3 2 2 0 0 Lake St. Croix 1 1 0 1 0 Lakeland 3 1 0 0 0 Lakeland Shores 0 0 0 0 0 Landfall 0 0 0 0 0 Mahtomedi 9 3 2 0 0 Marine 0 0 0 0 0 May 1 1 1 0 0 Newport 3 4 2 0 0 Oak Park Hgts 5 0 0 0 0 Oakdale 22 9 8 6 0 Pine Springs 0 0 0 0 0 St. Mary's Point 2 0 0 0 0 St. Paul Park 8 8 3 2 0 Scandia 2 1 0 1 0 Stillwater 11 7 2 0 2 Stillwater Twp 3 0 1 1 0 West Lakeland 0 0 0 0 0 White Bear Lake 1 0 0 0 0 Willernie 2 0 0 0 0 Woodbury 34 15 12 3 0 COUNTY 179 91 54 22 6 10 | P a g e County Sales Statistics by Classification 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 10/1/17- 9/30/18 10/1/18- 9/30/19 10/1/19- 9/30/20 10/1/20- 9/30/21 10/1/21- 9/30/22 ay2019 ay2020 ay2021 ay2022 ay2023 Number of Sales 13 12 10 10 6 Median 95.7% 94.3% 94.9% 94.5% 94.7% Mean 94.6% 96.3% 103.0% 92.0% 95.2% COD 5.3 6.1 5.7 2.6 2.9 Sales Period 10/1/17- 9/30/18 10/1/18- 9/30/19 10/1/19- 9/30/20 10/1/20- 9/30/21 10/1/21- 9/30/22 ay2019 ay2020 ay2021 ay2022 ay2023 Number of Sales 37 51 49 61 59 Median 96.8% 95.7% 95.5% 99.5% 93.9% Mean 98.5% 99.4% 93.8% 101.9% 94.4% COD 21.8 10.0 8.3 7.4 7.5 Sales Period 10/1/17- 9/30/18 10/1/18- 9/30/19 10/1/19- 9/30/20 10/1/20- 9/30/21 10/1/21- 9/30/22 ay2019 ay2020 ay2021 ay2022 ay2023 Number of Sales 3,907 4,103 4,004 4,341 3,810 Median 95.6% 95.2% 93.6% 93.8% 93.3% Mean 96.0% 95.7% 94.1% 94.2% 94.4% COD 6.5 6.1 5.8 8.0 7.2 11 | P a g e 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, 2021 and September 30, 2022. 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 2023 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 24 93.6% . . 300,000$ 2,900,000$ Bayport 42 94.0% 5.76 1.018 225,000$ 1,220,000$ Baytown 33 93.6% 11.42 1.025 400,000$ 1,320,000$ Birchwood 16 95.8% . . 250,000$ 700,000$ Cottage Grove 513 93.5% 7.36 1.012 85,050$ 965,000$ Dellwood 14 93.5% . . 599,000$ 2,525,000$ Denmark 11 93.3% . . 325,000$ 1,450,000$ Forest Lake 300 92.6% 7.63 1.008 125,000$ 1,740,000$ Grant 37 93.5% 9.44 1.024 368,775$ 1,850,000$ Grey Cloud 2 106.2% . . 170,000$ 375,000$ Hastings 0 0.0% . . -$ -$ Hugo 315 93.7% 6.67 1.005 178,000$ 1,201,000$ Lake Elmo 135 93.5% 6.70 1.004 200,000$ 1,600,000$ Lake St. Croix 16 93.9% . . 148,500$ 999,000$ Lakeland 23 93.9% . . 230,000$ 3,020,000$ Lakeland Shores 3 81.7% . . 270,000$ 751,000$ Landfall 0 0.0% . . -$ -$ Mahtomedi 100 94.7% 9.30 1.034 226,000$ 1,600,000$ Marine 9 96.5% . . 290,000$ 558,000$ May 32 93.4% 13.13 1.028 276,200$ 1,950,000$ Newport 55 93.2% 10.71 0.990 135,000$ 844,990$ Oak Park Hgts 46 92.9% 11.28 1.027 143,000$ 700,000$ Oakdale 388 93.6% 6.82 1.005 84,500$ 799,000$ Pine Springs 5 93.7% . . 450,000$ 830,000$ St. Mary's Point 7 93.7% . . 125,000$ 621,500$ St. Paul Park 77 93.9% 7.81 1.004 120,000$ 420,000$ Scandia 30 93.4% 12.96 1.036 250,000$ 1,300,000$ Stillwater 308 92.9% 9.72 1.019 172,500$ 1,340,000$ Stillwater Twp 25 93.2% . . 300,000$ 1,310,000$ West Lakeland 39 93.8% 11.20 0.990 364,900$ 2,200,000$ White Bear Lake 1 98.2% . . 345,000$ 345,000$ Willernie 13 94.1% . . 188,665$ 560,000$ Woodbury 1,191 93.8% 6.31 1.003 151,320$ 1,375,000$ COUNTY 3,810 93.3% 7.95 1.012 84,500$ 3,020,000$ 12 | P a g e Historic Average Sale Prices: Single Family & Townhome/Condo ay2019 ay2020 ay2021 ay2022 ay2023 Afton 555,200$ 576,600$ 604,345$ 722,300$ 724,500$ Bayport 423,100$ 355,800$ 350,999$ 361,000$ 436,400$ Baytown 603,200$ 657,000$ 687,415$ 754,000$ 894,000$ Birchwood 393,700$ 566,800$ 384,548$ 494,800$ 438,800$ Cottage Grove 266,400$ 282,100$ 303,060$ 344,300$ 371,500$ Dellwood 740,400$ 1,215,100$ 969,333$ 1,100,000$ 1,226,900$ Denmark 525,300$ 466,100$ 875,786$ 697,300$ 751,800$ Forest Lake 265,400$ 312,200$ 294,563$ 375,900$ 383,600$ Grant 619,500$ 634,900$ 673,901$ 672,700$ 754,200$ Grey Cloud 298,500$ 370,800$ 561,717$ 564,700$ 272,500$ Hastings -$ -$ -$ -$ Hugo 254,300$ 277,300$ 300,311$ 449,900$ 392,000$ Lake Elmo 519,300$ 480,600$ 537,760$ 619,000$ 657,300$ Lake St. Croix 215,800$ 248,500$ 266,870$ 354,800$ 411,700$ Lakeland 444,600$ 334,900$ 414,202$ 571,200$ 538,700$ Lakeland Shores 650,000$ 356,400$ 1,625,000$ 1,004,700$ 502,300$ Landfall -$ -$ -$ -$ Mahtomedi 407,900$ 421,400$ 409,456$ 527,900$ 471,400$ Marine 511,400$ 366,000$ 422,754$ 572,400$ 386,100$ May 474,500$ 587,800$ 597,749$ 691,800$ 754,800$ Newport 234,300$ 257,500$ 294,723$ 304,500$ 357,800$ Oak Park Hgts 229,800$ 244,500$ 247,558$ 284,700$ 337,300$ Oakdale 231,500$ 240,200$ 260,361$ 288,000$ 320,500$ Pine Springs 426,200$ 434,100$ 408,850$ 663,700$ 648,000$ St. Mary's Point 601,000$ 954,900$ 968,883$ 544,000$ 429,300$ St. Paul Park 210,700$ 230,400$ 234,443$ 267,000$ 286,400$ Scandia 387,200$ 376,200$ 448,700$ 499,100$ 578,800$ Stillwater 340,400$ 343,900$ 352,427$ 413,300$ 462,700$ Stillwater Twp 666,500$ 542,500$ 570,652$ 802,900$ 696,800$ West Lakeland 523,100$ 547,700$ 585,678$ 695,200$ 841,900$ White Bear Lake 270,100$ 279,000$ 263,268$ 390,600$ 345,000$ Willernie 236,400$ 210,000$ 273,820$ 277,800$ 326,500$ Woodbury 317,200$ 346,500$ 357,373$ 411,600$ 441,000$ COUNTY AVERAGE 314,500$ 337,000$ 355,283$ 410,300$ 437,500$ 13 | P a g e PAST & CURRENT YEAR ADJUSTMENTS/PARCEL COUNT SECTION Agricultural Class Summary: Current Year Adjustments ay2023 Number of ay2023 ay2022 ay2023 New Construction Parcels Agricultural Value Agricultural Value % Growth Afton 2,303,700$ 169 168,570,200$ 129,553,300$ 28.3% Bayport -$ 0 -$ -$ 0.0% Baytown 29,900$ 44 29,248,400$ 24,486,700$ 19.3% Birchwood -$ 0 -$ -$ 0.0% Cottage Grove -$ 158 133,825,200$ 127,439,500$ 5.0% Dellwood -$ 5 5,351,200$ 3,750,100$ 42.7% Denmark 1,264,000$ 333 192,431,900$ 169,342,600$ 12.9% Forest Lake 390,600$ 152 75,781,300$ 72,448,100$ 4.1% Grant 686,500$ 142 116,959,500$ 104,834,100$ 10.9% Grey Cloud -$ 10 5,136,600$ 5,053,100$ 1.7% Hastings -$ 1 28,500$ 28,500$ 0.0% Hugo 752,300$ 264 157,270,000$ 