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04/10/1995 BOR - 4900.� cirr a� �tincFr �99s saaRa aF RFVi�w APR/L 10, f995 TO: WILLIAM W. BURNS, CITY MANAGER ��� , FROM: RICHARD D. PRIBYL, FINANCE DIRECTOR SUBJECT: 1995 BOARD OF REVIEW DATE: March 23, 1995 Attached you will find a summary of the property tax data that relates to the most cunent property appraisal within the City of Fridley. This information was the basis from which the property tax information was developed and appeared on the recent mailing of vaivation notices. This is the information that is pertinent to the discussion that will take place at the Board of Review on April 10, 1995. RDP/me Attachment(s) COF MEMO TO: William Burns, City Manager Rick Pribyl, Finance Director FROM: Leon Madsen, City Assessor SUBJECT: 1995 Board of Review DATE: March 15,1995 Attached is our annual presentation to the members of the Board of Review. The meeting of the Board is scheduled for April 10, 1995, at 7:30 PM, just prior to the regular Council meeting. Since State Statutes 274.01 require that the business of the Board be concluded within 20 days of the first meeting, and assuming that we will need to review a number of cases before a decision can be made by the Board, April 24 should be tentatively scheduled for the continued meeting. This year, Mary Smith will be assisting me with the presentation of cases to the Board. Representatives from the Anoka County Property Tax and Records Division will answer questions regarding apartment properties. The pay 1995 tax statements, which included the 1995 pay 1996 valuation notice, were mailed from Monday March 13 thru Fri. March 17. Although at this early date, it is not clear how much response we will receive from taxpayers, we can expect a certain amount of concem due to increases approaching 8%. As with previous years, our office will attempt to explain and satisfy the concerns of as many people as we can, prior to the meeting. For those that wish to bring their concems to the Board, we will advise them to prepare their presentation based upon sound appraisal facts, and our office will do likewise. As with previous years, a certain number (approx. 20) refused us entry or did not respond to our routine series of letters to gain entry. For these, we applied an arbitrary value. If any of these taxpayers appear, we ask the Board that it instruct the taxpayer to allow us entry. Thereupon, we will be able to apply an equitable value. A couple of these people indicated that they would appear at the Board to protest our policy. It is my understanding that the terms of this policy are on file in the Manager's office, if refer�ence is required. Please let me know, in advance of the meeting, 'rf additional detail is required, on this issue. THE 1995 BOARD OF REVIEW MEETING APRIL 10, 1995 �,i� This meeting is called, by State of Minnesota Statute, to review the Assessor's estimated market values for the 1995 pay 1996 assessment. In the past, there has been a need to call a continued meeting to hear cases that cannot be resolved at this first session. In order to give our office adequate time to prepare, we would appreciate at least 2 weeks time until the next meeting, tentatively scheduled for April 24. State Statutes require that the Board finish its business within 20 days of the first meeting. The notice for this year's meeting was included on the pay 1995 property tax statement. The taxpayer was directed to contact our office if they wished to appear before the Board. Of those that do, we should be prepared to be able to settle most of those cases. However, for those that appear without having contacted us, we may need to take more time to review and prepare a case. We would appreciate it if these people could be asked to contact our office to arrange to make a review of their property. IMPORTANT — The Board should take 1 of 3 possible courses of action on each case. It should either AFFIRM, DECREASE or INCREASE the value as submitted by the City or County Assessor. Regardless of the Board's action, the option of appealing to the County Board of Equalization is always open. The County meeting is scheduled for June 19, 1995, 9:OOAM, at the Anoka County Courthouse. AUTHORITY OF THE LOCAL BOARD OF REVIEW Assessments of property are made to provide the means of ineasuring the relative share of each taxpayer in meeting the costs of local government. It is the duty of the Assessor to appraise all taxable property. If the burden of local government it to be fairly and justly shared among the owners of all property of value, it is necessary that all taxable property be listed on the tax rolls and that all assessments be made accurately. Minnesota Statutes Section 274.01 provides that the council of each city shall be, or appoint, a Board of Review. These meeting are required to be held between April 1 and May 30 and the Clerk of the Board of Review is required to give published and posted notice at least ten days before