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Board of Appeal and Equalization Packet 04 07 2026Tuesday, April 7, 2026 City Council 6:00 PM Elk River City Hall Board of Appeal & Equalization Meeting Agenda 1.CALL MEETING TO ORDER 2.PLEDGE OF ALLEGIANCE 3.SHERBURNE COUNTY ASSESSOR'S REPORT 3.1City Staff Report 4.HEAR APPEALS SUBMITTED BY ATTENDEES 5.HEAR MISC. APPEALS BY COUNTY 6.ESTABLISH RECONVENE DATE 7.MOTION TO EITHER RECESS OR ADJOURN The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action ToItem Number City Council3.1 Meeting DatePrepared By April 7, 2026Jolene Richter, Deputy Clerk Item DescriptionReviewed by City Staff ReportCal Portner Cal Portner Jolene Richter Action Requested The Board listens to each appeal and determines the value or classification of the parcel being considered. If the Board is unsure how to vote, the decision should be "No Change." The property owner can then appeal to the County Board or the Tax Court. A formal vote should adopt all decisions. Options for decisions include: No change. Reduce the value of a property. Raise the value of a property. Add improvements to the assessment list. Add properties to the assessment list. Change the classification of the property. Have the assessor inspect the property and report to the board at a reconvene meeting. If the Board determines further review of any parcels by the assessor is needed, a reconvene meeting must be set for the assessor to report back for further action. The date and time must be determined before the recess and must be within 20 days of this meeting. The last date to schedule a reconvene meeting would be Monday, April 27, 2026. There is a Council meeting scheduled for Monday, April 20, 6:00 p.m., and Monday (Retreat Meeting), April 27, 1:00 p.m. to 7:00 p.m. Background/Discussion Board Purpose The Board's purpose is to objectively determine if parcel values and classifications were properly set for the current assessment. It is assumed the assessor has properly valued and classified a property, and the burden of proof rests with the property owner. Appeals must be based on facts, and the property owner must present supporting evidence to the Board that the current year's valuation or classification is incorrect. All changes made by the Board must be based on fact. Remember, reductions in value shift the tax burden to others. Here is a link to the Board of Appeal Handbook with more detailed information. The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Reconvene Meeting All issues must be resolved before the meeting is adjourned. The Board should not order the assessor to review a parcel and change the valuation/classification and then adjourn. The Board may ask the assessor to review the parcel and report back at a reconvened meeting. Once the Board adjourns, it cannot reconvene. Certification At least one member who attended the state-required training must be at this meeting. The following are currently certified: Grupa, 7/1/2027 Wagner, 7/1/2026 Dietz, 7/1/2026 Calva, 7/1/2029 Financial Impact N/A Mission/Policy/Goal Elk River Mission Attachments 1.2026 City Assessment Elk River Report 2.2026 Elk River Local Board Data 3.2026 Elk River Agricultural Report 4.2025 Annual Building & Population Report Sherburne County Assessor Sherburne County Government Center 13880 Business Center Dr NW Elk River, MN 55330-1692 Phone: (763)765-4900 FAX: (763)765-4905 2026 ELK RIVER CITY ASSESSMENT Residentia l and Seasonal improved properties remained stable in the 2026 assessment. There were 351 sales used in our sales study and 1,170 sales county-wide. Any increases in value, was done during reassessment and properties with new improvements. Assessment YearsStudy Ratio Overall Change 2022 424 sales77.7% x 1.197% 93.0% adjusted ratio 2023 450 sales87.2% x 1.073% 93.6% adjusted ratio 2024 334 sales 97.5% -end ratio98.1% ajdusted ratio 2025 305 sales93.3% x 1.00% 93.6% adjusted ratio 2026 351 sales94.4% x 0% 94.4% adjusted ratio Rural Vacant land county-wide there were 6 sales – final ratio after adjustments to land is 93.1% Apartments increased county wide by 3-4% Commercial and Industrial County-wide there were 9 Commercial sales – 4 Industrial sales. Our commercial median ratio started as 86.55% and final ratio is 93.9%. Our Industrial median ratio started as 85.73% and final ratio is 91.9%. Total Taxable New Construction Assessment Years 2022 $ 53,818,300 2023 $ 53,403,900 2024 $ 54,806,000 2025 $ 39,426,100 2026 $ 55,340,800 Total City Estimated Market Value Assessment Years 2022 $ 3,518,721,100 2023 $ 3,894,488,200 2024 $ 3,996,067,100 2025 $ 4,124,225,400 2026 $ 4,219,538,200 Elk River Local Board of Appeal and Equalization April 7, 2026 6:00 p.m. Year End Summary – 2026 Assessment Re-Assessment Residential/Seasonal/Imp Ag1839 Commercial/Industrial/Exempt391 Agriculture Land7 Residential Statistics – 3 year history Item202520242023 New Homes929892 Misc Permits114101115 Decks/bsmt finish/additions Total Sales351305334 Median Sale Price$393,100$387,900$372,700 Median Market Value$367,000$366,200$358,100 2026 Assessment Adjustments Vacant Land Adjustments5-10% Residential Home Adjustments1-2% Lakeshore Adjustments5% 2026 City of Elk River Local Board of Appeal and Equalization April 7, 2026 Sales from October 1, 2024 to September 30, 2025 were used to determine the estimated market values for the 2026 assessment. Countywide there were 14 good sales of parcels over 34.5 acres. The median ratio of these sales was 81.3%. Agricultural Values increased by 15%. The ending ratio after these changes is 95.0%. The 2026 methodology utilizes agricultural sales within a region to develop a tillable and non- tillable value to be used for Green Acres in that area. Our Green Acres Region includes the Counties of Anoka, Chisago, Isanti and Sherburne. The Department of Revenue issued a memo which indicated that the average per acre value for tillable land was to be $4,900 (up $300 from 2025) and the average for non-tillable was to be $3,100 (up $100 per acre from 2025). Township Averages as Reported to the Department of Revenue for the 2026 Assessment 2026 Estimated Market Values 2a Tillable 10,00/ac 2a/2b Pasture9,000/ac -Same values have been applied to Rural Preserve and CRP land Waste 1,000/ac Wetlands 750/ac 2026 Green Acres Values 2a Tillable5,000/ac 2a Pasture3,200/ac Waste 1,000/ac -Same values have been applied to Rural Preserve and CRP land BLUE HILL HAVEN TOWNSHIP PALMER TOWNSHIP SANTIAGO TOWNSHIP PRINCETON CITY TOWNSHIP 2025 HB 7 EAST ST. CLOUD TOWNSHIP TOWNSHIP 2025 MULTI 0 2025 HB 1 TOWNSHIP 2025 HB 10 2025 HB 4 2025 EST POP 378 2025 MULTI 0 2025 HB 3 2025 EST POP 2643 2025 EST POP 1919 2025 EST POP 7450 2025 EST POP 2693 BALDWIN CITY 2025 HB 23 TOWNSHIP 2025 EST POP 7135 2025 HB 0 2025 POP 2581 CLEAR LAKE TWP LIVONIA TOWNSHIP BECKER TOWNSHIP ORROCK TOWNSHIP CLEAR LAKE CITY ZIMMERMAN CITY BECKER CITY TOWNSHIP 2025 HB 29 2025 HB 32 2025 HB 12 2025 HB 14 2025 EST POP 802 2025 MULTI 0 UNITS 2025 MULTI 12 UNITS 2025 EST POP 3868 2025 EST POP 6925 2025 EST POP 5262 TOWNSHIP 2025 HB 5 TOWNSHIP TOWNSHIP 2025 POP 1700 2025 HB 9 2025 HB 13 2025 EST POP 6410 2025 EST POP 5680 SHERBURNE COUNTY 2025 POPULATION BIG LAKE TOWNSHIP STATISTICS CITY OF ELK RIVER CITY OF BIG LAKE (Estimated) 2025 HB 38 2025 HB 93 2025 MULTI 0 UNITS TOWNSHIPS ONLY: 35,587 2025 MULTI 0 UNITS 2025 EST POP 12,687 CITIES ONLY: 68,128 2025 EST POP 27,489 TOWNSHIP TOTAL COUNTY POPULATION: 2025 HB 19 103,715 2025 EST POP 8093 LEGEND: POP …………….. ESTIMATED POPULATION HB. . . . . . . . . . … SINGLE FAMILY HOUSES POPULATION DETERMINED MULTI. . . . . . . . . . MULTI-FAMILY UNITS AT RATE OF: 2025 2.50 PEOPLE PER RESIDENCE 2.50 PEOPLE PER UNIT SHERBURNE COUNTY BUILDING AND TOTAL SINGLE FAMILY HOUSES BUILT IN TOWNSHIPS - 77 HOMES ESTIMATED POPULATION TOTAL SINGLE FAMILY HOUSES BUILT IN CITIES - 194 HOMES REPORT 1/26/2026 MULTI-FAMILY UNITS: - 20 UNITS SHERBURNE COUNTY ESTIMATED 2025POPULATION 103,715 Townships only - 35,587 Cities only - 68,128 (Figures determined at a rate of 2.5 people per residence or multi-family unit) PERMITS ISSUED IN THE TOWNSHIPS OF SHERBURNE COUNTY NEW ALL OTHER SEPTIC NEW HOME SEPTICS BUILDING UPGRADES TOWNSHIPPERMITS & (Does not include PERMITS & VALUE hook-ups to cluster VALUATIONS (Does not include Solar Farms) systems) BECKER 13 5,493,550 147 6,533,552 31 13 BIG LAKE 19 4,890,000 443 2,706,000 37 17 BLUE HILL 3915,00067688,000104 CLEAR LAKE 5 882,000 117 1,064,000 9 4 HAVEN 0 85 475,000 10 0 LIVONIA 9 2,005,000232 3,054,000 22 7 ORROCK 14 3,925,000 141 1,246,000 16 6 PALMER 10 2,386,000119 915,000 19 9 SANTIAGO 4 1,081,000 50 776,000 10 5 TOTALS77 21,577,5501401 17,457,552 164 65 NEW HOME / MULTI-FAMILY UNIT PERMITS ISSUED IN THE CITIES OF SHERBURNE COUNTY CITIES NEW SINGLE-FAMILY HOMES MULTI-FAMILY UNITS BALDWIN 23 0 EAST ST. CLOUD 1 0 PRINCETON 7 0 ZIMMERMAN 32 0 12 BECKER 12 CLEAR LAKE 29 8 BIG LAKE 38 0 93 0 ELK RIVER TOTALS235 New Homes 20 Units NEW HOME PERMITS 500 450 400 350 300 250 200 150 100 50 0 New Homes Built AVERAGE NEW HOME VALUATION 350000 300000 250000 200000 150000 100000 50000 0 New Homes BuiltAverage Valuation SHERBURNE COUNTY RECORDED PLATS TOWNSHIPS ONLY 1975 3 PLATS - 10 Residential lots 200347 PLATS - 531 Residential lots 3 (COMMERCIALLOTS) 10 (COMMERCIAL LOTS) 1976 6 PLATS - 143 Residential lots200457 PLATS - 579 Residential lots 6 (INDUSTRIAL LOTS) 1977 8 PLATS - 149 Residential lots 200546 PLATS - 406 Residential lots 1978 7 PLATS - 174 Residential lots 200630PLATS - 404 Residential lots 1979 12 PLATS - 227 Residential lots 200720 PLATS - 187 Residential lots 1980 4 PLATS - 106 Residential lots 21 (COMMERCIAL LOTS) 1981 1 PLAT - 4 Residential lots200811 PLATS-23 Residential lots 1982 2 PLATS - 21 Residential lots20095 PLATS- 5 Residential lots 1983 1 PLAT - 49 Residential lots20104 PLATS - 8 Residential lots 1984 3 PLATS - 18 Residential lots20117 PLATS - 10 Residential lots 1 (INDUSTRIAL LOT) 1985 6 PLATS - 44 Residential lots 20125 PLATS - 5 Residential lots 1986 5 PLATS - 72 Residential lots 20133 PLATS-3 Residential lots 1987 8 PLATS - 133 Residential lots 2014 10 PLATS - 18 Residential lots 1988 8 PLATS - 131 Residential lots 3 (COMMERCIAL LOTS) 1989 7 PLATS - 75 Residential lots 2015 9 PLATS - 25 Residential lots 1990 9 PLATS - 69 Residential lots 20164PLATS-16 Residential lots 3 (COMMERCIAL LOTS) 2 (INDUSTIRAL LOTS) 1991 5 PLATS - 73 Residential lots 20179 PLATS- 28 Residential lots 199210 PLATS-168 Residential lots2018 13 PLATS-53 Residential lots 199321 PLATS-303 Residential lots2019 18 PLATS-151 Residential lots 1994 14 PLATS - 260 Residential lots2020 10 PLATS- 36 Residential lots 199534 PLATS-268 Residential lots2021 21 PLATS-87 Residential lots 199668 PLATS-487Residential lots202212 PLATS-56 Residential lots 30 (COMMERCIAL LOTS) 2023 20 PLATS- 49 Residential lots 1997 54 PLATS -517 Residential lots 2024 11PLATS-55Residential lots 1998 38 PLATS -612 Residential lots 20258PLATS-31Residential lots 1999 52 PLATS -523Residential lots 2 (COMMERCIAL LOTS) 2000 43 PLATS -383 Residential lots 17 (COMMERCIAL LOTS) 2001 46 PLATS -446Residential lots 4 (COMMERCIAL LOTS) 2002 54 PLATS - 461Residential lots 3 (INDUSTRIAL LOTS) 1 (COMMERCIAL LOTS) SHERBURNE 2025 PLATTED/UNPLATTED ACRES TOWNSHIPS ONLY TOWNSHIP# PLATS # ACRES ACRES TOTAL PLATTED TOTAL % OF ACRES RECORDED IN PLATTED PLATTEDANNEXEDACRESUNPLATTED PLATTED 2025LOTSACRES BECKER21142 0 5,08428,29615% BIG LAKE2212 0 6,33419,36425% BLUE HILL000 0 2,37720,97510% CLEAR LAKE000 0 1,45022,0006% HAVEN000 0 1,33820,3816% LIVONIA31768 0 5,86314,44029% ORROCK000 0 3,76519,44916% PALMER116 0 1,41821,9206% SANTIAGO000 0 1,35322,0016% TOTALS831128028,982188,82616% Lots Acres Plats Recorded Platted in Platted in Acres Annexed Total Platted acres Total Unplatted % of Acres in 202520252025in 2025in Sherburneacres in SherburnePlatted