137,975,600$ 13.4% Lake Elmo -$ 118 105,243,500$ 96,206,500$ 9.4% Lake St. Croix -$ 0 -$ -$ 0.0% Lakeland -$ 4 1,866,700$ 1,731,000$ 7.8% Lakeland Shores -$ 0 -$ -$ 0.0% Landfall -$ 0 -$ -$ 0.0% Mahtomedi -$ 2 449,500$ 387,100$ 16.1% Marine -$ 9 5,645,000$ 5,460,000$ 3.4% May 1,151,600$ 311 208,602,700$ 181,499,700$ 14.3% Newport -$ 3 8,030,200$ 6,579,500$ 22.0% Oak Park Hgts -$ 0 -$ -$ 0.0% Oakdale -$ 4 8,823,000$ 8,106,600$ 8.8% Pine Springs -$ 0 -$ -$ 0.0% St. Mary's Point -$ 0 -$ -$ 0.0% St. Paul Park 6,400$ 63 4,541,200$ 3,792,300$ 19.6% Scandia 177,500$ 313 138,012,200$ 130,600,100$ 5.5% Stillwater -$ 4 3,680,600$ 3,427,600$ 7.4% Stillwater Twp 146,800$ 110 81,703,500$ 68,359,100$ 19.3% West Lakeland -$ 45 32,747,700$ 31,040,200$ 5.5% White Bear Lake -$ 0 -$ -$ 0.0% Willernie -$ 0 -$ -$ 0.0% Woodbury 46,400$ 90 166,925,700$ 174,028,600$ -4.1% COUNTY 6,955,700$ 2,354 1,650,874,300$ 1,486,129,900$ 10.6% 14 | P a g e Agricultural Class: Past & Current Year Adjustments ay2019 ay2020 ay2021 ay2022 ay2023 5-Year Change Afton 3.6% 6.7% 3.2% 21.6% 28.3% 63.6% Bayport 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Baytown 0.7% 14.4% 5.7% 15.3% 19.3% 55.4% Birchwood 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Cottage Grove -3.6% 0.1% -3.0% 18.6% 5.0% 17.0% Dellwood 0.4% 2.7% 16.8% 39.6% 42.7% 102.2% Denmark -1.0% 6.4% 3.0% 26.9% 12.9% 48.3% Forest Lake 2.4% 2.1% 3.0% 26.6% 4.1% 38.2% Grant 0.2% 4.1% 3.6% 29.1% 10.9% 47.9% Grey Cloud 3.8% 1.0% 0.1% 25.9% 1.7% 32.5% Hastings 0.0% 0.0% 0.0% 19.7% 0.0% 19.7% Hugo -2.4% 6.3% 1.9% 22.6% 13.4% 41.8% Lake Elmo -6.6% 5.8% -5.4% 28.1% 9.4% 31.4% Lake St. Croix 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Lakeland -45.9% -12.3% 0.0% 15.2% 7.8% -35.2% 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% -22.9% 25.0% 16.1% 18.3% Marine 0.9% 13.3% 7.2% 36.5% 3.4% 61.3% May 10.2% 8.4% 4.2% 29.0% 14.3% 66.2% Newport -7.7% 0.2% 2.1% 20.9% 22.0% 37.6% Oak Park Hgts 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Oakdale -25.0% 0.4% -60.8% 15.3% 8.8% -61.3% 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 0.2% 0.1% 3.8% 26.4% 19.6% 50.0% Scandia 10.1% 5.4% 1.4% 30.0% 5.5% 52.4% Stillwater -1.2% 10.7% -78.8% 16.4% 7.4% -45.6% Stillwater Twp 4.6% 5.1% -0.4% 23.1% 19.3% 51.6% West Lakeland -4.2% 2.9% 0.2% 18.9% 5.5% 23.3% 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% 13.1% -11.4% 13.6% -4.1% 5.1% COUNTY -0.3% 6.3% -2.0% 23.7% 10.6% 38.3% 15 | P a g e Agricultural Class: Parcel Counts ay2019 ay2020 ay2021 ay2022 ay2023 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 156 170 172 173 169 -4 Bayport 0 0 0 0 0 0 Baytown 43 50 50 46 44 -2 Birchwood 0 0 0 0 0 0 Cottage Grove 175 170 165 160 158 -2 Dellwood 6 6 6 5 5 0 Denmark 334 339 338 333 333 0 Forest Lake 145 148 150 153 152 -1 Grant 142 142 143 144 142 -2 Grey Cloud 10 10 10 10 10 0 Hastings 1 1 1 1 1 0 Hugo 251 258 265 264 264 0 Lake Elmo 113 117 122 118 118 0 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 9 9 9 9 0 May 276 312 311 312 311 -1 Newport 3 3 3 3 3 0 Oak Park Hgts 0 0 0 0 0 0 Oakdale 5 4 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 58 63 5 Scandia 319 327 327 323 313 -10 Stillwater 2 5 4 4 4 0 Stillwater Twp 104 108 108 109 110 1 West Lakeland 44 46 47 46 45 -1 White Bear Lake 0 0 0 0 0 0 Willernie 0 0 0 0 0 0 Woodbury 98 103 102 97 90 -7 COUNTY 2,297 2,391 2,400 2,378 2,354 -24 +/- 16 | P a g e Apartment Class Summary: Current Year Adjustments ay2023 Number of ay2023 ay2022 ay2023 New Construction Parcels Apartment Value Apartment Value % Growth Afton -$ 2 2,210,500$ 1,884,100$ 17.3% Bayport 21,300$ 22 26,719,500$ 24,830,300$ 7.5% Baytown -$ 1 769,700$ 745,000$ 3.3% Birchwood -$ 0 -$ -$ 0.0% Cottage Grove 20,931,400$ 45 228,847,100$ 200,799,200$ 3.5% Dellwood -$ 0 -$ -$ 0.0% Denmark -$ 1 1,324,100$ 1,137,800$ 16.4% Forest Lake 17,696,000$ 74 309,491,600$ 255,628,700$ 14.1% Grant -$ 1 1,474,200$ 1,191,800$ 23.7% Grey Cloud -$ 0 -$ -$ 0.0% Hastings -$ 0 -$ -$ 0.0% Hugo 2,238,800$ 11 56,788,400$ 51,005,500$ 6.9% Lake Elmo 44,676,000$ 10 124,107,300$ 74,650,800$ 6.4% Lake St. Croix -$ 1 618,000$ 551,600$ 12.0% Lakeland -$ 2 929,000$ 888,200$ 4.6% Lakeland Shores -$ 0 -$ -$ 0.0% Landfall -$ 0 -$ -$ 0.0% Mahtomedi 3,879,000$ 19 82,038,900$ 71,452,500$ 9.4% Marine -$ 2 493,100$ 481,800$ 2.3% May -$ 0 -$ -$ 0.0% Newport -$ 42 76,037,000$ 63,984,500$ 18.8% Oak Park Hgts 14,500$ 33 181,670,000$ 176,100,200$ 3.2% Oakdale 44,820,000$ 57 378,921,300$ 291,216,900$ 14.7% Pine Springs -$ 0 -$ -$ 0.0% St. Mary's Point -$ 0 -$ -$ 0.0% St. Paul Park -$ 31 9,421,400$ 9,411,900$ 0.1% Scandia -$ 2 -$ -$ 0.0% Stillwater 9,546,200$ 81 189,318,000$ 166,044,100$ 8.3% Stillwater Twp -$ 0 -$ -$ 0.0% West Lakeland -$ 1 935,600$ 804,100$ 16.4% White Bear Lake -$ 1 14,296,300$ 15,699,000$ -8.9% Willernie -$ 1 1,096,000$ 1,134,200$ -3.4% Woodbury 89,528,700$ 79 1,152,756,100$ 1,036,473,300$ 2.6% COUNTY 233,351,900$ 519 2,840,263,100$ 2,446,115,500$ 6.6% 17 | P a g e Apartment Class: Past & Current Year Adjustments ay2019 ay2020 ay2021 ay2022 ay2023 5-Year Change Afton 19.5% 15.9% 17.5% 1.8% 17.3% 71.9% Bayport 7.2% 8.1% 6.0% 17.0% 7.5% 45.8% Baytown 53.1% 0.0% 0.0% 8.8% 3.3% 65.2% Birchwood 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Cottage Grove 9.1% 3.7% 2.8% 31.6% 3.5% 50.8% Dellwood 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Denmark 7.8% 1.7% -24.8% 10.1% 16.4% 11.0% Forest Lake 11.0% 4.9% 2.5% 18.3% 14.1% 50.8% Grant 4.2% 0.0% 4.6% 4.6% 23.7% 37.1% 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 10.4% 2.1% 13.1% 17.6% 6.9% 50.1% Lake Elmo 3.6% 15.8% 52.1% 9.7% 6.4% 87.6% Lake St. Croix 64.9% 16.7% 30.7% 27.5% 12.0% 151.8% Lakeland 23.5% 7.8% 25.4% 15.1% 4.6% 76.4% 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 29.9% -10.7% 2.1% 12.9% 9.4% 