the date set of the first meeting. The Board of Review of any city, unless a longer period is approved by the Commissioner of Revenue, must complete its work and adjourn within 20 days from the time of convening specified in the notice to the Clerk. No action taken subsequent to such date shall be valid. A request for additional time in order to complete the work of the Board of Review must be addressed to the Commissioner of Revenue in writing. The Commissioner's approval is necessary to legalize any procedure subsequent to the expiration of the 20-day period. The Commissioner of Revenue will not, however, extend the time for local Boards of Review to meet past June 15 because County Boards of Equalization convene on June 19. The authority of the local board extends over the individual assessments of real and personal property. The board does not have the power to increase or decrease by percentage all assessments in the district of a given class of property. Changes of aggregate assessments by classes are made by the County Board of Equalization. Although the local Board of Review has the authority to increase or reduce individual assessments, the total of such adjustments must not reduce the aggregate assessment made by the assessor by more than one percent of said aggregate assessment. If the total of such adjustments does lower the aggregate assessment made by the Assessor by more than one percent, none of the adjustments will be allowed. This limitation does not apply, however to the correction of clerical errors or the removal of duplicate assessments. COF MEMORANDUM TO: William Burns, City Manager Rick Pribyl, Finance Director FROM: Leon Madsen, City Assessor SUBJECT: 1995 pay 1996 Assessment DATE: March 15, 1995 This is to apprise you and the members of the Council, sitting as members of the Board of Review, of the procedures used to accomplish this year's assessment. The Board meeting is scheduled for April 10, 1995, at 7:30 PM, in the Council Chambers. RESIDENTIAL A County study of 296 non-townhouse sales, that took place during 1994, has indicated that our sales ratio (our values compared to sales prices) had slipped from a rate of 94.5 at the beginning of the year, to 91.6% at 1994's year end. To bring the assessment within the County Assessor's recommended ratio of 94% to 95%, a number of adjustments were done. Primarily, basic residential structure values were increased 4%. Simultaneously, the rate of physical depreciation was increased by 1%, causing a net increase of 3o for basic structures. The values of amenities such as fireplaces, extra baths, and decks were left unchanged. Consequently, depending on how many of these types of amentities a particular property has, the amount of overall structure increase may range from 3°s to something less than that. Additionally, we completely restructured our method of valuing residential land and the rates used. Rates changed in an approximate range of from -8% to a+12%. Areas receiving the largest land value increases were the very average valued areas and in the single family areas of Innsbrucks North and South. Recent sales, in these areas, indicated that our overall sales ratio had deteriorated more than other areas of the City. Although we don't like to make value changes that result in wide swings in percentage; periodically it becomes necessary. This is primarily due to the fact that we work with a largely automated appraisal system. Under routine conditions, changes are made on a relatively citywide basis. After a number of years of this procedure, inequities accumulate. Consequently, we occasionally need to make a more in-depth study. In this year's process, we installed a system that should facilitate tracking subtle changes in micro-markets within the City, on an annual basis. Page 2 Cummulatively, the adjustments made this year, have caused average changes ranging, in overall residential market values, from -2% to +8% with an overall average of +3.5�. COMMERCIAL-INDUSTRIAL Some segments, of this real estate market, have begun to exhibit strong signs of recovery. Occupancy rates and some rents, for multi-tenant office-warehouse properties have increased over the recent months. The single-tenant industrial facility market has also shown marked improvement. This is evidenced in the number of new facilities being built or planned in the Great Northern Industrial Center, as well the Murphy Warehouse, Voight Bus, Joseph Land and Scott Lund projects. Therefore, to varying degrees, we have begun to increase these values. Office and retail, including shopping centers, remain relatively stable, showing no need for adjustments in our current value levels, for these types of property. J SALES STUDY Following is a key to reading the Residential Sales Data study for 1994 —At the top of the page is the year the sales took place for the study. This is also the year of the Assessor's value that the sales are compared with ie. this study compares 1994 sales with the Assessor's EMVs for 1994 pay 1995. —The list of sales is arranged in ascending order of the sales ratios (last column). —The first cotumn,labeled MO, is the month of the sale. —PIN is the parcel ID nunber. —CLS or class is the type of structure RS is a rambler on slab. RB is a rambler on basement. SF is a slit foyer. EA is a finished 1 1/4 sty. All bases starting with T are townhouses. RC is a rambler on crawl space. SL is a split level. CB is a 2 story. —BASE is quality of construction 1 is the highest quality. 