43.7% Marine 49.6% 1.1% 7.8% 15.2% 2.3% 76.0% May 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Newport 13.0% 12.2% 1.8% 15.3% 18.8% 61.2% Oak Park Hgts 16.0% 3.0% 2.6% 16.0% 3.2% 40.8% Oakdale 12.5% 7.0% 4.1% 28.6% 14.7% 66.9% 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 16.5% 6.4% 3.2% 22.7% 0.1% 49.0% Scandia 6.4% 5.7% 3.3% 16.7% 32.1% Stillwater 18.3% 12.7% 4.8% 27.0% 8.3% 71.0% Stillwater Twp 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% West Lakeland 4.3% 100.0% 4.0% 13.4% 16.4% 138.2% White Bear Lake 0.0% -34.5% 1.7% 10.6% -8.9% -31.1% Willernie 28.3% 5.9% 1.5% 11.6% -3.4% 44.0% Woodbury 14.6% 5.3% 7.6% 16.1% 2.6% 46.1% COUNTY 13.9% 4.7% 5.5% 19.4% 6.6% 50.1% 18 | P a g e Apartment Class: Parcel Counts ay2019 ay2020 ay2021 ay2022 ay2023 # 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 37 39 41 44 45 1 Dellwood 0 0 0 0 0 0 Denmark 2 2 1 1 1 0 Forest Lake 71 71 71 73 74 1 Grant 1 1 1 2 1 -1 Grey Cloud 0 0 0 0 0 0 Hastings 0 0 0 0 0 0 Hugo 6 6 9 11 11 0 Lake Elmo 7 7 10 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 17 17 17 17 19 2 Marine 2 2 2 2 2 0 May 0 0 0 0 0 0 Newport 42 42 42 42 42 0 Oak Park Hgts 35 35 33 33 33 0 Oakdale 50 51 51 56 57 1 Pine Springs 0 0 0 0 0 0 St. Mary's Point 0 0 0 0 0 0 St. Paul Park 31 31 31 31 31 0 Scandia 3 3 3 3 2 -1 Stillwater 73 79 79 80 81 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 60 66 75 81 79 -2 COUNTY 468 483 497 517 519 2 +/- 19 | P a g e Commercial/Industrial Class Summary: Current Year Adjustments ay2023 Number of ay2023 ay2022 ay2023 New Construction Parcels Comm/Ind Value Comm/Ind Value % Growth Afton -$ 38 43,153,100$ 37,228,000$ 15.9% Bayport -$ 107 52,036,600$ 43,486,300$ 19.7% Baytown -$ 12 3,531,400$ 2,694,000$ 31.1% Birchwood -$ 0 -$ -$ 0.0% Cottage Grove 49,040,800$ 568 600,877,100$ 434,216,800$ 27.1% Dellwood -$ 26 21,662,700$ 18,743,500$ 15.6% Denmark 615,000$ 65 41,899,800$ 33,748,800$ 22.3% Forest Lake 3,097,700$ 544 366,446,300$ 299,214,100$ 21.4% Grant -$ 93 25,797,100$ 22,166,700$ 16.4% Grey Cloud -$ 22 3,923,000$ 3,606,400$ 8.8% Hastings -$ 5 2,019,500$ 1,837,500$ 9.9% Hugo -$ 205 224,187,800$ 184,412,300$ 21.6% Lake Elmo 14,350,500$ 204 227,097,900$ 177,285,200$ 20.0% Lake St. Croix -$ 9 2,856,500$ 2,342,900$ 21.9% Lakeland -$ 38 16,816,300$ 14,678,200$ 14.6% Lakeland Shores -$ 9 3,158,900$ 2,808,200$ 12.5% Landfall -$ 7 11,790,700$ 9,599,000$ 22.8% Mahtomedi -$ 68 79,456,300$ 64,909,800$ 22.4% Marine -$ 16 4,024,200$ 3,545,100$ 13.5% May -$ 8 3,286,600$ 3,153,500$ 4.2% Newport -$ 197 104,579,600$ 84,852,700$ 23.2% Oak Park Hgts 1,790,800$ 215 287,277,400$ 245,945,400$ 16.1% Oakdale 15,684,600$ 398 673,936,100$ 559,091,100$ 17.7% Pine Springs -$ 0 -$ -$ 0.0% St. Mary's Point -$ 0 100,000$ 100,000$ 0.0% St. Paul Park 151,900$ 201 76,296,300$ 53,789,500$ 41.6% Scandia 127,500$ 72 21,908,200$ 18,672,500$ 16.6% Stillwater 3,711,600$ 391 468,501,500$ 392,110,400$ 18.5% Stillwater Twp -$ 6 1,923,700$ 1,899,200$ 1.3% West Lakeland -$ 33 20,380,900$ 16,462,300$ 23.8% White Bear Lake 35,000$ 9 8,199,200$ 6,735,900$ 21.2% Willernie -$ 33 7,945,500$ 6,371,400$ 24.7% Woodbury 40,762,900$ 577 1,969,803,500$ 1,632,081,200$ 18.2% COUNTY 129,368,300$ 4,176 5,374,873,700$ 4,377,787,900$ 19.8% 20 | P a g e Commercial/Industrial Class: Past & Current Year Adjustments ay2019 ay2020 ay2021 ay2022 ay2023 5-Year Change Afton 3.4% 7.0% 4.4% 14.4% 15.9% 45.0% Bayport 1.8% 8.5% 4.4% -0.7% 19.7% 33.7% Baytown 0.0% 1.1% 5.8% 6.0% 31.1% 44.0% Birchwood 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Cottage Grove 1.2% 8.9% 7.1% 5.1% 27.1% 49.3% Dellwood 1.8% -0.4% 10.0% 18.3% 15.6% 45.4% Denmark 9.8% 9.5% 11.3% 5.0% 22.3% 57.9% Forest Lake -0.9% 3.5% 8.8% 1.0% 21.4% 33.8% Grant 0.5% 7.3% 6.4% -3.2% 16.4% 27.3% Grey Cloud 5.1% 15.8% -1.5% 9.7% 8.8% 37.9% Hastings -6.9% -4.7% 10.0% 0.0% 9.9% 8.3% Hugo 2.1% 11.8% 5.9% 5.4% 21.6% 46.7% Lake Elmo 2.8% 0.8% 7.7% 3.7% 20.0% 35.0% Lake St. Croix 0.2% 6.0% 9.8% 2.7% 21.9% 40.6% Lakeland 0.1% 0.7% 4.5% 0.1% 14.6% 20.0% Lakeland Shores 0.0% -9.2% 13.3% -0.2% 12.5% 16.4% Landfall 17.9% 0.0% 10.0% 0.0% 22.8% 50.7% Mahtomedi 3.6% 10.2% 5.2% 5.9% 22.4% 47.4% Marine -0.7% 32.4% -19.0% -0.5% 13.5% 25.7% May -0.5% -0.3% 7.1% 10.6% 4.2% 21.1% Newport -0.6% 7.3% 5.3% 4.1% 23.2% 39.5% Oak Park Hgts -0.8% 2.8% 9.5% 1.7% 16.1% 29.1% Oakdale 3.0% 6.8% 8.1% 3.0% 17.7% 38.7% 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 19.0% 7.9% 24.4% 22.0% 41.6% 114.8% Scandia -0.1% 7.7% 8.7% 6.9% 16.6% 39.8% Stillwater 0.5% 6.2% 9.1% 1.2% 18.5% 35.5% Stillwater Twp -33.2% -31.4% 9.3% 7.0% 1.3% -47.1% West Lakeland 4.7% 8.7% 8.2% 6.8% 23.8% 52.2% White Bear Lake 0.7% -5.0% 10.0% -0.1% 21.2% 26.8% Willernie 3.0% 1.9% 8.3% 2.3% 24.7% 40.3% Woodbury 3.7% 5.3% 9.0% 1.8% 18.2% 38.0% COUNTY 2.4% 5.9% 8.4% 2.9% 19.8% 39.4% 21 | P a g e Commercial/Industrial Class: Parcel Counts ay2019 ay2020 ay2021 ay2022 ay2023 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 35 37 36 39 38 -1 Bayport 107 107 107 107 107 0 Baytown 10 10 10 10 12 2 Birchwood 0 0 0 0 0 0 Cottage Grove 428 503 567 567 568 1 Dellwood 29 28 28 28 26 -2 Denmark 65 66 66 65 65 0 Forest Lake 562 549 546 546 544 -2 Grant 94 94 95 93 93 0 Grey Cloud 24 24 21 22 22 0 Hastings 5 5 5 5 5 0 Hugo 192 191 194 195 205 10 Lake Elmo 207 201 201 201 204 3 Lake St. Croix 9 9 9 9 9 0 Lakeland 39 38 38 38 38 0 Lakeland Shores 8 9 9 9 9 0 Landfall 7 7 7 7 7 0 Mahtomedi 77 77 78 77 68 -9 Marine 16 17 17 16 16 0 May 8 8 8 8 8 0 Newport 219 205 197 197 197 0 Oak Park Hgts 223 220 220 220 215 -5 Oakdale 399 394 398 393 398 5 Pine Springs 0 0 0 0 0 0 St. Mary's Point 0 0 0 0 0 0 St. Paul Park 203 200 201 200 201 1 Scandia 77 77 77 75 72 -3 Stillwater 397 408 400 394 391 -3 Stillwater Twp 6 5 6 6 6 0 West Lakeland 33 34 34 33 33 0 White Bear Lake 9 