2 digit numbers are splits between single number classes ie. 12 is a split between 1&2, 15 is btwn. 2&3, 18 is btwn. 3&4, 21 is btwn. 4&5, 24 is btwn. 5&6, 27 is btwn. 6&7, 30 is btwn. 7&8 etc. A class 27 is considered a very average quality home in Fridley, and a rate above 7 is usually substandard in some way. —BMT indicates if it has a full or partial basement. 0= no basement 1= partial basement 2= full basement —Under GARAGE is AREA which indicates number of square feet and TYPE denoting 'rf it is attached, detached or tuck—under. —Under EXTRA BATHS is space for up to 3 extra baths with the numbers indicating if they have 1,2,or3 fixtures. —BAS FIN indicates square feet of basement finishing. Sales Study (cont.) —FP indicates # of fireplaces —AIR indicates central air conditioning YES or NO. —PCH indicates type of porch, such as: GFPP is a 3 season porch. GUPP is a glazed, unfinished porch. SCPP is a screened porch. POSL is an open porch on concrete salb. POWD is a porch with wood floor. —DECK shows square feet of decks, 'rf any. —FLOOR AREA is size of basic structure, in square feet —YB is effective year built. If house has had major remodeling or additions, the eff. age may be newer than original year built. —SALE PRICE is the price paid as shown on the CERTIFICATE OF REAL ESTATE VALUE which must be filed with any recorded instrument of transfer. If there is any non—marketfinancing involved in the sale, the sale price shown will be adjusted for this condition. —EMV is our Assessor's Estimated Market Va1ue as of 1-2-94. —PREV SALE shows date of any previous sale within the last 10 years. —RATIO is the relationship of the EMV to the SELLING PRICE. SUMMARY at the end of the report indicates the result of a number of statistical analysis. The first column of data is relatively unimportant except for the last number which is the number of sales in the study. The second column contains: AVG PRICE — is the average selling price of all sales recorded for the year. AVG EMV — is the average Assessor's EMV of all properties sold in 19�' `� AVG RATIO — is the relationship of the Assessor's EMVs to the sales prices. AVG BU1�T — shows the average age of those properties sold. AVG AREA — is the average square footage of those sold. COD — Our current system is not calculating this statistical measurement accurateiy. The County's study currently has our COD or coefficient of dispersion @ 6.5%. The Dept. of Revenue depicts a COD of less than 10, as EXCELLENT equality. 2/10/95 CITY OF FRIDLEY Page 1 RESIDENTIAL SALES DATA FOR 7994 OVERALL-SALES SALE MO STREET ADDRESS C B EXTRA A L M GARAGE B A T H F BAS I fL00R Y SALE PIN NUMBER S BASE T AREATYPE 1 2 3 P FIN R PCH DECK AREA B PRICE EMV PREV SALE RATIO -- ----------------------- ---------�- - - ---- - -------- ------- - ---- - ---- ---- ----- -- ------- ------ ----- ------- 7 129 LOGAN PKWY 9 5164 RAINIER PASS 9 6715 ASHTON AVE 4 7100 RIVERVIEN TER 9 1568 GARDENA AVE 7 6854 WASHlNGTON 5 b775 E RIVER RD 7 7386 MEMORY LN 3 71 63 1/2 WAY 3 6745 CHANNEL RD 5 7428 MELODY DR 7 7432 MELODY DR 6 6171 HEATHER PL 6 5660 W DANUBE RD NE 6 7217 EAST RIVER RD 4 5173 ST MORITZ DR 2 1426 NORTH INNSBRUCK DR 3 5852 2 1/2 ST 10 1426 N INNSBRUCK DR 3 517 CHERI LN 6 40 RICE CREEK WAY 5 7501 JACKSON 4 7544 TEMPO TER 6 6378 PIERCE ST 7 6141 STARLITE BLVD 8 1365 73 AVE 3 6261 COMET LN 4 467 79 WAY 1 5688 ARTHUR ST 4 6793 OVERTON DR 2 7518 4 ST 4 6362 BAKER ST 2 565 RICE CREEK TER 5 8161 E RIVER RD 5 5235 TAYLOR 8 537 BENNETT DR 3 7053 HICKORY DR 8 11 66 1/2 WAY 4 1314 HILLCREST DR 11 731 58 AVE 2 7375 MEMORY LN 3 1085 GARDENA AVE 7 8065 RIVERVIEW TER 8 173 RIVER EDGE WAY 6 6231 CAROL DR 5 5217 MATTERHORN 8 257 69 AVE 5 495 MISSISSIPPI ST 2 7542 TEMPO 7ER 7 6431 BAKER ST 8 1358 HILICREST DR 10-13- 25 RB 25-12- 15 RB 15-11- 21 SF 70-43- 6 RB 24-14- 46 RB 14-12- 39 CB 15-12- 66 RB 11-13- 90 CB 75-41- 91 RB 13-21- 5 RB 11-13- 104 RB 71-13- 105 RB 13-43- 81 CB 24-42- 32 CB 10-41- 18 EC 25-12- 53 SL 24-42- 67 RB 23-23- 75 EA 24-42- 67 RB 23-43- 48 RB 15-14- 7 SF 11-11- 21 SF 11-11- 34 CB 13-31- 45 RB 15-44- 57 RB 12-13- 92 SP 14-33- 64 RB 3-31- 14 SF 24-42- 20 CB 13-23- 41 RB 71-21- 48 RB 13-32- 42 RB 14•12- 71 SL 3-24- 26 RB 25-22- 28 CB 14-42- 16 RB 10-44- 19 SF 15-14- 13 SF 24-12- 53 SL 23-14- 54 RB 17-13- 97 SF 24-24- 20 CB 3-32- 73 EA 15-43- 51 RB 14-44- 30 RB 25-12- 6 RB 14-22- 2 RB 14-24- 1 RS 11-12- 36 SF 13-32- 26 RB 24-12- 31 RB 27 04 06 06 08 O6 27 O6 30 27 27 27 01 15 30 27 03 