9 9 9 9 0 Willernie 33 33 33 33 33 0 Woodbury 574 577 575 574 577 3 COUNTY 4,095 4,142 4,192 4,176 4,176 0 +/- 22 | P a g e Residential/SRR Class Summary: Current Year Adjustments ay2023 Number of ay2023 ay2022 ay2023 New Construction Parcels Res/SRR Value Res/SRR Value % Growth Afton 14,384,700$ 1255 859,469,000$ 741,317,500$ 14.0% Bayport 6,983,200$ 1,023 424,268,500$ 375,534,900$ 11.1% Baytown 10,739,100$ 872 648,012,900$ 538,154,200$ 18.4% Birchwood 659,300$ 415 215,940,600$ 216,959,000$ -0.8% Cottage Grove 189,337,500$ 14,177 5,353,073,600$ 4,699,140,300$ 9.9% Dellwood 7,819,100$ 506 504,544,100$ 457,816,400$ 8.5% Denmark 3,900,000$ 744 446,749,800$ 420,076,100$ 5.4% Forest Lake 18,266,500$ 7,381 2,770,816,100$ 2,628,171,900$ 4.7% Grant 11,783,400$ 1,755 1,140,463,100$ 1,044,564,800$ 8.1% Grey Cloud 8,300$ 151 54,833,000$ 54,380,500$ 0.8% Hastings -$ 4 787,100$ 758,800$ 3.7% Hugo 79,390,700$ 6,468 2,683,825,200$ 2,434,544,600$ 7.0% Lake Elmo 107,755,300$ 4,902 2,772,212,500$ 2,571,150,300$ 3.6% Lake St. Croix 895,400$ 714 176,182,000$ 159,137,200$ 10.1% Lakeland 841,100$ 787 330,216,300$ 312,966,700$ 5.2% Lakeland Shores 46,500$ 144 78,128,500$ 74,503,700$ 4.8% Landfall -$ 1 213,200$ 172,200$ 23.8% Mahtomedi 6,239,000$ 3,011 1,421,183,500$ 1,394,152,600$ 1.5% Marine 2,373,600$ 511 183,697,200$ 186,175,800$ -2.6% May 5,603,600$ 1,427 837,039,700$ 771,338,600$ 7.8% Newport 10,791,600$ 1,421 468,388,000$ 419,987,000$ 9.0% Oak Park Hgts 1,543,400$ 1,557 427,051,000$ 403,906,500$ 5.3% Oakdale 19,247,800$ 9,690 3,109,205,800$ 2,845,841,800$ 8.6% Pine Springs 530,700$ 164 82,384,200$ 78,408,800$ 4.4% St. Mary's Point 2,776,300$ 301 123,636,200$ 109,051,400$ 10.8% St. Paul Park 1,194,400$ 1,982 512,598,700$ 490,861,200$ 4.2% Scandia 10,115,900$ 2,198 909,635,600$ 860,061,700$ 4.6% Stillwater 23,902,600$ 7,504 3,167,353,100$ 2,875,283,600$ 9.3% Stillwater Twp 3,472,100$ 811 510,727,100$ 502,473,600$ 1.0% West Lakeland 7,290,000$ 1,442 1,025,147,000$ 894,694,400$ 13.8% White Bear Lake 18,000$ 99 33,698,900$ 33,572,100$ 0.3% Willernie 989,700$ 311 59,187,200$ 60,944,100$ -4.5% Woodbury 202,982,000$ 26,136 11,855,140,200$ 10,665,214,100$ 9.3% COUNTY 751,880,800$ 99,864 43,185,808,900$ 39,321,316,400$ 7.9% 23 | P a g e Residential/SRR Class: Past & Current Year Adjustments ay2019 ay2020 ay2021 ay2022 ay2023 5-Year Change Afton 11.4% -1.5% 1.6% 19.1% 14.0% 44.5% Bayport 9.8% 1.9% 4.3% 15.6% 11.1% 42.8% Baytown 4.1% 3.0% 3.2% 18.1% 18.4% 46.8% Birchwood 9.1% 0.4% 1.5% 26.0% -0.8% 36.2% Cottage Grove 5.6% 5.4% 2.6% 22.2% 9.9% 45.7% Dellwood -0.2% 8.1% 1.8% 22.5% 8.5% 40.7% Denmark 8.8% 4.2% 2.7% 25.4% 5.4% 46.5% Forest Lake 3.9% 1.2% 3.6% 27.1% 4.7% 40.5% Grant 10.1% -2.0% 1.9% 21.6% 8.1% 39.7% Grey Cloud 4.2% 4.0% 3.1% 27.2% 0.8% 39.3% Hastings 5.2% 5.5% 1.2% 19.8% 3.7% 35.5% Hugo 7.8% 2.8% 4.8% 21.0% 7.0% 43.3% Lake Elmo 9.8% 0.6% 5.4% 22.1% 3.6% 41.5% Lake St. Croix 7.7% 4.2% 3.1% 17.3% 10.1% 42.4% Lakeland 0.9% 4.8% 3.6% 17.1% 5.2% 31.7% Lakeland Shores 3.8% 0.6% 3.2% 17.3% 4.8% 29.7% Landfall 0.5% 0.0% 12.1% 3.7% 23.8% 40.2% Mahtomedi 5.0% 4.8% -2.6% 25.2% 1.5% 34.0% Marine 10.0% -3.5% -1.6% 32.8% -2.6% 35.0% May 8.6% 0.3% 0.0% 23.8% 7.8% 40.5% Newport 11.0% 9.5% 2.4% 20.9% 9.0% 52.8% Oak Park Hgts 9.3% 2.5% 2.7% 20.0% 5.3% 39.8% Oakdale 8.0% 2.3% 2.6% 18.1% 8.6% 39.5% Pine Springs -0.5% 0.0% 3.5% 25.5% 4.4% 33.0% St. Mary's Point 4.4% 0.5% 11.4% 20.2% 10.8% 47.3% St. Paul Park 15.0% 3.2% 1.3% 20.0% 4.2% 43.7% Scandia 11.3% 2.7% 1.7% 24.6% 4.6% 45.0% Stillwater 7.9% 1.3% 5.6% 18.7% 9.3% 42.8% Stillwater Twp 14.6% -1.9% 3.6% 20.6% 1.0% 37.8% West Lakeland 7.7% 0.3% 4.5% 19.5% 13.8% 45.8% White Bear Lake 4.1% 2.5% 2.0% 24.8% 0.3% 33.7% Willernie 16.8% 2.7% 6.1% 17.6% -4.5% 38.7% Woodbury 5.0% 2.7% 3.4% 18.6% 9.3% 38.9% COUNTY 6.9% 2.4% 3.2% 20.7% 7.9% 41.1% 24 | P a g e Residential/SRR Class: Parcel Counts ay2019 ay2020 ay2021 ay2022 ay2023 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 1,275 1,276 1,275 1,266 1,255 -11 Bayport 1,003 1,030 1,030 1,026 1,023 -3 Baytown 815 805 805 856 872 16 Birchwood 414 414 414 413 415 2 Cottage Grove 12,277 12,607 13,078 13,875 14,177 302 Dellwood 515 513 513 509 506 -3 Denmark 744 740 737 742 744 2 Forest Lake 7,369 7,369 7,369 7,386 7,381 -5 Grant 1,746 1,757 1,752 1,753 1,755 2 Grey Cloud 171 148 152 151 151 0 Hastings 3 3 3 3 4 1 Hugo 6,067 6,132 6,286 6,425 6,468 43 Lake Elmo 4,306 4,410 4,579 4,872 4,902 30 Lake St. Croix 721 717 717 714 714 0 Lakeland 785 791 791 788 787 -1 Lakeland Shores 145 144 144 144 144 0 Landfall 1 1 1 1 1 0 Mahtomedi 3,001 3,003 3,003 3,010 3,011 1 Marine 526 523 518 510 511 1 May 1,470 1,434 1,430 1,429 1,427 -2 Newport 1,289 1,388 1,424 1,424 1,421 -3 Oak Park Hgts 1,560 1,558 1,564 1,558 1,557 -1 Oakdale 9,527 9,527 9,524 9,633 9,690 57 Pine Springs 164 164 164 164 164 0 St. Mary's Point 316 312 305 307 301 -6 St. Paul Park 1,977 1,992 1,990 1,991 1,982 -9 Scandia 2,240 2,220 2,211 2,205 2,198 -7 Stillwater 7,490 7,477 7,487 7,502 7,504 2 Stillwater Twp 816 815 814 812 811 -1 West Lakeland 1,437 1,435 1,437 1,438 1,442 4 White Bear Lake 99 99 99 99 99 0 Willernie 313 313 312 311 311 0 Woodbury 24,206 24,500 24,981 25,270 26,136 866 COUNTY 94,788 95,617 96,909 98,587 99,864 1,277 +/- 25 | P a g e Total Taxable Class Summary: Current Year Adjustments ay2023 Number of ay2023 ay2022 ay2023 New Construction Parcels Total Value Total Value % Growth Afton 16,688,400$ 1,464 1,073,402,800$ 909,982,900$ 16.1% Bayport 7,004,500$ 1,152 503,024,600$ 443,851,500$ 11.8% Baytown 10,769,000$ 929 681,562,400$ 566,079,900$ 18.5% Birchwood 659,300$ 415 215,940,600$ 216,959,000$ -0.8% Cottage Grove 259,309,700$ 14,948 6,316,623,000$ 5,461,595,800$ 10.9% Dellwood 7,819,100$ 537 531,558,000$ 480,310,000$ 9.0% Denmark 5,779,000$ 1,143 682,405,600$ 624,305,300$ 8.4% Forest Lake 39,450,800$ 8,151 3,522,535,300$ 3,255,462,800$ 7.0% Grant 12,469,900$ 1,991 1,284,693,900$ 1,172,757,400$ 8.5% Grey Cloud 8,300$ 183 63,892,600$ 63,040,000$ 1.3% Hastings -$ 10 2,835,100$ 2,624,800$ 8.0% Hugo 82,381,800$ 6,948 3,122,071,400$ 2,807,938,000$ 8.3% Lake Elmo 166,781,800$ 5,234 3,228,661,200$ 2,919,292,800$ 4.9% Lake St. Croix 895,400$ 724 179,656,500$ 161,735,900$ 10.5% Lakeland 841,100$ 831 349,828,300$ 330,264,100$ 5.7% Lakeland Shores 46,500$ 153 81,287,400$ 77,311,900$ 5.1% Landfall -$ 8 12,003,900$ 9,771,200$ 22.8% Mahtomedi 10,118,000$ 3,100 1,583,128,200$ 1,530,902,000$ 2.8% Marine 2,373,600$ 538 193,859,500$ 195,662,700$ -2.1% May 6,755,200$ 1,746 1,048,929,000$ 955,991,800$ 9.0% Newport 10,791,600$ 1,663 657,034,800$ 575,403,700$ 12.3% Oak Park Hgts 3,348,700$ 1,805 895,998,400$ 825,952,100$ 8.1% Oakdale 79,752,400$ 10,149 4,170,886,200$ 3,704,256,400$ 10.4% Pine Springs 530,700$ 164 82,384,200$ 78,408,800$ 4.4% St. Mary's Point 2,776,300$ 301 123,736,200$ 109,151,400$ 10.8% St. Paul Park 1,352,700$ 2,277 602,857,600$ 557,854,900$ 7.8% Scandia 10,420,900$ 2,585 1,069,556,000$ 1,009,334,300$ 4.9% Stillwater 37,160,400$ 7,980 3,828,853,200$ 3,436,865,700$ 10.3% Stillwater Twp 3,618,900$ 927 594,354,300$ 572,731,900$ 3.1% West Lakeland 7,290,000$ 1,521 1,079,211,200$ 943,001,000$ 13.7% White Bear Lake 53,000$ 109 56,194,400$ 56,007,000$ 0.2% Willernie 989,700$ 345 68,228,700$ 68,449,700$ -1.8% Woodbury 333,320,000$ 26,882 15,144,625,500$ 13,507,797,200$ 9.7% COUNTY 1,121,556,700$ 106,913 53,051,820,000$ 47,631,053,900$ 9.0% 26 | P a g e Total Taxable Class: Past & Current Year Adjustments ay2019 ay2020 ay2021 ay2022 ay2023 5-Year Change Afton 9.8% 0.0% 2.0% 19.3% 16.1% 47.3% Bayport 8.7% 3.0% 4.4% 13.9% 11.8% 41.7% Baytown 4.0% 3.5% 3.3% 17.9% 18.5% 47.2% Birchwood 9.1% 0.4% 1.5% 26.0% -0.8% 36.2% Cottage Grove 5.0% 5.4% 2.8% 20.9% 10.9% 45.0% Dellwood -0.1% 7.7% 2.3% 22.5% 9.0% 41.3% Denmark 5.7% 5.2% 3.2% 24.5% 8.4% 46.9% Forest Lake 3.8% 1.7% 4.0% 23.4% 7.0% 40.0% Grant 8.9% -1.3% 2.2% 21.7% 8.5% 40.0% Grey Cloud 4.2% 4.4% 2.5% 26.0% 1.3% 38.4% Hastings -4.3% -2.2% 7.6% 5.2% 8.0% 14.3% Hugo 6.7% 3.6% 4.8% 19.8% 8.3% 43.2% Lake Elmo 8.3% 1.0% 5.4% 20.8% 4.9% 40.3% Lake St. Croix 7.7% 4.2% 3.3% 17.1% 10.5% 42.9% Lakeland 0.4% 4.5% 3.7% 16.2% 5.7% 30.5% Lakeland Shores 3.7% 0.3% 3.6% 16.6% 5.1% 29.2% Landfall 17.5% 0.0% 10.0% 0.1% 22.8% 50.4% Mahtomedi 6.0% 4.2% -2.0% 23.7% 2.8% 34.6% Marine 9.5% -2.3% -1.9% 32.0% -2.1% 35.3% May 8.9% 1.8% 0.8% 24.7% 9.0% 45.2% Newport 8.6% 9.2% 2.9% 17.3% 12.3% 50.3% Oak Park Hgts 7.3% 2.7% 4.8% 13.3% 8.1% 36.1% Oakdale 7.2% 3.4% 3.2% 16.3% 10.4% 40.5% Pine Springs -0.5% 0.0% 3.5% 25.5% 4.4% 33.0% St. Mary's Point 4.4% 0.5% 11.3% 20.2% 10.8% 47.3% St. Paul Park 15.3% 3.7% 3.6% 20.3% 7.8% 50.8% Scandia 10.9% 3.2% 1.8% 24.9% 4.9% 45.8% Stillwater 7.2% 2.4% 5.6% 16.7% 10.3% 42.2% Stillwater Twp 12.9% -1.1% 3.0% 20.8% 3.1% 38.8% West Lakeland 7.2% 0.6% 4.4% 19.3% 13.7% 45.1% White Bear Lake 2.0% -13.2% 2.9% 17.1% 0.2% 9.1% Willernie 15.4% 2.6% 6.2% 15.9% -1.8% 38.4% Woodbury 5.2% 3.4% 4.2% 16.0% 9.7% 38.4% COUNTY 6.4% 3.0% 3.6% 18.9% 9.0% 41.0% 27 | P a g e Total Taxable Class: Parcel Counts ay2019 ay2020 ay2021 ay2022 ay2023 # Parcels # Parcels # Parcels # Parcels # Parcels Afton 1,468 1,485 1,485 1,480 1,464 -16 Bayport 1,132 1,159 1,159 1,155 1,152 -3 Baytown 869 866 866 913 929 16 Birchwood 414 414 414 413 415 2 Cottage Grove 12,917 13,319 13,851 14,646 14,948 302 Dellwood 550 547 547 542 537 -5 Denmark 1,145 1,147 1,142 1,141 1,143 2 Forest Lake 8,147 8,137 8,136 8,158 8,151 -7 Grant 1,983 1,994 1,991 1,992 1,991 -1 Grey Cloud 205 182 183 183 183 0 Hastings 9 9 9 9 10 1 Hugo 6,516 6,587 6,754 6,895 6,948 53 Lake Elmo 4,633 4,735 4,912 5,201 5,234 33 Lake St. Croix 731 727 727 724 724 0 Lakeland 830 835 835 832 831 -1 Lakeland Shores 153 153 153 153 153 0 Landfall 8 8 8 8 8 0 Mahtomedi 3,097 3,099 3,100 3,106 3,100 -6 Marine 551 551 546 537 538 1 May 1,754 1,754 1,749 1,749 1,746 -3 Newport 1,553 1,638 1,666 1,666 1,663 -3 Oak Park Hgts 1,818 1,813 1,817 1,811 1,805 -6 Oakdale 9,981 9,976 9,977 10,086 10,149 63 Pine Springs 164 164 164 164 164 0 St. Mary's Point 316 312 305 307 301 -6 St. Paul Park 2,267 2,287 2,286 2,280 2,277 -3 Scandia 2,639 2,639 2,633 2,606 2,585 -21 Stillwater 7,962 7,969 7,970 7,980 7,980 0 Stillwater Twp 926 928 928 927 927 0 West Lakeland 1,515 1,516 1,519 1,518 1,521 3 White Bear Lake 109 109 109 109 109 0 Willernie 347 347 346 345 345 0 Woodbury 24,938 25,246 25,733 26,022 26,882 860 COUNTY 101,647 102,652 104,020 105,658 106,913 1,255 +/- 28 | P a g e 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 ay2023 assessment. The percent change groupings are listed across the top row of the table. For the 2023 assessment 92.82% 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 2 2 5 42 53 39 366 744 1,255 53 1,202 Bayport 5 - - 6 49 35 227 609 92 1,023 60 963 Baytown 10 - 3 18 14 1 31 46 749 872 45 827 Birchwood - 7 171 111 11 80 25 3 7 415 300 115 Cottage Grove 69 10 30 131 56 1,239 6,311 4,502 1,829 14,177 296 13,881 Dellwood 1 - 1 3 24 54 110 275 38 506 29 477 Denmark 1 2 4 73 11 135 312 138 68 744 91 653 Forest Lake 23 4 72 926 391 3,322 1,325 866 452 7,381 1,416 5,965 Grant 1 3 4 19 49 271 845 486 77 1,755 76 1,679 Grey Cloud - - 1 59 10 68 9 2 2 151 70 81 Hastings - - - - 2 2 - - - 4 2 2 Hugo 11 - 3 88 55 1,000 3,511 1,509 291 6,468 157 6,311 Lake Elmo 8 3 156 332 56 2,469 1,251 241 386 4,902 555 4,347 Lake St. Croix 2 - 1 2 199 15 109 357 29 714 204 510 Lakeland - 1 - 2 46 303 413 12 10 787 49 738 Lakeland Shores - - - - 12 53 74 3 2 144 12 132 Landfall - - - - - - - - 1 1 - 1 Mahtomedi 20 13 94 456 93 2,098 128 52 57 3,011 676 2,335 Marine 4 6 165 190 22 93 4 3 24 511 387 