30 03 OT 06 27 27 27 27 27 27 27 01 27 27 7 05 27 05 06 27 06 06 27 27 05 27 27 27 OS 27 06 27 07 27 2 308 A 2 528 A 2 1026 A 2 484 A 2 576 D 2 440 A 2 484 A 2 440 A 1 2 308 A 2 504 A 2 484 A 1 860 A 2 440 1 0 2 440 A 2 518 A 1 528 D 2 518 A 2 550 D 2 528 A 2 480 A 2 440 A 2 576 A 2 506 A 2 528 A 2 484 A 2 T 2 836 A 2 286 A 2 576 D 2 308 A 2 T 2 660 A 2 T 2 364 A 2 482 A 1 528 A 2 420 A 2 484 A 2 500 A 2 504 A 2 440 D 2 462 A 2 308 A 2 480 A 2 622 A 2 57b D 2 480 A 2 280 D 2 420 A 1 3 3 3 3 3 2 3 2 2 3 3 2 3 3 2 3 3 3 3 2 3 2 3 3 2 3 3 3 2 4 3 3 3 2 3 3 3 1 3 3 3 2 3 2 3 3 3 3 3 3 3 1 450 T 2 527 Y GFP z no r aos� 2 1228 Y GFP 600 N 1 500 N POSL 1 286 Y GFP 275 Y POSL N 1 584 Y 1 641 Y 1 652 Y 1 Y 2 Y N 2 738 Y GFP 7 400 Y POSL N 1 400 Y POSL 250 N 2 601 Y 408 Y 340 Y POSL N 396 N 461 N 2 264 Y GFP 2 303 Y 3 1040 Y POWD 600 N POWD 625 Y 538 Y 2 787 Y 1 500 Y GUP 1 N 504 Y POSL 1 600 Y 1 677 Y 7 522 Y GFP 1 1026 N GUP 1 576 Y GFP 1 Y POWD Y 2 535 Y 482 N 2 640 Y 1 924 Y 1 700 N POSL 756 N 351 N 2 646 Y 1010 54 99,900 76,800 345 1350 60 779,900 124,600 480 1020 73 130,500 93,000 0192 1396 55 187,000 129,800 783 53 76,000 55,100 91 832 58 129,000 94,700 1170 56 108,900 81,000 144 750 68 125,500 93,700 0789 �18 42 56,500 42,500 336 1000 57 98,900 76,100 1060 66 106,400 81,900 768 1058 67 107,000 82,400 424 2661 83 350,000 270,100 140 1198 78 798,700 755,600 55b 40 52,900 41,500 1293 100 1200 64 760,000 125,700 420 1808 77 142,000 112,200 928 46 68,000 54,100 420 1808 77 140,000 112,200 0294 728 48 69,000 55,700 1092 1204 67 722,500 99,100 30 888 66 99,000 80,200 0491 832 67 112,300 91,100 884 57 85,750 69,600 912 55 85,000 69,200 384 864 71 93,500 76,300 7176 55 101,900 83,700 1375 70 109,000 89,600 524 1648 76 264,000 217,900 1116 64 98,500 81,300 1189 140 7005 61 94,000 77,600 355 1068 53 90,200 74,700 0992 760 1361 60 149,900 124,300 284 912 50 87,000 72,200 1512 82 100,000 83,000 0889 1056 57 98,000 81,500 100 1048 71 101,900 84,800 0989 70 988 T3 711,900 93,300 480 1100 59 120,000 100,100 7672 62 119,000 99,300 993 1222 65 112,000 93,600 308 1218 80 140,500 117,500 306 782 48 87,652 73,300 0493 252 7056 59 96,500 80,700 960 56 86,400 72,400 1248 67 732,900 111,500 1152 62 99,000 83,100 288 1239 52 104,900 88,200 0791 1076 67 103,800 87,300 07/92 839 49 76,900 64,700 0589 117 1118 54 700,000 84,300 69.26 71.26 71.71 72.50 73.41 74.38 74.66 75.22 76.94 76.97 77.00 77.17 78.30 78.44 78.56 79.Ot 79.55 80.14 80.72 80.89 81.01 81.12 81.16 81.41 81.60 82.13 82.20 82.53 82.53 82.55 82.81 82.92 82.98 83.00 83.16 83.21 83.37 83.41 83.44 83.57 83.62 83.62 83.62 83.79 83.89 83.93 84.08 84.10 84.13 84.30 2/10/95 C[TY OF FRIDLEY Page 2 RESIDEN7IAL SALES DATA FOR 1994 OVERALL-SALES SAIE MO STREET ADDRESS C B EXTRA A L M GARAGE B A T H F BAS I fL00R Y SALE PREV PIN NUMBER S BASE T AREATYPE 1 2 3 P FIN R PCH DECK AREA B PRICE EMV SALE RATIO -- ----------------------- ----------- - - ---- - -------- ------- - ---- - ---- ---- ----- -- ------- ------ ----- ------- 6 1545 TROLLHAGEN 4 1390 76 AVE 6 6131 TRINITY DR 4 5841 6 ST 5 5313 ALTURA RD 7 691 MARIGOLD TER 4 6011 4 ST 6 91 75 WAY 3 6100 TRINITY DR 6 1027 MISSISSIPPI 6 1605 66 1/2 AVE 2 6161 5 ST 2 7436 MELODY DR 3 6550 OAKLEY DR 4 6694 FRIDLEY ST 3 641 DOVER ST 4 6680 ANOKA S7 1 7515 JACKSON ST 7 6420 BAKER 9 6312 PIERCE ST 1 412 RICE CREEK BLVD 3 1533 BERNE RD 2 6373 PIERCE 4 7020 HATHAWAY LN 2 1456 WINOEMERE DR 5 681 GLENCOE 7 7530 TEMPO TER 3 561 53 AVE 3 516 67 AVE 3 350 ELY ST 4 5988 WOODY LN 6 359 66 AVE 9 7558 5 ST 1 574 MISSISSIPPI ST 6 7666 VAN BUREN 4 6625 CHANNEL RD 6 6581 LUCIA LN 10 1423 GARDENA 6 144 SATELLITE LN 6 534 CHERI CIR 3 1571 61 AVE 3 5834 2 1/2 ST 7 1281 HATHAWAY LN 4 695 59 AVE 2 6250 TRINITY DR 7 6761 MADISON 3 5085 TOPPER LN 9 5677 6 ST 8 1363 bb AVE 4 4756 2 ST 9 861 KENNASTON DR 25-71- 74 SF 72-72- 776 SF 14-33- 70 RB 23-24- 68 RB 23-33- 87 RB 23-74- 32 RB 23-23- 48 RB 10-12- 36 RB 15-44- 52 RB 73-23- 32 RB 13-14- 43 RB 14-34- 76 RB 11-13- 106 RB 13-23- 10 RB 13-74- 53 SL 3-32- 94 EA 13-14- 116 RB 11-11- 19 SF 73-32- 37 RB 13-31- 49 RB 14-21- 38 RB 25-11- 44 RB 13-31- 24 DE 24-31- 44 RB 25-12- 80 CB 3-23- 178 RC 11-12- 32 RB 23-43- 61 RB 14-13- 54 RB 3-37- 10 SF 24-21- 24 RB 14-24- 23 RS 11-21- 11 EB 14-42- 11 RB 11-71- 60 RB 13-24- 106 RB 13-24- 66 RB 24-12- 15 EA 14-32- 2 RB 23-43- 4 RB 13-44- 83 SP 23-23- 78 RB 24-31- 53 SL 23-14- 24 RB 15-44- 73 RB 14-13- 64 SL 26-23- 101 RB 23-31- 12 RB 13-13- 32 RB 26-32- 60 RB 14-11- 2 RB 21 06 27 27 27 27 27 27 27 07 06 27 27 07 05 27 27 27 27 27 06 01 49 27 04 08 27 8 27 06 27 08 07 27 27 27 27 27 27 27 21 08 27 27 27 27 07 27 27 07 27 7 T 2 484 A 2 440 A 2 308 A 2 396 D 2 352 D 2 1008 D 2 322 A 2 572 D 2 624 D 2 484 A 2 308 A 2 336 A 2 198 A 1 400 A 2 252 D 2 576 D 2 636 A 2 440 D 2 484 D 2 440 A 2 676 A 1 576 D 2 572 A 2 500 A 0 250 D 2 484 D 2 720 D 2 252 A 2 480 A 2 440 A 0 300 A 2 572 D 2 240 A 2 528 D 2 400 D 2 676 D 2 400 A 2 520 A 2 768 D 2 564 A 2 1 252 A 2 352 D 2 T 2 252 A 2 576 A 2 480 D 2 660 