124 May 1 1 - 37 114 133 500 513 128 1,427 153 1,274 Newport 2 1 4 88 66 216 425 234 385 1,421 161 1,260 Oak Park Hgts 1 42 332 90 49 214 233 526 70 1,557 514 1,043 Oakdale 17 2 10 40 191 802 5,376 2,418 834 9,690 260 9,430 Pine Springs - - - 3 11 96 44 3 7 164 14 150 St. Mary's Point - - - 2 112 16 37 111 23 301 114 187 St. Paul Park 5 - 1 10 116 1,615 180 14 41 1,982 132 1,850 Scandia 4 1 14 104 363 1,299 206 73 134 2,198 486 1,712 Stillwater 26 3 9 23 326 621 3,502 1,786 1,208 7,504 387 7,117 Stillwater Twp 2 4 6 26 13 699 27 15 19 811 51 760 West Lakeland 1 3 - 1 4 27 51 840 515 1,442 9 1,433 White Bear Lake - - - 39 7 52 - - 1 99 46 53 Willernie 4 10 103 95 54 35 4 - 6 311 266 45 Woodbury 7 2 14 59 22 3,491 11,795 8,500 2,246 26,136 104 26,032 227 120 1,200 3,038 2,590 20,607 37,104 24,503 10,475 99,864 7,175 92,689 0.23% 0.12% 1.20% 3.04% 2.59% 20.64% 37.15% 24.54% 10.49% 100.00% 7.18% 92.82% COUNTY 29 | P a g e 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)ay2019 ay2020 ay2021 ay2022 ay2023 Total EMV 35,654,881,200$ 37,326,145,800$ 39,314,872,800$ 47,713,887,100$ 53,051,928,400$ Agriculture EMV 1,250,153,700$ 1,315,056,100$ 1,271,577,600$ 1,578,317,900$ 1,650,874,300$ Agriculture % of Total 3.5% 3.5% 3.2% 3.3% 3.1% Apartment EMV 1,600,537,000$ 1,743,006,000$ 1,939,119,200$ 2,492,341,700$ 2,840,263,100$ Apartment % of Total 4.5% 4.7% 4.9% 5.2% 5.4% Commercial/Industrial EMV 3,607,962,900$ 3,884,295,400$ 4,214,432,800$ 4,395,244,900$ 5,374,873,700$ Comm/Industrial % of Total 10.1% 10.4% 10.7% 9.2% 10.1% Residential/SRR EMV 29,196,227,600$ 30,383,788,300$ 31,889,743,200$ 39,247,982,600$ 43,185,917,300$ Residential/SRR % of Total 81.9% 81.4% 81.1% 82.3% 81.4% 3.1% 5.4%10.1% 81.4% 2023 EMV Distributuion by Classification Agriculture Apartment Commercial/Industrial Residential 30 | P a g e Median Values Historical Median Residential Improved Value: Residential/SRR (Combined Single Family and Townhome/Condo with improvement value ≥ $25,000) Median % Median % Median % Median % Median % ay2019 Change ay2020 Change ay2021 Change ay2022 Change ay2023 Change Afton 497,000$ 12.0% 484,600$ -2.5% 489,100$ -1.6% 597,000$ 22.1%697,800$ 16.9% Bayport 262,900$ 13.3% 267,200$ 1.6% 288,200$ 9.6% 336,400$ 16.7%375,100$ 11.5% Baytown 540,600$ 4.7% 573,700$ 6.1% 589,500$ 9.0% 691,900$ 17.4%837,200$ 21.0% Birchwood 358,500$ 8.3% 346,100$ -3.5% 354,800$ -1.0% 435,400$ 22.7%416,700$ -4.3% Cottage Grove 253,800$ 6.2% 266,900$ 5.2% 270,700$ 6.7% 328,600$ 21.4%365,200$ 11.1% Dellwood 553,000$ -2.5% 637,600$ 15.3% 688,100$ 24.4% 804,900$ 17.0%895,600$ 11.3% Denmark 439,900$ 6.2% 456,500$ 3.8% 467,400$ 6.3% 612,100$ 31.0%655,500$ 7.1% Forest Lake 270,700$ 6.3% 274,500$ 1.4% 281,400$ 4.0% 361,000$ 28.3%371,500$ 2.9% Grant 507,800$ 12.0% 487,000$ -4.1% 503,400$ -0.9% 618,400$ 22.8%676,700$ 9.4% Grey Cloud 344,300$ 6.0% 359,000$ 4.3% 371,400$ 7.9% 480,500$ 29.4%478,600$ -0.4% Hastings Hugo 278,500$ 6.9% 290,000$ 4.1% 309,800$ 11.2% 379,300$ 22.4%408,700$ 7.8% Lake Elmo 430,600$ 7.2% 434,800$ 1.0% 458,700$ 6.5% 553,800$ 20.7%585,700$ 5.8% Lake St. Croix Beach 230,900$ 10.0% 242,400$ 5.0% 250,000$ 8.3% 293,700$ 17.5%325,700$ 10.9% Lakeland 269,100$ -0.3% 283,800$ 5.5% 297,000$ 10.4% 349,000$ 17.5%370,500$ 6.2% Lakeland Shores 341,000$ 4.8% 343,900$ 0.9% 358,500$ 5.1% 418,300$ 16.7%444,400$ 6.2% Landfall Mahtomedi 342,800$ 5.5% 360,100$ 5.0% 351,200$ 2.5% 435,800$ 24.1%444,100$ 1.9% Marine 386,700$ 13.0% 373,300$ -3.5% 379,900$ -1.8% 499,600$ 31.5%477,300$ -4.5% May 454,600$ 8.1% 458,800$ 0.9% 452,100$ -0.5% 567,200$ 25.5%621,700$ 9.6% Newport 216,100$ 10.6% 226,600$ 4.9% 229,600$ 6.2% 285,700$ 24.4%325,500$ 13.9% Oak Park Hgts 236,700$ 9.8% 240,300$ 1.5% 251,000$ 6.0% 294,600$ 17.4%322,400$ 9.4% Oakdale 252,800$ 9.1% 259,000$ 2.5% 264,300$ 4.5% 315,000$ 19.2%343,300$ 9.0% Pine Springs 412,100$ -0.4% 412,300$ 0.0% 429,200$ 4.1% 538,900$ 25.6%563,400$ 4.5% St. Mary's Point 317,900$ 7.4% 318,400$ 0.2% 335,000$ 5.4% 402,900$ 20.3%446,500$ 10.8% St. Paul Park 211,100$ 17.2% 220,200$ 4.3% 221,600$ 5.0% 266,600$ 20.3%277,600$ 4.1% Scandia 365,500$ 10.3% 376,500$ 3.0% 375,500$ 2.7% 476,800$ 27.0%495,600$ 3.9% Stillwater 289,300$ 7.8% 294,700$ 1.9% 313,400$ 8.3% 373,800$ 19.3%409,500$ 9.6% Stillwater Twp 505,700$ 15.6% 487,200$ -3.7% 499,700$ -1.2% 612,400$ 22.6%630,500$ 3.0% West Lakeland 476,000$ 8.6% 479,500$ 0.7% 503,300$ 5.7% 606,500$ 20.5%695,900$ 14.7% White Bear Lake 264,400$ 4.9% 269,500$ 1.9% 276,500$ 4.6% 345,500$ 25.0%345,800$ 0.1% Willernie 202,500$ 17.4% 211,700$ 4.5% 226,300$ 11.8% 266,200$ 17.6%254,500$ -4.4% Woodbury 327,400$ 4.7% 341,200$ 4.2% 351,100$ 7.2% 419,000$ 19.3%456,600$ 9.0% COUNTY MEDIAN 296,700$ 7.1% 306,600$ 3.3% 316,800$ 6.8% 384,200$ 21.3% 415,600$ 8.2% 31 | P a g e Historical Median Residential Improved Value: Townhomes/Condos (With improvement value ≥ $25,000) Median % Median % Median % Median % Median % ay2019 Change ay2020 Change ay2021 Change ay2022 Change ay2023 Change Bayport 310,200$ 8.3% 352,100$ 13.5% 364,600$ 17.5% 418,700$ 14.8%457,600$ 9.3% Cottage Grove 178,400$ 5.1% 190,700$ 6.9% 199,000$ 11.5% 236,300$ 18.7%259,300$ 9.7% Forest Lake 189,600$ 5.3% 190,800$ 0.6% 196,800$ 3.8% 246,300$ 25.2%261,900$ 6.3% Hugo 195,600$ 8.8% 199,800$ 2.1% 212,000$ 8.4% 254,800$ 20.2%280,400$ 10.0% Lake Elmo 285,500$ 23.6% 283,700$ -0.6% 309,700$ 8.5% 341,800$ 10.4%375,600$ 9.9% Mahtomedi 277,400$ 4.9% 289,300$ 4.3% 281,500$ 1.5% 340,600$ 21.0%334,500$ -1.8% Marine 211,000$ 9.8% 211,000$ 0.0% 219,900$ 4.2% 291,200$ 32.4%277,300$ -4.8% Newport 165,300$ 10.9% 170,000$ 2.8% 174,400$ 5.5% 212,300$ 21.7%207,100$ -2.4% Oak Park Hgts 181,500$ 12.2% 197,900$ 9.0% 202,300$ 11.5% 270,200$ 33.6%245,500$ -9.1% Oakdale 180,900$ 10.4% 185,500$ 2.5% 194,600$ 7.6% 220,000$ 13.1%245,500$ 11.6% St. Paul Park 205,100$ 