A 2 540 D 2 525 A 3 3 3 3 3 2 2 3 3 4 2 4 2 2 2 3 3 4 2 3 3 3 2 3 3 2 2 3 3 1 2 3 3 2 297 Y 1 504 Y N N Y 680 N 588 Y 297 N 1 476 Y 2 336 N 579 Y 1 492 Y SCP 308 N 1 760 Y GFP Y GUP 508 Y 402 Y 1 764 Y GFP Y 402 Y 3 1170 Y GFP N 506 Y 1 Y POS! N 576 Y 958 Y 752 Y GFP 1 594 Y GUP 698 N N POSL 360 Y 440 Y N 476 N 379 Y 1 N GFP 533 N 2 564 Y 2 802 Y SCP N 1 484 Y Y Y GFP 1 484 Y SCP 380 Y N 1 392 Y N 250 Y GFP 1423 68 149,900 126,500 0291 14Q 1282 79 179,400 101,500 0193 912 55 82,000 69,800 312 960 59 83,500 71,300 1040 56 80,000 68,500 0790 928 55 84,000 72,000 972 59 89,900 77,700 0191 988 65 88,000 75,600 7424 57 98,000 84,200 1216 47 84,000 72,300 1000 65 703,000 88,800 160 1050 61 86,000 74,200 1320 67 106,600 92,100 720 46 69,900 60,700 04/91 234 1173 85 150,000 730,300 572 50 64,000 55,600 80 975 64 88,000 76,500 0989 24 888 65 93,350 81,200 1260 55 702,000 88,800 144 884 57 81,900 71,300 0391 270 1341 67 109,000 94,900 03/92 2648 67 270,000 235,100 984 62 86,900 75,700 240 1142 60 90,500 78,900 0390 1234 68 156,500 136,500 643 48 52,500 45,800 1160 65 101,900 88,900 7200 55 85,000 74,200 1067 57 89,000 77,700 0790 323 1040 78 114,000 99,600 48 1120 63 96,000 83,900 868 52 65,500 57,300 0193 832 55 82,500 72,200 1112 56 84,900 74,400 974 55 82,900 72,700 308 792 52 76,000 66,700 0789 150 1066 62 92,500 81,200 920 39 86,000 75,500 0989 1118 63 89,900 79,000 400 1052 60 95,000 83,600 362 1110 76 134,500 118,400 768 54 56,000 49,300 0491 1147 63 99,000 87,200 928 56 80,200 70,700 1040 57 87,500 77,500 1100 59 94,500 83,800 192 1040 56 82,900 73,700 988 50 77,500 69,100 113 960 54 87,750 78,500 0890 280 720 47 68,500 61,400 1069 60 91,000 81,700 84.38 85.00 85.72 85.38 85.62 85.71 85.76 85.90 85.91 86.07 86.27 86.27 86.39 86.83 86.86 86.87 86.93 86.98 87.05 87.05 87.06 87.07 87.11 87.18 87.22 87.23 87.24 87.29 87.30 87.36 87.39 87.48 87.57 87.63 87.69 87.76 87. 78 87.79 87.87 88.00 88.02 88.03 88.08 88.15 88.57 88.67 88.90 89.16 89.45 89.63 89.78 2/10/95 CITY OF FRIDLEY Page 3 RESIDENTIAL SALES DATA FOR 1994 OVERALL-SALES SALE MO STREET ADDRESS C B EXTRA A L M GARAGE B A T H F BAS I FLOOR Y SALE PREV PIN NUMBER S BASE T AREATYPE 1 2 3 P FIN R PCH DECK AREA B PRICE EMV SALE RATIO -- ---------- ^----------- ----------- - - ---- - ---�---- ------- - ---- - ---- ---- ----- -- ----�-- ------ ----- ------- 2 4709 2 1/2 ST 8 121 RIVER EDGE 6 1390 75 AVE 6 636 MISSISSIPPI ST 1 7109 ASHTON AVE 8 7102 RIVERWOOD DR 3 181 CROWN RD 4 1324 HILLCREST DR 3 6520 LUCIA LN 6 6201 CAROL DR 5 4544 3 ST 2 6821 JEFFERSON ST 5 5770 MADISON ST 3 5763 CENTRAL AVE 7 7545 TEMPO TER 7 6380 QUINCY 4 7336 SYMPHONY 9 7330 CONCERTO CUR 10 1315 SKYWOOD LN . 1 6735 OVERTON DR 3 7473 MCKINLEY ST 6 5431 7 ST . 2 360 67 AVE 2 7502 5 ST 7 7330 ABLE ST 4 6311 JEFFERSON 5 6075 CENTRAL AVE 3 5991 BENJAMIN ST 2 6200 STINSON BLVD b 1280 52 AVE 1 8340 EAST RIVER RD 11 4631 2 ST 7 1319 75 AVE 4 681 GLENCOE ST 7 5044 3 ST 4 6537 CENTRAL AVE 8 580 IRONTON 2 6750 MONROE ST 2 5995 BENJAMIN ST 6 1541 60 AVE 5 1040 HACKMAN CIR 10 347 RICE CREEK TER 6 7574 5 ST 10 1564 TROLLHAGEN 5 821 PANDORA DR 1 649 HUGO ST 4 6255 EAST RIVER RD 4 5240 BUCHANAN 6 7221 E RIVER RD 5 176 LONGFELLOW 7 7551 CENTRAL AVE 26-32- 701 RB 15-43- 81 EA 12-13- 82 RB 14-42- 7 RB 10-41- 35 RB 10-42- 71 CB 23-33- 15 EA 24-12- 48 RB 13-24- 108 SF 74-44- 33 RB 26-33- 88 EA 74-12- 53 SF 23-13- 68 RB 24-23- 31 RB 11-11- 44 RB 14-41- 12 RB 11-24- 85 SF 11-13- 32 RB 24-34- 42 RB 14-14- 86 RB 12-14- 56 RB 23-43- 29 RB 14-24- 77 RB 17-21- 18 RB 11-14- 69 RB 14-42- 78 RB 24-12- 77 SL 24-11- 38 EB 13-44- 64 SF 25-22- 41 RB 3-22- 83 RB 26-33- 44 RB 12-12- 22 RB 3-23- 178 RC 26-23- 106 EA 13-13- 52 EA 3-23- 58 RB 14-14- 1 RB 24-17- 97 RB 24-11- 66 RB 24-24- 52 RB 14-21- 49 RB 11-21- 9 EA 25-11- 77 SL 14-17- 86 RB 3-23- 152 RB 15-44- 6 EA 25-21- 36 SF 10-41- 17 EA 3-42- 34 SF 12-12- 26 RB 07 27 27 27 07 18 27 27 22 27 27 06 27 27 27 Ob 27 27 27 Ob 27 27 27 07 27 27 27 27 21 24 27 07 27 08 07 27 27 27 09 27 27 24 07 18 27 27 07 06 30 27 27 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2 2 2 2 2 2 0 2 2 2 2 2 2 2 2 2 1 2 2 1 2 2 2 2 396 D 308 A 528 A 598 A 484 D 744 A 392 D 280 A 600 A 308 D 520 A 520 A 440 D T 480 A 440 A 480 A 322 A T 308 A 420 A 440 D 312 A 440 D 660 A 576 D 484 A 440 D 440 A 475 A 528 A 308 D 336 A 250 D 352 D 528 D 528 D 450 A 280 D 294 A 294 A 462 A 440 D 576 A 440 D 528 D 528 D 500 A 432 D 264 A 520 D 1 2 1 2 2 4 2 7 3 2 4 1 3 2 3 3 1 1 2 1 1 3 3 1 3 1 3 1 3 2 2 1 3 1 3 1 3 2 2 2 3 2 3 3 3 3 3 3 3 3 2 3 1 3 2 2 2 7 Y 440 Y 842 Y 536 N 154 T 550 Y POSL 330 Y 604 Y 552 Y 532 N Y 561 Y Y 491 N 728 Y 553 Y 468 N POSI 645 N POSL 168 Y 625 N GFP 458 Y GFP Y 528 Y 374 Y 198 N GFP 576 Y Y N POSL 880 Y POSL 763 Y GFP 798 Y 268 N 664 Y N 336 N POWD Y 574 Y 516 N N GUP 480 Y POSL 640 Y POSL 896 Y POSL 360 N 987 Y POWD 587 Y 444 Y 80 216 225 276 760 370 176 320 325 52 25b 368 165 220 320 586 Y POSL 324 2 912 Y 175 N 506 Y 383 Y 720 48 67,900 61,000 900 58 92,500 83,100 1193 74 104,900 94,300 912 56 79,000 77,200 884 81 78,500 70,800 1092 88 183,000 165,300 784 56 79,900 72,200 1418 57 105,900 95,700 1276 88 135,000 122,100 960 56 84,000 76,000 988 64 99,900 90,400 7094 63 99,500 90,300 1040 56 82,500 74,900 1196 55 83,400 76,300 1160 66 92,900 84,500 7280 67 98,000 89,300 960 61 90,500 82,500 1211 64 94,000 85,700 7040 66 85,000 77,500 1093 66 97,000 88,500 960 69 91,000 83,200 1052 60 82,000 75,200 0290 7709 55 84,900 77,900 936 57 76,000 69,800 0792 870 51 82,900 76,300 0792 1248 61 89,000 82,000 1112 91 703,000 94,900 0591 860 47 82,500 76,100 1008 72 111,300 102,T00 10/93 1145 74 714,100 105,300 1040 65 81,400 75,200 727 43 64,500 59,600 1008 65 81,900 75,800 b43 48 49,450 45,800 890 55 86,000 79,700 984 47 85,000 78,800 1012 66 77,500 71,900 1025 59 82,400 76,600 772 40 63,000 58,600 1152 64 92,000 85,600 1026 59 82,900 77,200 1089 7407 63 141,000 137,400 832 55 79,000 73,700 0389 2226 6T 176,500 165,100 1U25 59 85,U00 79,600 960 65 76,700 71,900 748 49 70,000 65,800 1040 64 145,600 99,300 600 40 55,292 52,100 826 63 72,600 68,500 1744 59 84,000 79,300 89.83 89.83 89.89 90.12 90.19 90.32 90.36 90.36 90.44 90.47 90.49 90.75 90.78 90.94 90.95 91.12 91.16 91.17 91.17 91.23 91.42 91.70 91.75 91.84 92.03 92.13 92.13 92.24 92.27 92.28 42.38 92.40 92.55 92.b1 92.67 92.70 92.77 92.96 93.01 93.04 93.12 93.19 93.29 93.54 93.64 93.74 94.00 94.03 94.22 94.35 94.40 I 2/10/95 CITY OF FRIDLEY Page 4 RESIDENTIAL SALES DATA FOR 1994 OVERALL-SALES SALE MO STREET ADDRESS C B EXTRA A L M GARAGE B A T H F BAS ! FLOOR Y SALE PREV PIN NUMBER S BASE T AREATYPE 1 2 3 P FIN R PCH DECK AREA B PRICE EMV SALE RATIO -- ----------------------- ----------- - - ---- - -------- ------- - ---- - ---- ---- ----- -- ------- ------ ----- ------- 2 5981 MAIN ST 9 125 76 WAY 9 1041 HACKMANN CIR 7 630 67 AVE 5 5595 N DANUBE RD 7 1359 HILLCREST DR 4 6661 EAST RIVER RD 8 1643 BRIARDALE RD 5 521 HUGO 2 1551 DANA CT 8 320 OSBORNE RD 2 7593 LYRIC LN 5 710 OVERTON DR 6 516 53 7/2 AVE 9 5841 W MOORE LAKE DR 2 350 HUGO 6 1580 ONONDAGA 5 196 ELY 7 4780 3 ST , 8 7345 HAYES 3 1021 HACKMAN CIR 3 6210 EAST RIVER RD . 4 5981 5 5T 3 308 HUGO 2 286 RICE CRK BLVD 5 740 67 AVE 4 115 SATELLITE LN 4 5705 WASHINGTON 4 580 57 AVE 8 351 BELLAIRE WAY 94 376 66 AVE 2 1510 CAMELOT LN 9 700 MISSISSIPPI ST 3 7449 TALMADGE LN 5 6729 JACKSON 3 525 RICE CREEK TER 1 1360 CREEK PARK LN 2 1313 HILLCREST DR 6 5851 4 ST 8 881 MISSISSIPPI ST 5 369 66 AVE 2 1511 60 AVE 11 6562 ANOKA 10 7501 LAKESIDE RD � 2 5347 ALTURA RD 3 15 RICE CK WAY 10 1525 75 AVE � 5 920 OVERTON 2 5069 3 ST 7 12 63 1/2 WAY 11 6880 BROOKVIEW DR 23-22- 84 DE 10-12- 84 SF 24-24- 27 RB 14-13- 81 RB 24-42- 8T RB 24-12- 62 RB 15-13- 51 SF 13-44- 25 SL 3-23- 45 RC 13-41- 13 SF 71-21- 5 EA 11-11- 30 RB 74-77- 129 RB 23-43- 103 RB 23-14- 7 RB 3-24- 84 SL 12-74- 58 SF 3-42- 130 SF 26-32- 92 EA 12-13- 28 EA 24-21- 25 RB 15-43- 27 DB 23-21- 66 RB 3-24- 90 SL 14-22- 44 RB 14-14- 29 RB 15-41- 85 SF 23-13- 29 RB 23-42- 27 RB 3-34- 26 RB 14-24- 32 RB 13-41- 82 SF 14-41- 3 RB 10-14- 26 SF 14-14- 108 RB 14-21- 54 RB 13-13- 54 SL 24-12- 66 RB 23-24- 37 RB 14-14- 84 EA 14-24- 77 RB 24-17- 63 RB 13-14- 128 RB 12-11- 6 CB 23-33- 90 RB 15-11- 29 RB 12-11- 67 EA 14-11- 40 RB 26-23- 83 DB 15-41- 34 RB 13-22- 16 RB 49 06 2T 27 18 27 27 04 07 21 07 27 27 27 27 27 06 27 07 27 27 47 27 27 24 27 27 O8 27 06 27 27 27 06 27 05 24 27 27 27 27 27 30 27 27 24 07 27 49 07 27 2 2 2 2 2 2 1 0 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 912 A 720 D 672 D 528 A T 480 A 442 A 308 D 484 A 308 A 480 A 528 A 440 D 264 A T 660 A 576 D 816 D 528 D 294 A 528 A 624 D 480 A 418 A 440 D T 484 D 396 D 440 A 312 A 488 A 506 A 484 A 572 A 528 A 528 A T 308 A 308 D 308 A 520 A 528 D 480 A 780 D 440 A 288 A 308 A 420 D 240 D 294 A 3 3 3 3 3 2 3 1 2 3 3 3 2 2 2 3 3 2 2 3 2 3 2 3 3 3 3 3 3 3 1 2 2 2 1 1 1 3 3 3 3 2 N 1 774 Y GFP 440 Y 613 Y 2 794 Y 2 582 N 1 390 Y 2 757 Y POSL N 2 848 Y 443 Y GUP 507 Y POSL 105 N 456 N 1 864 N 436 N 900 Y 1 393 Y Y 167 N N 380 Y POSL 2 N 1 668 Y 2 791 N 1b8 Y POSL 264 Y N GFP 350 N POSL 1 N POSL Y 765 N 2 439 N 1 720 N 550 Y GFP 7 884 Y SCP 1 490 Y 2 336 Y 627 Y 532 Y Y GFP 2 601 N POSL 607 N 66 N GUP 380 Y 1 1482 N GFP 1 154 Y GUP 1 799 Y N N 562 Y GFP 796 320 100 308 247 172 104 192 126 209 140 125 161 708 132 270 1008 59 70,750 66,800 1066 89 725,000 118,300 0489 1320 59 92,544 8T,600 1066 58 83,000 78,700 1320 79 143,900 136,500 7532 54 99,700 94,600 864 75 82,500 78,300 1332 74 125,500 119,200 7718 48 67,200 63,900 1363 76 129,000 722,700 10/89 964 55 75,900 72,300 1200 68 86,995 82,900 0989 7025 59 80,055 76,300 0689 1033 57 79,000 75,400 1108 56 92,000 88,000 0290 1348 42 87,500 83,900 1347 78 770,000 105,700 900 75 83,000 79,900 788 54 75,000 72,300 872 57 75,900 73,200 1026 59 77,157 74,500 1584 66 95,900 92,600 1334 63 88,200 85,200 1078 76 94,900 91,700 1177 63 124,500 120,400 1025 59 81,900 79,300 0890 1050 85 89,000 86,300 0691 844 54 68,000 66,000 1040 58 77,000 74,800 0390 1528 62 102,000 99,100 1056 67 77,500 75,400 1072 90 116,000 112,900 1066 66 82,900 80,700 940 78 91,000 88,600 1028 62 85,650 84,000 1468 61 135,000 132,500 1746 85 120,000 717,800 1062 50 81,9Q0 80,400 1040 60 77,000 75,600 876 63 76,500 75,300 1036 53 79,000 T7,800 0691 1051 66 88,000 86,800 1260 42 78,000 77,100 0791 912 50 78,900 78,100 1040 56 72,000 71,500 1426 63 127,000 126,200 1064 56 79,000 78,900 1236 60 87,000 86,900 1695 58 80,000 80,000 0193 672 55 54,900 55,000 1070 63 74,000 74,100 94.41 94.64 94.65 94.81 94.85 94.88 94.90 94.98 95.08 95.11 95.25 95.29 95.30 95.44 95.65 95.88 96.09 96.26 96.40 96.44 96.55 96.55 96.59 96.62 96.70 96.82 96.96 97.05 97.74 97.15 97.29 97.32 97.34 97.36 98.07 98.14 98.16 98.16 98.18 98.43 98.48 98.63 98.84 98.98 99.30 99.37 99.87 99.88 100.00 100.10 100.10 2/10/95 CITY OF FRIDLEY Page 5 RESIDENTIAL SALES DATA fOR 1994 OVERALL-SALES SALE MO STREET ADDRESS C B EXTRA A L M GARAGE B A T H F BAS I FLOOR Y SALE PREV PIN NUMBER S BASE T AREATYPE 1 2 3 P FIN R PCH DECK AREA B PRICE EMV SALE RATIO -- ----------------------- ----------- - - ---- - -------- ------- - ---- - ---- ---- ----- -- ------- ------ ----- ------- 6 8090 BROAD AVE 10 6810 OAKLEY DR 6 161 RICKARD RD 1 1426 64 AVE 4 7565 UNIVERSITY AVE 3 6340 7 ST 8 1015 MISSISSIPPI ST 10 6589 CLOVER PL 5 124 71 1/2 WAY 3 1488 ONONDAGA ST 1 5251 LINCOLN ST 3 615 KIMBALL ST 1 5825 2 ST 7 6771 PLAZA CUR 2 288 LIBERTY ST 6 1381 MISSISSIPPI ST 8 541 53 1/2 AVE 7 5190 3 ST 11 8016 RUTH ST 4 4526 3 ST 8 7650 BACON DR 7 581 IRONTON 8 4512 2 ST 6 5562 FILLMORE ST 8 5841 4 ST 6 567 KIMBALL 4 576 IRONTON 1 8140 RUTH CIR 11 5653 REGIS TR 4 7335 EVERT CT 6 7950 EAST RIVER RD 7 1280 NORTON 3 6034 4 ST 1 7436 CONCERTO CUR 3 7325 CENTRAL AVE 3 7509 EAST RIVER RD 5 554 JANESVILLE 10 5857 MAIN ST 7 7547 TEMPO TER 8 6390 7 ST 6 1631 RICE CREEK RD 3-32- 91 RB 13-22- 43 RB 10-12- 8 RB 13-42- 36 RB 11-21- 37 SL 14-31- 18 SF 13-23- 33 RC 14-14- 53 SL 10-42- 63 SL 72-14- 65 RB 25-21- 59 RB 3-22- 110 SF 23-23- 86 RB 14-23- 61 RB 3-31- 55 RB 73-13- 92 RC 23-43- 81 RB 26-22- 15 SF 3-31- 2 SF 26-33- 90 RB 12-12- 84 RB 3-23- 28 RS 26-33- 117 RB 24-32- 68 Sf 23-24- 36 RB 3-22- 90 EA 3-23- 59 RS 3-24- 45 RB 24-31- 62 SL 12-13- 45 DE 3-31- 124 SF 12-31- 33 DE 23-21- 103 EA 11-13- 68 RB 12-13- 49 DE 10-11- 74 RB 3-23- 38 RS 23-23- 102 RB 11-11- 43 RB 14-31- 14 SL 13-41- 6 RB 27 27 27 07 27 24 07 27 06 27 06 24 O8 27 27 33 27 2T 06 07 27 08 07 27 27 07 07 27 06 4T 27 47 08 27 47 30 08 08 27 24 27 2 T 2 500 A 2 352 A 2 240 A 2 1056 D 2 624 A 0 360 A 1 504 A 2 640 A 2 440 A 2 460 A 2 582 A 2 280 D 2 440 A 2 528 D 0 2 440 D 2 882 A 2 484 A 2 264 D 2 506 A 0 250 A 2 352 D 2 360 A 2 560 A 2 460 A 320 D 2 576 A 1 T 1 528 A 2 490 A 0 672 A 2 440 D 2 456 A 0 1104 D 2 240 D 0 528 D 2 484 D 2 456 A 2 7 2 576 A 3 3 3 3 3 3 3 3 3 1 1 2 3 3 1 2 2 2 2 2 3 2 2 3 3 3 3 3 3 TOTAL PRICE = 23,191,345 TOTAL EMV = 21,114,200 TOTAL RATIO = 22590.2800 TOTAL BUILT = 15143 TOTAL AREA = 266032 NUMBER SALES = 245 1 216 Y 1 165 Y POWD 480 N 285 Y GfP 1004 N GfP 364 Y N 1 506 Y 374 N POSL 800 N 2 400 N POSL 1 684 Y N 2 555 Y 200 Y N GFP 459 N GUP 737 Y 2 600 Y POSL 477 Y 2 833 Y N 1 641 Y POSL 604 Y 490 N 1 N N 480 N GFP 1 484 Y 2 T 7 1008 N N N Y SCP Y N N 298 N GFP 796 Y 487 Y 3 N GUP 260 744 780 72 80 45 160 288 100 200 210 1056 74 75,000 75,400 1144 64 83,500 84,000 1040 62 90,000 90,900 960 50 72,000 72,800 1196 60 88,900 90,000 0291 1460 88 773,000 114,700 916 50 61,000 62,100 1100 59 86,000 87,700 1221 90 120,000 122,500 0790 1008 75 80,000 81,700 1220 62 95,000 97,500 1054 79 95,000 97,500 736 48 52,000 53,500 1092 59 80,000 82,500 0794 1012 75 78,300 81,700 728 38 55,900 58,000 1033 57 72,000 75,000 1020 77 88,500 92,600 0889 1092 78 92,800 97,200 1012 57 67,500 70,800 1398 72 92,000 97,500 0990 656 48 39,900 42,400 1222 60 78,750 84,100 0289 840 86 78,750 84,200 1040 59 70,500 75,600 908 44 67,000 72,000 727 48 47,000 50,900 1293 1238 71 81,000 87,800 1100 63 85,000 92,200 1656 80 101,500 110,800 1204 68 75,000 83,500 1340 79 82,500 91,900 670 58 54,500 61,100 0389 1182 68 85,000 96,700 1920 80 99,000 115,400 602 47 41,000 50,500 03/89 982 52 44,000 54,300 546 48 45,000 55,800 0390 1160 67 62,000 84,400 7256 82 72,500 101,600 1352 54 63,250 98,000 AVG PRICE = 94,658.55 AVG EMV = 86,180.41 AVG RATiO = 92.58311475 AVG BUILT = 61.81 AVG AREA = 1085.84 COD BY MEAN = 2277.62195357 100.50 100.50 101.00 101.10 101.20 101.50 101.80 101.90 102.00 102.10 102.60 102.60 102.80 103.10 103.50 703.70 104.10 104.60 104.70 104.80 105.90 106.20 106.70 106.90 107.20 107.40 108.20 108.30 108.40 109.10 111.30 111.30 172.10 113.70 116.50 123.10 123.40 124.00 136.10 140.10 154.90 2/70/95 CITY OF FRIDLEY RESIDENTIAL SALES DATA FOR 1994 OVERALL-SALES 'j'awia4►ous srS � C B EXTRA SALE L M GARAGE B A T H MO STREET ADDRESS PIN NUMBER S BASE T AREATYPE 1 2 3 -- ----------------------- ----------- - - ---- - -------- ------- 3 5478 E BRENNER PASS 24-44- 271 TE OS 2 220 D 3 2 7 5435 W BRENNER PASS 24-44- 143 T2 T2 2 220 D 2 10 5443 E BRENNER PASS 24-44- 222 TE 05 2 220 D 2 3 6 1540 SOUTH 71MBER RDG 73-11- 43 T2 27 2 250 D 3 1 5442 MEISTER RD 24-44- 76 T2 05 2 440 A 3 2 7 5k23 E BRENNER PASS 24-44- 251 TE 05 2 220 D 2 4 1538 N TIMBER RDG 13-11- 23 T2 27 2 250 D 3 8 5419 W BRENNER PASS 24-44- 158 T2 05 2 220 D 2 3 9 5527 EAST BAVARIAN PASS 24-47- 100 TE 24 2 26G D 2 7 1542 W BAVARIAN CT 24-44- 87 T2 OS 2 462 A 2 3 1542 N TIMBER RIDGE 13-11- 24 i2 27 2 250 D 3 6 6495 RIVERVIEW TER 15-42- 91 TF Ob 2 308 D 3 1525 NO TIMBER RDG 13-11- 7 T2 27 2 250 D 3 5 5575 E BAVARIAN PASS 24-41- 120 TE 24 2 26G D 2 10 5506 E BAVARIAN PASS 24-44- 42 TF 24 2 528 D 2 10 5680 W BAVARIAN PASS 24-41- 155 TF 24 2 368 A 3 3 5581 E OBERLIN CIR 24-41- 5 TF 06 2 308 A 2 4 5543 E BAVARIAN PASS 24-41- 92 TE 24 2 264 D 2 3 5545 E BAVARIAN PASS 24-41- 90 TE 24 2 264 D 2 10 1534 N TIMBER RIDGE 13-11- 22 T2 27 2 250 D 3 11 5602 W BAVARIAN PASS 24-41- 194 TF 24 2 462 A 3 7 5476 EAST BRENNER PASS 24-44- 275 T2 05 2 220 D 2 7 5473 E BRENNER PASS 24-44- 190 T2 05 2 220 D 2 3 5571 E BAVARIAN PASS 24-41- 83 TE 24 2 264 D 2 6 1513 N INNSBRUCK DR 24-41- 198 TF 24 2 462 D 3 3 5531 EAST OBERLIN C1R 24-41- 69 T2 06 2 308 A 2 TOTAL PRICE = 1,930,038 TOTAL EMV = 1,758,500 TOTAL RATIO = 2377.4300 TOTAL BUILT = 2022 TOTAI AREA = 17931 NUMBER SALES = 26 Page 1 A F BAS I FLOOR Y SALE PREV P FIN R PCH DECK AREA B PRICE EMV SALE RATIO - ---- - ---- ---- ----- -- -•----- ------ ----- ------- 320 Y 504 81 69,900 56,400 0890 80.68 1 299 Y 112 504 80 80,000 65,200 1090 81.50 1 352 Y 504 $4 71,000 58,900 82.95 Y 89 791 75 72,500 60,700 0792 83.72 1 281 Y 200 1401 80 117,000 99,500 0885 85.04 Y 504 84 67,900 57,900 0691 85.27 1 265 Y 89 791 74 71,000 60,800 0891 85.63 1 346 Y 96 504 80 67,800 59,400 0792 87.61 1 503 Y 601 75 75,838 66,500 1291 87.68 1 257 Y 96 884 78 105,000 92,400 88.00 1 50 Y 99 850 74 69,000 61,200 88.69 464 Y 69 540 73 59,000 52,700 89.32 1 Y 99 850 74 66,000 59,200 89.69 1 503 Y 601 74 74,900 67,400 0193 89.98 1 388 Y 656 82 78,500 71,700 0493 91.33 1 452 Y 112 984 78 89,900 82,400 91.65 522 Y 620 73 65,750 60,400 42.62 1 503 Y 601 74 74,000 68,700 92.83 1 503 Y 601 74 73,000 69,400 0889 95.06 1 Y 151 791 74 63,000 60,500 96.03 1 560 Y 810 82 78,500 75,500 96.17 1 Y 504 81 65,900 65,000 48.63 1 Y 45 504 84 68,000 67,400 99.11 1 503 Y 601 74 69,650 69,400 0992 99.64 1 588 Y 810 86 74,000 77,900 105.20 275 Y 120 620 74 63,000 71,500 113.40 AVG PRICE = 74,232.23 AVG EMV = 67,634.62 AVG RATIO = 91.43961538 AVG BUIIT = 77.77 AVG AREA = 689.65 COD BY MEAN = 2535.00628830 AVERAGE HOME. CITY TAX STUDY School Dist. #14 - 6 Cities Watershed 14-33-0080 MARKET VALUE Year Market Percent Payable Value Change 1989 88,000 N/A 1990 71,600 5.29°,6 1991 72,800 1.68% 1992 73,100 0.47% 1993 75,200 2.87°6 1994 75,000 -0.27% 1995 76,800 2.40% TAXABLE VALUE TAX RATES C ity Total Tax Percent Tax Cap. Pa►ce�t Tax Cap Peroent Capacity Chanye Rato Change Rate Change 680 N/A 0.12492 N/A 0.99622 N/A 752 10.59% 0.14995 20.04% 0.91118 -8.5496 776 3.19% 0.15832 5.58% 1.01368 11.25% 742 -4.38% 0.15453 -2.39% 1.11211 9.71% 784 5.86% 0.15390 -0.41% 1.14599 3.05% 780 -0.51% 0.16005 4.00% 1.14558 -0.04% * 816 4.62% 0.16098 0.58% 1.17883 2.73% ' Tax Caaacitv - Formula Historv 1st Q 1989 68,000 1.00% 1990 88,000 1.00% 1991 68,000 1.00% 1992 72,000 1.00% � 1993 72,000 1.00% 1994 72,000 1.00% 1995 72,000 1.00% Bal. @ 2.50% 2.00;6 2.00% 2.00% 2.00% 2.00% 2.00% Tax Capacity Rate - Historv C� County Schod Other 0.12492 0.27425 0.55193 0.04512 0.14995 0.28846 0.43158 0.04117 0.7 5832 0.31400 0.49727 0.04409 0.15453 0.32990 0.58025 0.04743 0.15390 0.32779 0.61406 0.05024 0.16005 0.32680 0.60840 0.05033 0.16098 0.32765 0.63296 0.05524 Percent N/A 1.1 % 14.8% 4.9% 18.5% -0.6% 7.0% Percent To City 12.5% 16.5% 15.6% 13.9% 13.4% 14.0% 13.7% *tax does NOT include Solid Waste Management Fee Total Voter approved referenda factor 0.99622 0.91118 1.01368 1.11211 1.14599 0.0010523 1.14558 0.0010425 1.17683 0.0010402 Percent Change N/A 32.7% 9.0% - 6.7°� 5.2% 3.5% 5.2% � W W Z o�i I � W C7 � U_^ V_ rn o� Q a � o� 0 fW � w � � Q rn rn Q a rn � � W � � W � � � � ri ri 0 0 � , o � �� � � W � � � � � M U � � Z � v 8� �O I� � � � � � ; ti � CV C7 �\ � wV~ ... 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N � � m � � � � Q Z (n � V � C� (n C� � I TAX CAPACITY RATES for payable 1995 Rates by Unit of Govemment #11 #13 ' #14 #16 61.402 77.730 63.296 58.566 32.765 % from Sivanich 3-13-95 7.4% 12.4% VotEar EMV x Approved 4.0% 0.0010402 RefE�renda Le r 9.8% 0.3°to Total _.. 48.863 City 16 005: 16.098 0.5811% NSHD <;;.0..421: 0.639 51.8% Transit 3 783i 3.983 5.3% Total 5.524 Met Coun U 437> 0.528 20.8% ,, Mosquito ! ; 0 371;:: 0.374 0.8% RCWS ; Q.419' 0.476 13.6% I ` ` ':: 6 Cities > OA�>� 0.022 4.8% _... '� Voc 916 ;.;::;.i:;;i:,?�2$i: 0.372 —73.9% ' LRT >Q:OQO 0.001 0.0% C& I Fiscal Disparities Formula: Tax Capacity X 0.707532 X total tax capacity rate = Partial Tax Plus: Tax Capacity X 0.292468 X 134.810 (area wide) = Total Tax