20.9% 205,100$ 0.0% 199,800$ -2.6% 241,100$ 20.7%250,400$ 3.9% Stillwater 249,100$ 11.2% 249,300$ 0.1% 262,800$ 5.5% 299,400$ 13.9%334,500$ 11.7% Woodbury 207,800$ 7.9% 220,700$ 6.2% 231,700$ 11.5% 261,900$ 13.0%290,200$ 10.8% COUNTY MEDIAN 197,100$ 7.9% 206,700$ 4.9% 216,900$ 10.0% 251,500$ 16.0% 277,200$ 10.2% 32 | P a g e Historical Median Residential Improved Value: Single Family (With improvement value ≥ $25,000) Median % Median % Median % Median % Median % ay2019 Change ay2020 Change ay2021 Change ay2022 Change ay2023 Change Afton 497,000$ 12.0% 484,600$ -2.5% 489,100$ -1.6% 597,000$ 22.1%697,800$ 16.9% Bayport 256,200$ 12.9% 260,800$ 1.8% 283,200$ 10.5% 332,300$ 17.3%368,500$ 10.9% Baytown 540,600$ 4.7% 573,700$ 6.1% 589,500$ 9.0% 691,900$ 17.4%837,200$ 21.0% Birchwood 358,500$ 8.3% 346,100$ -3.5% 354,800$ -1.0% 435,400$ 22.7%416,700$ -4.3% Cottage Grove 260,700$ 6.1% 274,700$ 5.4% 279,000$ 7.0% 339,100$ 21.5%379,200$ 11.8% Dellwood 553,000$ -2.5% 637,600$ 15.3% 688,100$ 24.4% 804,900$ 17.0%895,600$ 11.3% Denmark 439,900$ 6.2% 456,500$ 3.8% 467,400$ 6.3% 612,100$ 31.0%655,500$ 7.1% Forest Lake 290,800$ 5.9% 296,000$ 1.8% 302,800$ 4.1% 389,800$ 28.7%399,800$ 2.6% Grant 507,800$ 12.0% 487,000$ -4.1% 503,400$ -0.9% 618,400$ 22.8%676,700$ 9.4% Grey Cloud 344,300$ 6.0% 359,000$ 4.3% 371,400$ 7.9% 480,500$ 29.4%478,600$ -0.4% Hastings Hugo 348,400$ 6.9% 358,400$ 2.9% 372,100$ 6.8% 450,200$ 21.0%484,900$ 7.7% Lake Elmo 438,800$ 7.4% 441,400$ 0.6% 464,600$ 5.9% 563,500$ 21.3%598,300$ 6.2% Lake St. Croix Beach 230,900$ 10.0% 242,400$ 5.0% 250,000$ 8.3% 293,700$ 17.5%325,700$ 10.9% Lakeland 269,100$ -0.3% 283,800$ 5.5% 297,000$ 10.4% 349,000$ 17.5%370,500$ 6.2% Lakeland Shores 341,000$ 4.8% 343,900$ 0.9% 358,500$ 5.1% 418,300$ 16.7%444,400$ 6.2% Landfall Mahtomedi 351,600$ 5.2% 370,600$ 5.4% 361,600$ 2.8% 451,300$ 24.8%458,500$ 1.6% Marine 386,700$ 13.0% 373,300$ -3.5% 379,900$ -1.8% 513,900$ 35.3%495,200$ -3.6% May 454,600$ 8.1% 458,800$ 0.9% 452,100$ -0.5% 567,200$ 25.5%621,700$ 9.6% Newport 216,100$ 10.6% 226,600$ 4.9% 229,600$ 6.2% 289,400$ 26.0%330,100$ 14.1% Oak Park Hgts 257,900$ 10.2% 260,300$ 0.9% 270,600$ 4.9% 314,500$ 16.2%348,500$ 10.8% Oakdale 270,700$ 8.9% 276,800$ 2.3% 284,600$ 5.1% 340,900$ 19.8%367,900$ 7.9% Pine Springs 412,100$ -0.4% 412,300$ 0.0% 429,200$ 4.1% 538,900$ 25.6%563,400$ 4.5% St. Mary's Point 317,900$ 7.4% 318,400$ 0.2% 335,000$ 5.4% 402,900$ 20.3%446,500$ 10.8% St. Paul Park 211,100$ 17.2% 220,200$ 4.3% 221,600$ 5.0% 268,900$ 21.3%279,900$ 4.1% Scandia 365,500$ 10.3% 376,500$ 3.0% 375,500$ 2.7% 476,800$ 27.0%495,600$ 3.9% Stillwater 297,000$ 7.3% 301,500$ 1.5% 321,800$ 8.4% 387,600$ 20.4%422,800$ 9.1% Stillwater Twp 505,700$ 15.6% 487,200$ -3.7% 499,700$ -1.2% 612,400$ 22.6%630,500$ 3.0% West Lakeland 476,000$ 8.6% 479,500$ 0.7% 503,300$ 5.7% 606,500$ 20.5%695,900$ 14.7% White Bear Lake 264,400$ 4.9% 269,500$ 1.9% 276,500$ 4.6% 345,500$ 25.0%345,800$ 0.1% Willernie 202,500$ 17.4% 211,700$ 4.5% 226,300$ 11.8% 266,200$ 17.6%254,500$ -4.4% Woodbury 371,300$ 3.7% 382,800$ 3.1% 395,400$ 6.5% 476,100$ 20.4%520,000$ 9.2% COUNTY MEDIAN 327,900$ 6.5% 337,400$ 2.9% 348,000$ 6.1% 425,900$ 22.4% 460,600$ 8.1% 33 | P a g e 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) $327,900 $337,400 $348,000 $425,900 $460,600 $197,100 $206,700 $216,900 $251,500 $277,200 AY2019 AY2020 AY2021 AY2022 AY2023 Median Residential Value by Dwelling Type Townhome/Condo Single Family $296,700 $306,600 $316,800 $384,200 $415,600 AY2019 AY2020 AY2021 AY2022 AY2023 County Median Residential Improved Value 34 | P a g e OTHER ASSESSMENT RELATED INFORMATION New Construction Current New Construction Starts: All Classifications SFR TH/Condo Comm/Ind Apartment Exempt Total Calendar Year 2022 2022 2022 2022 2022 2022 New Starts New Starts New Starts New Starts New Starts New Starts Afton 11 0 0 0 0 11 Bayport 14 0 0 0 0 14 Baytown 12 0 0 0 0 12 Birchwood 0 0 0 0 0 0 Cottage Grove 329 77 8 2 1 417 Dellwood 3 0 0 0 0 3 Denmark 6 0 0 0 0 6 Forest Lake 22 12 3 2 0 39 Grant 14 0 0 0 0 14 Grey Cloud 0 0 0 0 0 0 Hastings 0 0 0 0 0 0 Hugo 110 0 0 0 0 110 Lake Elmo 109 53 3 0 1 166 Lake St. Croix Beach 1 0 0 0 0 1 Lakeland 0 0 0 0 0 0 Lakeland Shores 1 0 0 0 0 1 Landfall 0 0 0 0 0 0 Mahtomedi 6 0 0 1 0 7 Marine 6 0 0 0 0 6 May 8 0 0 0 0 8 Newport 10 0 0 0 0 10 Oak Park Hgts 1 0 2 0 0 3 Oakdale 26 43 1 1 1 72 Pine Springs 0 0 0 0 0 0 St. Mary's Point 0 0 0 0 0 0 St. Paul Park 1 0 0 0 0 1 Scandia 21 0 0 0 0 21 Stillwater 26 0 1 1 0 28 Stillwater Twp 1 0 0 0 0 1 West Lakeland 6 0 0 0 0 6 White Bear Lake 0 0 0 0 0 0 Willernie 3 0 0 0 0 3 Woodbury 319 33 5 2 1 360 COUNTY 1,066 218 23 9 4 1,320 35 | P a g e Past & Current New Construction Starts: Single Family and Townhome/Condo 2018 2019 2020 2021 2022 New Starts New Starts New Starts New Starts New Starts Afton 5 11 8 19 11 Bayport 34 26 28 8 14 Baytown 15 7 11 9 12 Birchwood 0 0 2 1 0 Cottage Grove 181 249 359 536 406 Dellwood 2 1 4 2 3 Denmark 9 9 13 15 6 Forest Lake 55 53 52 41 34 Grant 5 10 16 19 14 Grey Cloud 0 0 0 0 0 Hastings 0 0 0 0 0 Hugo 124 101 161 197 110 Lake Elmo 280 228 282 326 162 Lake St. Croix 3 0 1 0 1 Lakeland 0 3 2 1 0 Lakeland Shores 0 0 0 0 1 Landfall 0 0 0 0 0 Mahtomedi 11 9 13 6 6 Marine 1 0 0 5 6 May 8 8 3 3 8 Newport 20 46 67 70 10 Oak Park Hgts 0 4 6 5 1 Oakdale 2 3 4 24 69 Pine Springs 0 1 0 0 0 St. Mary's Point 1 0 0 2 0 St. Paul Park 3 9 0 1 1 Scandia 16 11 7 20 21 Stillwater 38 50 33 39 26 Stillwater Twp 6 5 1 6 1 West Lakeland 6 4 8 18 6 White Bear Lake 0 0 0 0 0 Willernie 0 0 2 2 3 Woodbury 445 454 383 533 352 COUNTY 1,270 1,302 1,466 1,908 1,284 Calendar Year 36 | P a g e Historical New Construction Summary: All Classifications Historical Comparison of New Construction: ay19–ay23 2018 2019 2020 2021 2022 ay2019 ay2020 ay2021 ay2022 ay2023 Single Family 1,062 1,144 1,247 1,592 1,066 Townhome/Condo 208 158 219 316 218 Apartment 13 16 10 4 9 Commercial/Industrial 33 14 14 18 23 Misc Permits 2,830 2,690 3,250 3,527 3,601 TOTAL 4,146 4,022 4,740 5,457 4,917 Taxable Value Added 661,822,400$ 620,711,300$ 703,302,300$ 987,855,900$ 1,121,556,700$ 4,146 4,022 4,740 5,457 4,917 AY2019 AY2020 AY2021 AY2022 AY2023 New Construction Reviews (New Starts & Misc. Permit) 37 | P a g e 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 2022 (for the 2023 assessment), the Assessor Division appraisers and locally hired assessors, reviewed 28,764 properties. The breakdown of the properties that were reviewed over the last five years. 2018 2019 2020 2021 2022 ay2019 ay2020 ay2021 ay2022 ay2023 Residential Quintile 19,727 21,400 24,160 23,008 22,605 Apt/CI Reviews 1,190 970 1,191 499 1,240 New Construction Reviews 4,146 4,022 4,740 5,457 4,917 Misc Reviews 0 28 0 1,494 2 TOTAL 25,063 26,420 30,091 30,458 28,764 38 | P a g e 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 2022 decreased in the number of petitions filed by 15.4% or 31 petitions. The only property use that showed an increase was the residential class. Total value under petition for pay2022 declined roughly 10.2% when compared to the previous year. The section titled petition value by class indicates that the residential value under petition had a slight increase. While apartments, that have experienced substantial increases over the last several years, the value under petition saw a decline by nearly 19%. Payable Year 2018 2019 2020 2021 2022 Residential 17 16 12 5 6 Commercial/Industrial 94 123 156 179 149 Apartment 18 22 19 17 15 TOTAL 129 161 187 201 170 Payable Year 2017 2018 2019 2020 2022 967,278,300$ 1,297,975,600$ 1,719,577,900$ 1,686,979,000$ 1,514,680,900$ Payable Year 2018 2019 2020 2021 2022 Residential 30,299,900$ 18,568,700$ 18,685,600$ 4,333,700$ 7,242,400$ Commercial/Industrial 660,500,500$ 846,459,300$ 1,281,098,600$ 1,336,984,000$ 1,228,442,100$ Apartment 276,477,900$ 432,947,600$ 419,793,700$ 345,661,300$ 278,996,400$ TOTAL 967,278,300$ 1,297,975,600$ 1,719,577,900$ 1,686,979,000$ 1,514,680,900$ Number of Petitions Filed Value Under Petitions (All Classifications) Petition Value by Classification 39 | P a g e Tax Petitions: Number of Petitions Filed for Payable Years 2018-2022 Tax Petitions: Value Under Petitions for Payable Years 2018-2022 17 16 12 5 6 94 123 156 179 149 18 22 19 17 15 PAY 2018 PAY 2019 PAY 2020 PAY 2021 PAY 2022 Number of Petitions Filed by Classification Residential Commercial/Industrial Apartment $967,278,300 $1,297,975,600 $1,719,577,900 $1,686,979,000 $1,514,680,900 PAY 2018 PAY 2019 PAY 2020 PAY 2021 PAY 2022 Value Under Petitions (All Classifications) 40 | P a g e 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%-96% 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 | P a g e 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 is 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 | P a g e 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 | P a g e 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 3, 2023, 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 | P a g e Assessment Calendar 45 | P a g e 46 | P a g e 47 | P a g e 2023 Local Board & Open Book Meeting Schedule City/Township Format Meeting Date Time Location Marine on St Croix Local Board Tuesday, April 4, 2023 9:00-10:00 am Marine on St Croix City Hall 121 Judd St Mahtomedi Local Board Wednesday, April 5, 2023 5:00-6:00 pm Mahtomedi City Hall 600 Stillwater Rd Hugo Local Board Thursday, April 6, 2023 5:30-7:00 pm Hugo City Hall 14669 Fitzgerald Ave N Baytown Local Board Monday, April 10, 2023 4:00-5:00 pm Baytown Community Center 4020 McDonald Dr N Forest Lake Local Board Monday, April 10, 2023 5:30-6:30 pm Forest Lake City Hall 1408 Lake St S Dellwood Local Board Monday, April 10, 2023 5:00-5:30 pm Dellwood City Hall 111 Wildwood Rd Birchwood Local Board Tuesday, April 11, 2023 6:00-6:30 pm Birchwood Village City Hall 207 Birchwood Ave Denmark Local Board Tuesday, April 11, 2023 4:30-5:30 pm Denmark Town Hall 14008 90th St S Grey Cloud Island Local Board Thursday, April 13, 2023 6:00-7:00 pm Grey Cloud Island Town Hall 9910 Grey Cloud Island Dr S Scandia Local Board Monday, April 17, 2023 5:00-6:00 pm Scandia Community Center 14727 209th St N Lake Elmo Local Board Wednesday, April 19, 2023 5:00-7:00 pm Lake Elmo City Hall 3800 Laverne Ave N May Local Board Wednesday, April 19, 2023 9:00-10:00 am May Town Hall 13939 Norell Ave N Willernie Local Board Monday, April 24, 2023 5:30-6:30 pm Willernie City Hall 111 Wildwood Rd Afton Open Book Bayport Open Book Cottage Grove Open Book Cottage Grove City Hall Grant Open Book Thursday, April 6, 2023 5:00-7:00pm 12800 Ravine Pkwy S Hastings Open Book Lake St Croix Beach Open Book Lakeland Open Book Oakdale City Hall Lakeland Shores Open Book Wednesday, April 12, 2023 5:00-7:00pm 1584 Hadley Ave N Landfall Open Book Newport Open Book Oak Park Heights Open Book Woodbury City Hall Oakdale Open Book Thursday, April 20, 2023 5:00-7:00pm 8301 Valley Creek Rd Pine Springs Open Book St Mary's Point Open Book St Paul Park Open Book Washington Cty Govt Center Stillwater City Open Book Wednesday, April 26, 2023 2:00-7:00pm 14949 62nd St N Stillwater Township Open Book West Lakeland Open Book White Bear Lake Open Book Woodbury Open Book County Board Govt Center Tuesday, June 13, 2023 5:00 pm **By Appointment Tuesday, June 20, 2023 11:00 am (times subject to change) **Appointment deadline for County Board Wednesday May 3, 2023 Regional Open Book-Cottage Grove Regional Open Book-Oakdale Regional Open Book-Woodbury Regional Open Book-Stillwater Property owners may attend any one of four Regional Open Book meetings: