--- ## author: Davis, Allison date: D:20260520161507-05'00' --- ## City Council Workshop Meeting ## Ash Conference Rooms May 27, 2026 | 6:00 PM This City Council Workshop meeting is taking place virtually and at Woodbury City Hall in the Ash Conference Rooms. Members of the public may attend the meeting in person and may also join the meeting using a computer, tablet, or smartphone and accessing the virtual meeting link at woodburymn.gov/VirtualMeetings. Public comments will be accepted during the meeting both in person and virtually. Virtual questions should be submitted via the online Q&A feature within the virtual meeting link. Questions regarding the meeting will be taken between the hours of 8:00 a.m. to 4:30 p.m. at 651-714-3524 or at council@woodburymn.gov. Questions received after 4:30 p.m. will be responded to in the next three to seven business days. Please note that all agenda times are estimates. Unfinished workshop items will be carried over to the end of the Council meeting. 5:30 p.m.Dinner – Cherry Conference Room The intent of the workshop session is to provide a forum for City Council and City staff to discuss more in-depth Council items, exchanging viewpoints and visions prior to the item being set for Council action at a regular meeting of the City Council. Workshop sessions are neither a public hearing nor an open microphone session. No formal votes will be taken and any direction from Council will be in consensus format. The workshop session is not recorded. ## Workshop Agenda ## 1.Workshop Discussion Items 1A.Update of 2026 City and County Property Valuations by Washington County ## Assessor 26-107 2.Administrator Comments and Updates* ## 3.Mayor and City Council Comments and Commission Liaison Updates* 4.Adjournment Items under comments and updates are intended to be informational or of brief inquiry. More substantial discussion of matters under comments and updates should be scheduled for a future agenda. The City of Woodbury is subject to Title II of the Americans with Disabilities Act, which prohibits discrimination on the basis of disability by public entities. The City is committed to full implementation of the Act to our services, programs, and activities. Information regarding the provisions of the Americans with Disabilities Act is available from the Administration office at 651-714-3500. Auxiliary aids for disabled persons are available upon request at least 72 hours in advance of an event. Please call the ADA Coordinator at 651-714-3500 (TDD 731-5796) to make arrangements. ## Watch the Live Meeting ## 1A ## City of Woodbury, Minnesota ## Office of City Administrator ## Council Workshop Letter 26-107 ## Date of Council Meeting ## To:The Honorable Mayor and Members of the City Council ## From:Jeffrey J. Dahl, City Administrator Subject:Update of 2026 City and County Property Valuations by Washington County ## Assessor ## Summary Lisa Young, Washington County Assessor will be in attendance to present context regarding the Assessor’s office, the assessing and valuation process, and then provide an update on the most recent County and Woodbury valuations. ## Recommendation Not applicable. ## Governance Mode 1 Generative - Identifying key questions, anticipating future challenges, framing of issues, development of options. Problem-framing. What to pay attention to, what it means, and what to do about it. How does it fit with our mission, vision and values? ## Fiscal Implications Not applicable. ## Policy Not applicable. ## Public Process This presentation is meant to provide information leading up to the 2027 Budget Process which is now commencing with many future opportunities for public engagement between now and the end of the year. This process will commence with two workshop discussions over the next two months: h ## Capital Improvements Plan (CIP) Update on June 10 th and Budget Check-In on July 8th. 1 Items marked “fiduciary” are primarily business-oriented topics; “strategic” items are primarily related to long- term strategies or goals; and “generative” items are primarily meant to produce new thoughts or ideas. ## Council Workshop Letter 26-107 May 27, 2026 Page 2 ## Background The two most important variables on how much a property owner pays in property taxes are tax rate and property valuation. Most of the budget process is focused on what the City controls---which is its own tax levy. This presentation will focus on the other major factor---valuation. More specifically, the presentation will highlight the role of the County Assessor’s office, the very thorough annual valuation and assessing public process, and then summarize the 2026 Assessment Report for both the City of Woodbury and how it compares with the Count as a whole. Attached is a summary of trends for this year’s report. ## Written By:Jeffrey Dahl, City Administrator ## Attachment:1. Woodbury By the Numbers 2. Assessment Report - 2026 ## Woodbury By the Numbers ## Assessment Year: 2026 ## Median Values ## Single Family $521,800 +1.8% ## Multi Family $287,400 +0.6% 1,024 Sales Up 139 from ay25 ## Residential ## Parcel ## Count: 27,238 Up 216 from ay25 Up 1,968 from ay22 Value added for ## New Construction: $156,050,300 292 New ## Home ## Starts -37.9% (from prior year) 5-Year ## Average: 429 New ## Starts ## Assessment ## Report - 2026 - This report includes specific information regarding the 2026 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 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 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 (Data from page 30) .................................... 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 for Payable Years 2021-2025 .............................................................................................. 39 Assessment Process: Statutory Requirements ............................................................................................. 40 Appeals Process ................................................................................................................................................. 42 Property Tax Calendar ...................................................................................................................................... 44 2026 Local Board & Open Book Meeting Schedule ..................................................................................... 46 3 | Page ## INTRODUCTION The Washington County Assessor Division has prepared this 2026 Assessment Report for use by the County Board, City Councils, Town Boards, residents, and staff. This report includes specific information regarding the 2026 assessment, as well as general information about both the appeals and assessment processes. 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 2 nd assessment date. The estimated market values established through the 2026 assessment are based upon actual real estate market trends of Washington County properties from October 1, 2024, through September 30, 2025. 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 Current Year Adjustments/Parcel Count” 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 | Page ## SALES ANALYSIS SECTION ## Sales Analysis The assessment function is governed by Minnesota State statute. The law requires that all real property be valued at market value, which is defined as the usual or most likely selling price as of the assessment date of January 2nd of each year. Assessors are historians and measure the market based on sales which have occurred previous to the assessment date. Assessors do not create the value or predict what the market will do; rather, the assessor’s job is to follow the patterns set by the real estate market. Information on the sales of real estate is of paramount importance to the assessors in a market- based property tax system. Sales information is required to be submitted electronically using the program developed by the Minnesota Department of Revenue. This program is known as the Electronic Certificate of Real Estate Value (eCRV). The Department of Revenue requires all County Assessors to utilize a specified time period for sales analysis. This time period of 12 months is from October 1st through September 30th preceding the assessment date. Sales within this time period will be used to determine the changes in assessed value that may be needed in each community for the impending assessment. For example, the sales that occurred between October 1, 2024, and September 30, 2025, are used to establish the January 2, 2026, 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 2026 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 studies enable us to track market trends in neighborhoods, popular housing types and classes of property. 5 | Page ## 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. 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. 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 it by the weighted (aggregate) mean ratio. The acceptable range is .98 to 1.03. 6 | Page ## Arm’s-Length Transactions The Department of Revenue requires all County Assessors to utilize a specified time period in their sales analysis. This time period is 12 months from October 1 st t hrough September 30 th , preceding the January 2 nd assessment date. Sales within this time period will be used to determine the changes in the prior years assessed values i n each community for the impending assessment. The sales that occur within this October 1 st through September 30 th 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 10/1/20 - 9/30/21 10/1/21 - 9/30/22 10/1/22 - 9/30/23 10/1/23 - 9/30/24 10/1/24 - 9/30/25 ay2022 ay2023 ay2024 ay2025 ay2026 Apartment 10 6 5 7 12 Commercial 61 59 44 50 30 Residential 4,341 3,810 2,938 2,867 3,193 ## Single Family 2,996 2,621 1,981 1,989 2,187 ## Townhome/Condo 1,345 1,189 957 928 1,006 ## TOTAL 4, 412 3, 875 2, 987 2, 924 3, 235 7 | Page Residential/SRR (Seasonal Rec) sales c ount ay2022-ay2026 ## Sales Period 10/1/20- 9/30/21 10/1/21- 9/30/22 10/1/22- 9/30/23 10/1/23- 9/30/24 10/1/24- 9/30/25 Difference from ## Previous Year ay2022ay2023ay2024ay2025ay2026 ## Afton3424202524-1 ## Bayport5042333221-11 ## Baytown2033181917-2 ## Birchwood12164115-6 ## Cottage Grove58551345540747871 ## Dellwood181413189-9 ## Denmark101178113 ## Forest Lake290300212209195-14 ## Grant51372732342 ## Grey Cloud32242-2 ## Hastings000000 ## Hugo31631521922027454 ## Lake Elmo17213511413315421 ## Lake St. Croix1216613196 Lakeland 252317108-2 ## Lakeland Shores332121 ## Landfall000000 ## Mahtomedi1171006776837 ## Marine1495149-5 ## May3032152820-8 ## Newport485532243814 ## Oak Park Hgts55464139456 ## Oakdale404388333310305-5 ## Pine Springs45110-1 ## St. Mary's Point57132-1 ## St. Paul Park8477474541-4 ## Scandia693039283810 Stillwater 36330820023328148 ## Stillwater Twp2225141310-3 ## West Lakeland443920153823 ## White Bear Lake41320-2 ## Willernie1213596-3 ## Woodbury1,4651,1919668851,024139 ## COUNTY4,3413,8102,9382,8673,193326 8 | Page ## Residential Lender-Mediated Sales ## Foreclosures Properties in which the financial institution has repossessed the home from the owner due to non-payment of mortgage obligations. ## Short Sales Unique arrangements where the financial institution and in-default 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. 4,341 3,810 2,938 2,867 3,193 22 6 35 29 38 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 ay2022ay2023ay2024ay2025ay2026 ## Comparison of Arm's-Length & Lender-Mediated Sales ay22-ay26 (Data from pages 7 & 9) ## Arm's-Length SalesLender-Mediated Sales 9 | Page ## Residential Lender Mediated Sales C ount ay2022-ay2026 ## Sales Period 10/1/20- 9/30/21 10/1/21- 9/30/22 10/1/22- 9/30/23 10/1/23- 9/30/24 10/1/24- 9/30/25 ay2022ay2023a y2024ay2025ay2026 ## Afton00301 ## Bayport10001 ## Baytown00000 ## Birchwood00002 ## Cottage Grove21256 ## Dellwood00000 ## Denmark00100 ## Forest Lake12262 ## Grant20110 ## Grey Cloud00010 ## Hastings00000 ## Hugo21004 ## Lake Elmo00000 ## Lake St. Croix10001 Lakeland 00310 ## Lakeland Shores00000 ## Landfall00000 ## Mahtomedi00400 ## Marine00100 ## May00100 ## Newport00003 ## Oak Park Hgts00001 ## Oakdale60443 ## Pine Springs00000 ## St. Mary's Point00000 ## St. Paul Park20431 ## Scandia10001 Stillwater 02222 ## Stillwater Twp10011 ## West Lakeland00101 ## White Bear Lake00000 ## Willernie00000 ## Woodbury30658 ## COUNTY226352938 10 | Page ## 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 10/1/20- 9/30/21 10/1/21- 9/30/22 10/1/22- 9/30/23 10/1/23- 9/30/24 10/1/24- 9/30/25 ay2022ay2023ay2024ay2025ay2026 ## Number of Sales1 065712 ## Median94.5%94.7%97.6%99.3%95.4% ## Mean92.0%95.2%98.2%96.5%96.8% ## Sales Period 10/1/20- 9/30/21 10/1/21- 9/30/22 10/1/22- 9/30/23 10/1/23- 9/30/24 10/1/24- 9/30/25 ay2022ay2023ay2024ay2025ay2026 ## Number of Sales6159445030 ## Median99.5%93.9%94.4%97.1%95.6% ## Mean101.9%94.4%97.5%97.0%91.5% ## Sales Period 10/1/20- 9/30/21 10/1/21- 9/30/22 10/1/22- 9/30/23 10/1/23- 9/30/24 10/1/24- 9/30/25 ay2022ay2023ay2024ay2025ay2026 ## Number of Sales4,3413,8102,9382,8673,193 ## Median93.8%93.3%94.7%95.0%95.0% ## Mean94.2%94.4%95.1%95.3%95.0% 11 | Page ## Residential Sales Statistics The sales statistics (Number of Sales, Low Sale Price, and High Sale Price) are based on data collected from sales that occurred between October 1, 2024, and September 30, 2025. The remaining statistics are measured after annual value changes are applied to the going-in ratio (previous year assessed value/sale price) in each community for the 2026 assessment. The Department of Revenue uses median sales ratio to analyze the performance of the assessment. Median sales ratios are calculated when there are at least six sales and ratios are required to be between 90% to 105%. If there are 30 sales or less in a community, the median sales ratio is the only statistic deemed reliable. # of Sales ## Median ## Sales Ratio ## CODPRD ## Low Sale (no trend applied) ## High Sale (no trend applied) Afton2495.2%355,000$ 3,500,000$ Bayport2195.5%150,000$ 965,250$ Baytown1795.1%470,000$ 1,750,000$ Birchwood5325,000$ 450,000$ Cottage Grove47894.8%5.481.006185,000$ 985,000$ Dellwood995.8%670,000$ 2,335,000$ Denmark1194.7%460,000$ 2,400,000$ Forest Lake19595.2%8.141.015216,000$ 1,700,000$ Grant3495.5%11.531.047385,000$ 2,160,000$ Grey Cloud2310,000$ 670,000$ Hastings0-$ -$ Hugo27495.0%6.791.018170,000$ 2,150,000$ Lake Elmo15495.3%7.671.010255,000$ 1,799,000$ Lake St. Croix1995.1%165,000$ 1,125,000$ Lakeland 895.0%355,000$ 1,150,000$ Lakeland Shores2470,500$ 610,000$ Landfall0-$ -$ Mahtomedi8394.4%9.841.038259,900$ 1,470,000$ Marine995.6%320,000$ 1,199,000$ May2095.0%469,900$ 1,400,000$ Newport3894.8%7.971.011165,000$ 750,000$ Oak Park Hgts4595.2%7.421.004100,000$ 612,500$ Oakdale30595.0%6.611.009139,900$ 649,900$ Pine Springs0-$ -$ St. Mary's Point2515,000$ 1,350,000$ St. Paul Park4195.2%6.221.005235,000$ 441,000$ Scandia3895.1%9.231.022300,000$ 1,075,000$ Stillwater 28194.8%9.951.025150,000$ 1,535,000$ Stillwater Twp1094.7%328,000$ 2,400,000$ West Lakeland3895.4%8.521.017389,000$ 1,340,000$ White Bear Lake0-$ -$ Willernie694.9%230,000$ 515,000$ Woodbury1,02494.9%5.791.009147,500$ 1,700,000$ ## COUNTY3,19395.0%7.141.018100,000$ 3,500,000$ 12 | Page ## Historic Average Sale Prices: Single Family & Townhome/Condo ay2022ay2023ay2024ay2025ay2026 Afton722,300$ 724,500$ 809,500$ 1,025,900$ 1,091,200$ Bayport361,000$ 436,400$ 424,400$ 576,100$ 444,400$ Baytown754,000$ 894,000$ 1,031,300$ 1,026,900$ 999,600$ Birchwood494,800$ 438,800$ 476,300$ 528,300$ 381,900$ Cottage Grove344,300$ 371,500$ 388,300$ 397,800$ 408,700$ Dellwood1,100,000$ 1,226,900$ 849,700$ 1,018,400$ 1,096,100$ Denmark697,300$ 751,800$ 727,800$ 624,300$ 962,100$ Forest Lake375,900$ 383,600$ 431,200$ 398,200$ 441,100$ Grant672,700$ 754,200$ 773,500$ 881,400$ 843,400$ Grey Cloud564,700$ 272,500$ 527,500$ 399,900$ 490,000$ Hastings-$ -$ -$ -$ -$ Hugo449,900$ 392,000$ 403,800$ 411,200$ 414,500$ Lake Elmo619,000$ 657,300$ 659,600$ 697,600$ 694,800$ Lake St. Croix354,800$ 411,700$ 419,700$ 354,000$ 441,700$ Lakeland 571,200$ 538,700$ 416,800$ 772,700$ 494,100$ Lakeland Shores1,004,700$ 502,300$ 530,500$ 353,500$ 540,300$ Landfall-$ -$ -$ -$ -$ Mahtomedi527,900$ 471,400$ 496,800$ 610,200$ 551,100$ Marine572,400$ 386,100$ 553,400$ 577,100$ 650,100$ May691,800$ 754,800$ 800,300$ 765,700$ 815,900$ Newport304,500$ 357,800$ 354,400$ 348,900$ 420,000$ Oak Park Hgts284,700$ 337,300$ 343,300$ 332,400$ 361,600$ Oakdale288,000$ 320,500$ 329,200$ 333,600$ 344,400$ Pine Springs663,700$ 648,000$ 619,900$ 645,500$ -$ St. Mary's Point544,000$ 429,300$ 380,000$ 626,700 $ 932, 500$ St. Paul Park267,000$ 286,400$ 296,500$ 288,600$ 318,500$ Scandia499,100$ 578,800$ 648,100$ 574,500$ 568,900$ Stillwater 413,300$ 462,700$ 446,100$ 476,900$ 496,400$ Stillwater Twp802,900$ 696,800$ 811,300$ 827,900$ 925,700$ West Lakeland695,200$ 841,900$ 776,600$ 927,900$ 773,700$ White Bear Lake390,600$ 345,000$ 342,100$ 368,800$ -$ Willernie277,800$ 326,500$ 249,200$ 365,800$ 339,200$ Woodbury411,600$ 441,000$ 458,800$ 469,000$ 474,600$ ## COUNTY AVERAGE410,300$ 437,500$ 447,900$ 471,100$ 478,500$ 13 | Page ## PAST & CURRENT YEAR ADJUSTMENTS/PARCEL COUNT SECTION ## Agricultural Class Summary: Current Year Adjustments Afton3,000,200$ 170170,450,300$ 175,681,500$ 1.3% Bayport-$ 0-$ -$ 0.0% Baytown-$ 4229,865,000$ 29,462,500$ -1.3% Birchwood-$ 0-$ -$ 0.0% Cottage Grove125,300$ 135135,633,100$ 135,615,800$ -0.1% Dellwood-$ 65,187,100$ 5,980,800$ 15.3% Denmark210,500$ 335233,327,300$ 236,564,600$ 1.3% Forest Lake219,200$ 14874,454,300$ 76,078,500$ 1.9% Grant-$ 132115,064,400$ 110,732,700$ -3.8% Grey Cloud-$ 105,273,000$ 5,457,100$ 3.5% Hastings-$ 128,500$ 28,500$ 0.0% Hugo167,400$ 253147,046,300$ 148,982,100$ 1.2% Lake Elmo373,400$ 10599,198,600$ 97,952,500$ -1.6% Lake St. Croix-$ 0-$ -$ 0.0% Lakeland -$ 42,276,200$ 2,281,100$ 0.2% Lakeland Shores-$ 0-$ -$ 0.0% Landfall-$ 0-$ -$ 0.0% Mahtomedi-$ 2314,200$ 327,400$ 4.2% Marine-$ 95,907,900$ 6,243,500$ 5.7% May1,155,300$ 285191,486,200$ 193,979,400$ 0.7% Newport-$ 28,009,100$ 7,441,500$ -7.1% Oak Park Hgts-$ 0-$ -$ 0.0% Oakdale-$ 43,917,100$ 3,935,800$ 0.5% Pine Springs-$ 0-$ -$ 0.0% St. Mary's Point-$ 0-$ -$ 0.0% St. Paul Park-$ 574,970,600$ 4,122,400$ -17.1% Scandia666,100$ 284144,001,800$ 146,711,500$ 1.4% Stillwater -$ 44,229,600$ 3,663,800$ -13.4% Stillwater Twp136,900$ 10678,796,800$ 81,987,000$ 3.9% West Lakeland-$ 4336,753,100$ 37,635,300$ 2.4% White Bear Lake-$ 0-$ -$ 0.0% Willernie-$ 0-$ -$ 0.0% Woodbury479,500$ 76140,601,400$ 122,312,500$ -13.3% ## COUNTY6,533,800$ 2,2131, 636,791,900$ 1,633,177,800$ -0.6% ay2026 ## New Construction Number of ## Parcels ay2026 ## Agricultural Value ay2025 ## Agricultural Value ay2026 % Growth (le ss NC) 14 | Page ## Agricultural Class: Past & Current Year Adjustments ay2022ay2023ay2024ay2025ay20265-Year Change ## Afton21.6%28.3%-6.7%9.8%1.3%54.3% ## Bayport0.0%0.0%0.0%0.0%0.0%0.0% ## Baytown15.3%19.3%3.4%1.4%-1.3%38.1% ## Birchwood0.0%0.0%0.0%0.0%0.0%0.0% ## Cottage Grove18.6%5.0%-1.0%2.3%-0.1%24.9% ## Dellwood39.6%42.7%-1.1%-2.0%15.3%94.5% ## Denmark26.9%12.9%1.7%18.1%1.3%61.0% ## Forest Lake26.6%4.1%-1.0%-0.3%1.9%31.3% ## Grant29.1%10.9%-2.1%1.4%-3.8%35.6% ## Grey Cloud25.9%1.7%1.8%0.8%3.5%33.7% ## Hastings19.7%0.0%0.0%0.0%0.0%19.7% ## Hugo22.6%13.4%-4.7%-1.0%1.2%31.5% ## Lake Elmo28.1%9.4%-1.4%-3.1%-1.6%31.4% ## Lake St. Croix0.0%0.0%0.0%0.0%0.0%0.0% Lakeland 15.2%7.8%4.6%16.6%0.2%44.4% ## Lakeland Shores0.0%0.0%0.0%0.0%0.0%0.0% ## Landfall0.0%0.0%0.0%0.0%0.0%0.0% ## Mahtomedi25.0%16.1%-41.7%19.9%4.2%23.5% ## Marine36.5%3.4%2.9%1.7%5.7%50.2% ## May29.0%14.3%-0.2%-5.0%0.7%38.8% ## Newport20.9%22.0%-0.2%-0.1%-7.1%35.6% ## Oak Park Hgts0.0%0.0%0.0%0.0%0.0%0.0% ## Oakdale15.3%8.8%-21.5%-43.4%0.5%-40.3% ## Pine Springs0.0%0.0%0.0%0.0%0.0%0.0% ## St. Mary's Point0.0%0.0%0.0%0.0%0.0%0.0% ## St. Paul Park26.4%19.6%-0.2%4.4%-17.1%33.1% ## Scandia30.0%5.5%1.2%2.4%1.4%40.5% Stillwater 16.4%7.4%0.0%0.3%-13.4%10.7% ## Stillwater Twp23.1%19.3%2.5%-5.4%3.9%43.4% ## West Lakeland18.9%5.5%0.5%14.5%2.4%41.8% ## White Bear Lake0.0%0.0%0.0%0.0%0.0%0.0% ## Willernie0.0%0.0%0.0%0.0%0.0%0.0% ## Woodbury13.6%-4.1%-16.4%1.5%-13.3%-18.8% ## COUNTY23.7%10.6%-2.8%2.8%-0.6%33.7% 15 | Page ## Agricultural Class: Parcel Counts ay2022ay2023ay2024ay2025ay2026 ## # Parcels# Parcels# Parcels# Parcels# Parcels ## Afton1731691711671703 ## Bayport000000 ## Baytown4644434342-1 ## Birchwood000000 ## Cottage Grove160158149150135-15 ## Dellwood555561 ## Denmark333333331339335-4 ## Forest Lake153152149150148-2 ## Grant144142141141132-9 ## Grey Cloud10101010100 ## Hastings110000 ## Hugo264264262259253-6 ## Lake Elmo118118118108105-3 ## Lake St. Croix000000 Lakeland 444440 ## Lakeland Shores000000 ## Landfall000000 ## Mahtomedi222220 ## Marine999990 ## May312311302293285-8 ## Newport33332-1 ## Oak Park Hgts000000 ## Oakdale444440 ## Pine Springs000000 ## St. Mary's Point000000 ## St. Paul Park5863585857-1 ## Scandia323313311300284-16 Stillwater 444440 ## Stillwater Twp1091101101061060 ## West Lakeland46454443430 ## White Bear Lake000000 ## Willernie000000 ## Woodbury9790908776-11 ## COUNTY2,3782,3542,3202,2852,212-73 +/- 16 | Page ## Apartment Class Summary: Current Year Adjustments Afton-$ 22,270,000$ 2,270,000$ 0.0% Bayport-$ 2327,113,300$ 27,915,400$ 3.0% Baytown-$ 1769,700$ 769,700$ 0.0% Birchwood-$ 0-$ 0.0% Cottage Grove3,429,600$ 54260,916,200$ 261,705,700$ -1.0% Dellwood-$ 0-$ 0.0% Denmark-$ 11,314,700$ 1,293,700$ -1.6% Forest Lake4,340,700$ 76292,518,300$ 286,963,200$ -3.4% Grant-$ 11,530,000$ 1,530,600$ 0.0% Grey Cloud-$ 0-$ 0.0% Hastings-$ 0-$ 0.0% Hugo12,386,800$ 1457,747,600$ 70,376,700$ 0.4% Lake Elmo9,303,000$ 19130,993,500$ 142,980,100$ 2.0% Lake St. Croix-$ 1627,900$ 660,500$ 5.2% Lakeland -$ 2973,200$ 978,300$ 0.5% Lakeland Shores-$ 0-$ 0.0% Landfall-$ 0-$ 0.0% Mahtomedi3,786,300$ 2098,698,200$ 100,449,400$ -2.1% Marine-$ 2493,100$ 526,400$ 6.8% May-$ 0-$ 0.0% Newport4,487,100$ 4989,529,200$ 91,533,800$ -2.8% Oak Park Hgts-$ 33175,952,100$ 186,009,100$ 5.7% Oakdale30,267,700$ 60534,391,000$ 549,646,400$ -2.8% Pine Springs-$ 0-$ 0.0% St. Mary's Point-$ 0-$ 0.0% St. Paul Park-$ 329,324,000$ 9,899,400$ 6.2% Scandia-$ 2-$ 0.0% Stillwater 3,722,000$ 83210,543,400$ 206,826,300$ -3.5% Stillwater Twp-$ 0-$ 0.0% West Lakeland-$ 1976,400$ 965,900$ -1.1% White Bear Lake-$ 114,446,100$ 14,711,800$ 1.8% Willernie-$ 11,096,000$ 1,180,400$ 7.7% Woodbury41,293,700$ 811,224,077,400$ 1,236,365,900$ -2.4% ## COUNTY113,016,900$ 5593,136,301,300$ 3,195,558,700$ -1.7% ay2026 ## New Construction Number of ## Parcels ay2026 ## Apartment Value ay2025 ## Apartment Value ay2026 % Growth (le ss NC) 17 | Page ## Apartment Class: Past & Current Year Adjustments ay2022ay2023a y2024ay2025ay20265-Year Change ## Afton1.8%17.3%2.9%-0.2%0.0%21.8% ## Bayport17.0%7.5%1.5%-0.1%3.0%29.0% ## Baytown8.8%3.3%0.0%0.0%0.0%12.1% ## Birchwood0.0%0.0%0.0%0.0%0.0%0.0% ## Cottage Grove31.6%3.5%0.9%-0.9%-1.0%34.1% ## Dellwood0.0%0.0%0.0%0.0%0.0%0.0% ## Denmark10.1%16.4%-3.3%2.6%-1.6%24.2% ## Forest Lake18.3%14.1%-0.3%-6.1%-3.4%22.6% ## Grant4.6%23.7%5.9%0.9%0.0%35.1% ## Grey Cloud0.0%0.0%0.0%0.0%0.0%0.0% ## Hastings0.0%0.0%0.0%0.0%0.0%0.0% ## Hugo17.6%6.9%0.0%1.7%0.4%26.6% ## Lake Elmo9.7%6.4%1.0%3.8%2.0%23.0% ## Lake St. Croix27.5%12.0%1.6%0.0%5.2%46.3% Lakeland 15.1%4.6%5.2%-0.4%0.5%25.0% ## Lakeland Shores0.0%0.0%0.0%0.0%0.0%0.0% ## Landfall0.0%0.0%0.0%0.0%0.0%0.0% ## Mahtomedi12.9%9.4%-0.9%-2.0%-2.1%17.3% ## Marine15.2%2.3%0.0%0.0%6.8%24.3% ## May0.0%0.0%0.0%0.0%0.0%0.0% ## Newport15.3%18.8%10.9%-2.2%-2.8%40.0% ## Oak Park Hgts16.0%3.2%-0.5%-0.3%5.7%24.1% ## Oakdale28.6%14.7%-0.3%-4.4%-2.8%35.7% ## Pine Springs0.0%0.0%0.0%0.0%0.0%0.0% ## St. Mary's Point0.0%0.0%0.0%0.0%0.0%0.0% ## St. Paul Park22.7%0.1%0.0%0.1%6.2%29.1% ## Scandia16.7%0.0%0.0%0.0%0.0%16.7% Stillwater 27.0%8.3%-0.3%-1.0%-3.5%30.5% ## Stillwater Twp0.0%0.0%0.0%0.0%0.0%0.0% ## West Lakeland13.4%16.4%5.2%-0.8%-1.1%33.1% ## White Bear Lake10.6%-8.9%0.0%1.0%1.8%4.5% ## Willernie11.6%-3.4%0.0%0.0%7.7%16.0% ## Woodbury16.1%2.6%0.0%0.9%-2.4%17.2% ## COUNTY19.4%6.6%0.3%-1.0%-1.7%23.6% 18 | Page ## Apartment Class: Parcel Counts ay2022ay2023ay2024ay2025ay2026 ## # Parcels# Parcels# Parcels# Parcels# Parcels ## Afton222220 ## Bayport22222222231 ## Baytown111110 ## Birchwood000000 ## Cottage Grove44454647547 ## Dellwood000000 ## Denmark111110 ## Forest Lake73747576760 ## Grant211110 ## Grey Cloud000000 ## Hastings000000 ## Hugo11111112142 ## Lake Elmo10101217192 ## Lake St. Croix111110 Lakeland 222220 ## Lakeland Shores000000 ## Landfall000000 ## Mahtomedi17191920200 ## Marine222220 ## May000000 ## Newport42424444495 ## Oak Park Hgts33333333330 ## Oakdale5657656160-1 ## Pine Springs000000 ## St. Mary's Point000000 ## St. Paul Park31313132320 ## Scandia322220 Stillwater 80818183830 ## Stillwater Twp000000 ## West Lakeland111110 ## White Bear Lake111110 ## Willernie111110 ## Woodbury81797681810 ## COUNTY51751953054355916 +/- 19 | Page ## Commercial/Industrial Class Summary: Current Year Adjustments ## Afton1,247,800$ 3851,499,800$ 50,459,900$ -4.4% Bayport-$ 10152,938,500$ 53,108,700$ 0.3% Baytown-$ 123,737,300$ 4,052,300$ 8.4% Birchwood-$ 0-$ -$ 0.0% Cottage Grove9,731,500$ 564670,228,200$ 674,958,600$ -0.7% Dellwood-$ 2620,021,900$ 20,025,400$ 0.0% Denmark464,500$ 6441,427,900$ 42,727,500$ 2.0% Forest Lake3,019,700$ 538375,751,600$ 374,436,100$ -1.2% Grant-$ 9226,206,100$ 27,246,100$ 4.0% Grey Cloud-$ 223,842,700$ 3,671,100$ -4.5% Hastings-$ 52,019,500$ 2,019,500$ 0.0% Hugo331,900$ 200214,601,700$ 215,408,800$ 0.2% Lake Elmo11,358,400$ 204262,062,300$ 263,722,900$ -3.7% Lake St. Croix-$ 93,066,700$ 3,042,400$ -0.8% Lakeland -$ 3918,770,100$ 18,571,000$ -1.1% Lakeland Shores607,400$ 113,433,100$ 4,306,300$ 7.7% Landfall-$ 711,702,000$ 12,093,400$ 3.3% Mahtomedi-$ 6980,060,200$ 77,971,600$ -2.6% Marine158,200$ 174,036,800$ 4,151,700$ -1.1% May-$ 83,507,600$ 3,507,600$ 0.0% Newport90,800$ 189105,531,800$ 103,911,600$ -1.6% Oak Park Hgts375,400$ 215286,584,600$ 290,558,900$ 1.3% Oakdale3,778,400$ 382665,397,800$ 669,429,300$ 0.0% Pine Springs-$ 0-$ -$ 0.0% St. Mary's Point-$ 0-$ -$ 0.0% St. Paul Park-$ 20266,346,400$ 72,484,800$ 9.3% Scandia422,700$ 7621,910,500$ 22,776,200$ 2.0% Stillwater 19,324,600$ 399469,500,800$ 484,609,600$ -0.9% Stillwater Twp-$ 61,434,900$ 1,761,600$ 22.8% West Lakeland-$ 3219,963,400$ 20,491,600$ 2.6% White Bear Lake-$ 88,109,300$ 9,352,400$ 15.3% Willernie-$ 338,019,900$ 8,146,700$ 1.6% Woodbury62,541,100$ 7311,981,929,900$ 2,028,604,500$ -0.8% ## COUNTY113,452,400$ 4,2995, 483,643,300$ 5,567,608,100$ -0.5% ay2026 ## New Construction Number of ## Parcels ay2026 ## Comm/Ind Value ay2025 ## Comm/Ind Value ay2026 % Growth (le ss NC) 20 | Page ## Commercial/Industrial Class: Past & Current Year Adjustments ay2022ay2023ay2024ay2025ay20265-Year Change ## Afton14.4%15.9%4.6%0.2%-4.4%30.6% ## Bayport-0.7%19.7%0.7%1.0%0.3%20.9% ## Baytown6.0%31.1%14.7%0.0%8.4%60.2% ## Birchwood0.0%0.0%0.0%0.0%0.0%0.0% ## Cottage Grove5.1%27.1%1.4%-1.2%-0.7%31.7% ## Dellwood18.3%15.6%0.9%0.0%0.0%34.8% ## Denmark5.0%22.3%-0.5%2.6%2.0%31.4% ## Forest Lake1.0%21.4%0.5%-2.2%-1.2%19.6% ## Grant-3.2%16.4%0.1%1.5%4.0%18.7% ## Grey Cloud9.7%8.8%-2.0%0.0%-4.5%12.0% ## Hastings0.0%9.9%0.0%0.0%0.0%9.9% ## Hugo5.4%21.6%-0.2%-2.3%0.2%24.6% ## Lake Elmo3.7%20.0%2.5%0.6%-3.7%23.2% ## Lake St. Croix2.7%21.9%5.8%1.4%-0.8%31.1% Lakeland 0.1%14.6%0.9%-2.1%-1.1%12.4% ## Lakeland Shores-0.2%12.5%1.3%7.3%7.7%28.6% ## Landfall0.0%22.8%0.0%-0.8%3.3%25.4% ## Mahtomedi5.9%22.4%1.0%-1.8%-2.6%24.9% ## Marine-0.5%13.5%0.3%0.0%-1.1%12.2% ## May10.6%4.2%4.3%-7.4%0.0%11.8% ## Newport4.1%23.2%1.5%1.8%-1.6%29.1% ## Oak Park Hgts1.7%16.1%-1.1%0.0%1.3%17.9% ## Oakdale3.0%17.7%0.2%-1.0%0.0%19.9% ## Pine Springs0.0%0.0%0.0%0.0%0.0%0.0% ## St. Mary's Point0.0%0.0%0.0%0.0%0.0%0.0% ## St. Paul Park22.0%41.6%-0.6%10.4%9.3%82.6% ## Scandia6.9%16.6%0.1%0.2%2.0%25.9% Stillwater 1.2%18.5%0.1%4.3%-0.9%23.2% ## Stillwater Twp7.0%1.3%1.6%-9.8%22.8%22.8% ## West Lakeland6.8%23.8%3.8%4.8%2.6%41.8% ## White Bear Lake-0.1%21.2%2.6%11.3%15.3%50.3% ## Willernie2.3%24.7%0.5%0.5%1.6%29.5% ## Woodbury1.8%18.2%0.0%-1.2%-0.8%18.0% ## COUNTY2.9%19.8%0.4%-0.4%-0.5%22.2% 21 | Page ## Commercial/Industrial Class: Parcel Counts ay2022ay2023a y2024ay2025ay2026 ## # Parcels# Parcels# Parcels# Parcels# Parcels ## Afton39383938380 ## Bayport1071071011011010 ## Baytown10121212120 ## Birchwood000000 ## Cottage Grove5675685695645640 ## Dellwood28262626260 ## Denmark6565656564-1 ## Forest Lake546544540539538-1 ## Grant9393939392-1 ## Grey Cloud22222222220 ## Hastings555550 ## Hugo1952052021982002 ## Lake Elmo201204209210204-6 ## Lake St. Croix999990 Lakeland 38383839390 ## Lakeland Shores9999112 ## Landfall777770 ## Mahtomedi77686869690 ## Marine16161616171 ## May888880 ## Newport197197201200189-11 ## Oak Park Hgts2202152152152150 ## Oakdale393398394386382-4 ## Pine Springs000000 ## St. Mary's Point000000 ## St. Paul Park2002012022022020 ## Scandia75727271765 Stillwater 394391390400399-1 ## Stillwater Twp666660 ## West Lakeland3333343432-2 ## White Bear Lake999880 ## Willernie33333333330 ## Woodbury57457757165873173 ## COUNTY4,1764,1764,1654,2434,29956 +/- 22 | Page ## Residential/SRR Class Summary: Current Year Adjustments ## Afton9,201,000$ 1,255 825,528,800$ 874,522,600$ 4.8% Bayport2,015,900$ 1,054438,098,400$ 439,931,100$ 0.0% Baytown16,040,800$ 895675,084,700$ 668,364,800$ -3.4% Birchwood518,400$ 412220,074,100$ 231,734,800$ 5.1% Cottage Grove106,385,300$ 15,0845,617,726,500$ 5,864,625,000$ 2.5% Dellwood3,553,200$ 496461,489,800$ 503,499,200$ 8.3% Denmark4,571,000$ 747445,863,000$ 481,092,600$ 6.9% Forest Lake25,243,600$ 7,5982,872,869,000$ 2,932,101,800$ 1.2% Grant13,733,800$ 1,7761,168,294,500$ 1,211,881,800$ 2.6% Grey Cloud256,900$ 15158,156,300$ 57,870,400$ -0.9% Hastings4791,100$ 820,300$ 3.7% Hugo68,591,700$ 6,9742,790,336,700$ 2,882,395,900$ 0.8% Lake Elmo96,200,700$ 5,2872,983,741,600$ 3,171,897,400$ 3.1% Lake St. Croix669,000$ 705178,697,300$ 183,380,900$ 2.2% Lakeland 391,900$ 782334,368,800$ 355,868,600$ 6.3% Lakeland Shores502,300$ 14279,767,100$ 82,639,300$ 3.0% Landfall1215,600$ 185,300$ -14.1% Mahtomedi5,857,000$ 3,0351,471,951,800$ 1,519,382,700$ 2.8% Marine1,214,600$ 509207,898,100$ 211,432,200$ 1.1% May5,137,400$ 1,436846,348,300$ 861,693,300$ 1.2% Newport1,461,100$ 1,530476,273,900$ 486,605,600$ 1.9% Oak Park Hgts676,900$ 1,564460,615,500$ 457,734,800$ -0.8% Oakdale28,596,100$ 10,0673,161,007,400$ 3,262,245,500$ 2.3% Pine Springs175,700$ 16484,002,600$ 85,615,200$ 1.7% St. Mary's Point875,600$ 295114,696,200$ 116,712,600$ 1.0% St. Paul Park995,800$ 2,064536,945,400$ 551,283,600$ 2.5% Scandia7,603,900$ 2,218939,989,200$ 962,980,100$ 1.6% Stillwater 8,135,300$ 7,5363,164,777,600$ 3,283,037,700$ 3.5% Stillwater Twp8,358,200$ 816523,234,700$ 587,091,700$ 10.6% West Lakeland10,995,400$ 1,4461,055,184,900$ 1,075,132,300$ 0.8% White Bear Lake9934,231,500$ 34,640,900$ 1.2% Willernie115,400$ 31265,117,600$ 70,348,100$ 7.9% Woodbury156,050,300$ 27,23812,065,079,500$ 12,351,917,000$ 1.1% ## COUNTY584,124,200$ 103,69244,358,457,500$ 45,860,665,100$ 2.1% ay2026 % Growth (le ss NC) ay2026 ## New Construction Number of ## Parcels ay2026 ## Res/SRR Value ay2025 ## Res/SRR Value 23 | Page ## Residential/SRR Class: Past & Current Year Adjustments ay2022ay2023ay2024ay2025ay20265-Year Change ## Afton19.1%14.0%-12.8%6.1%4.8%31.2% ## Bayport15.6%11.1%-3.8%6.8%0.0%29.8% ## Baytown18.1%18.4%0.2%-0.2%-3.4%33.1% ## Birchwood26.0%-0.8%2.4%-1.9%5.1%30.8% ## Cottage Grove22.2%9.9%-3.5%4.1%2.5%35.3% ## Dellwood22.5%8.5%-3.3%-6.8%8.3%29.3% ## Denmark25.4%5.4%-0.2%-4.2%6.9%33.3% ## Forest Lake27.1%4.7%2.2%0.3%1.2%35.5% ## Grant21.6%8.1%-3.7%3.8%2.6%32.3% ## Grey Cloud27.2%0.8%2.3%4.3%-0.9%33.6% ## Hastings19.8%3.7%-0.2%0.7%3.7%27.7% ## Hugo21.0%7.0%-4.0%3.4%0.8%28.2% ## Lake Elmo22.1%3.6%1.3%0.7%3.1%30.8% ## Lake St. Croix17.3%10.1%-7.3%8.8%2.2%31.2% Lakeland 17.1%5.2%-5.4%5.8%6.3%29.0% ## Lakeland Shores17.3%4.8%2.0%-1.7%3.0%25.3% ## Landfall3.7%23.8%0.0%1.1%-14.1%14.6% ## Mahtomedi25.2%1.5%1.2%1.2%2.8%32.0% ## Marine32.8%-2.6%5.6%5.6%1.1%42.5% ## May23.8%7.8%-8.3%7.8%1.2%32.3% ## Newport20.9%9.0%-7.1%8.4%1.9%33.1% ## Oak Park Hgts20.0%5.3%1.0%6.3%-0.8%31.8% ## Oakdale18.1%8.6%-1.6%1.3%2.3%28.6% ## Pine Springs25.5%4.4%3.2%-1.5%1.7%33.3% ## St. Mary's Point20.2%10.8%-1.8%-5.5%1.0%24.7% ## St. Paul Park20.0%4.2%-0.2%4.2%2.5%30.6% ## Scandia24.6%4.6%-1.7%3.8%1.6%33.0% Stillwater 18.7%9.3%-1.6%0.5%3.5%30.4% ## Stillwater Twp20.6%1.0%0.5%-0.4%10.6%32.2% ## West Lakeland19.5%13.8%-6.6%9.2%0.8%36.7% ## White Bear Lake24.8%0.3%1.6%-0.3%1.2%27.7% ## Willernie17.6%-4.5%0.4%9.2%7.9%30.6% ## Woodbury18.6%9.3%-3.2%1.6%1.1%27.3% ## COUNTY20.7%7.9%-2.4%2.3%2.1%30.5% 24 | Page ## Residential/SRR Class: Parcel Counts ay2022ay2023ay2024ay2025ay2026 ## # Parcels# Parcels# Parcels# Parcels# Parcels ## Afton1,2661,2551,2561,2551,2550 ## Bayport1,0261,0231,0191,0191,05435 ## Baytown8568728748948951 ## Birchwood413415414414412-2 ## Cottage Grove13,87514,17714,43914,70615,084378 ## Dellwood509506506505496-9 ## Denmark7427447477437474 ## Forest Lake7,3867,3817,4037,5607,59838 ## Grant1,7531,7551,7521,7511,77625 ## Grey Cloud1511511511511510 ## Hastings344440 ## Hugo6,4256,4686,6186,8886,97486 ## Lake Elmo4,8724,9024,9475,1515,287136 ## Lake St. Croix714714714707705-2 Lakeland 788787786784782-2 ## Lakeland Shores144144144144142-2 ## Landfall111110 ## Mahtomedi3,0103,0113,0153,0343,0351 ## Marine510511510511509-2 ## May1,4291,4271,4291,4261,43610 ## Newport1,4241,4211,4141,4131,530117 ## Oak Park Hgts1,5581,5571,5531,5651,564-1 ## Oakdale9,6339,6909,7499,93110,067136 ## Pine Springs1641641641641640 ## St. Mary's Point307301299296295-1 ## St. Paul Park1,9911,9821,9832,0012,06463 ## Scandia2,2052,1982,2062,2082,21810 Stillwater 7,5027,5047,5037,5487,536-12 ## Stillwater Twp8128118128158161 ## West Lakeland1,4381,4421,4461,4461,4460 ## White Bear Lake99999999990 ## Willernie3113113113123120 ## Woodbury25,27026,13626,35727,02227,238216 ## COUNTY98,58799,864100,625102,468103,6921,224 +/- 25 | Page ## Total Taxable Class Summary: Current Year Adjustments Afton13,449,000$ 1,4651,049,748,900$ 1,102,934,000$ 3.8% Bayport2,015,900$ 1,178518,150,200$ 520,955,200$ 0.2% Baytown16,040,800$ 950709,456,700$ 702,649,300$ -3.2% Birchwood518,400$ 412220,074,100$ 231,734,800$ 5.1% Cottage Grove119,671,700$ 15,8376,684,504,000$ 6,936,905,100$ 2.0% Dellwood3,553,200$ 528486,698,800$ 529,505,400$ 8.1% Denmark5,246,000$ 1,147721,932,900$ 761,678,400$ 4.8% Forest Lake32,823,200$ 8,3603,615,593,200$ 3,669,579,600$ 0.6% Grant13,733,800$ 2,0011,311,095,000$ 1,351,391,200$ 2.0% Grey Cloud256,900$ 18367,272,000$ 66,998,600$ -0.8% Hastings-$ 92,839,100$ 2,868,300$ 1.0% Hugo81,477,800$ 7,4413,209,732,300$ 3,317,163,500$ 0.8% Lake Elmo117,235,500$ 5,6153,475,996,000$ 3,676,552,900$ 2.4% Lake St. Croix669,000$ 715182,391,900$ 187,083,800$ 2.2% Lakeland 391,900$ 827356,388,300$ 377,699,000$ 5.9% Lakeland Shores1,109,700$ 15383,200,200$ 86,945,600$ 3.2% Landfall-$ 811,917,600$ 12,278,700$ 3.0% Mahtomedi9,643,300$ 3,1261,651,024,400$ 1,698,131,100$ 2.3% Marine1,372,800$ 537218,335,900$ 222,353,800$ 1.2% May6,292,700$ 1,7291,041,342,100$ 1,059,180,300$ 1.1% Newport6,039,000$ 1,770679,344,000$ 689,492,500$ 0.6% Oak Park Hgts1,052,300$ 1,812923,152,200$ 934,302,800$ 1.1% Oakdale62,642,200$ 10,5134,364,713,300$ 4,485,257,000$ 1.3% Pine Springs175,700$ 16484,002,600$ 85,615,200$ 1.7% St. Mary's Point875,600$ 295114,796,200$ 116,712,600$ 0.9% St. Paul Park995,800$ 2,355617,586,400$ 637,790,200$ 3.1% Scandia8,692,700$ 2,5801,105,901,500$ 1,132,467,800$ 1.6% Stillwater 31,181,900$ 8,0223,849,051,400$ 3,978,137,400$ 2.5% Stillwater Twp8,495,100$ 928603,466,400$ 670,840,300$ 9.8% West Lakeland10,995,400$ 1,5221,112,877,800$ 1,134,225,100$ 0.9% White Bear Lake-$ 10856,786,900$ 58,705,100$ 3.4% Willernie115,400$ 34674,233,500$ 79,675,200$ 7.2% Woodbury260,364,600$ 28,12615,411,688,200$ 15,739,199,900$ 0.4% ## COUNTY817,127,300$ 110,76254, 616,186,700$ 56,257,009,700$ 1.5% ay2026 ## New Construction Number of ## Parcels ay2026 ## Total Value ay2025 ## Total Value ay2026 % Growth (le ss NC) 26 | Page ## Total Taxable Class: Past & Current Year Adjustments ay2022ay2023ay2024ay2025ay20265-Year Change ## Afton19.3%16.1%-11.1%6.3%3.8%34.4% ## Bayport13.9%11.8%-3.0%5.8%0.2%28.6% ## Baytown17.9%18.5%0.4%-0.2%-3.2%33.4% ## Birchwood26.0%-0.8%2.4%-1.9%5.1%30.8% ## Cottage Grove20.9%10.9%-2.8%3.3%2.0%34.3% ## Dellwood22.5%9.0%-3.1%-6.5%8.1%30.0% ## Denmark24.5%8.4%0.3%2.5%4.8%40.5% ## Forest Lake23.4%7.0%1.7%-0.5%0.6%32.2% ## Grant21.7%8.5%-3.5%3.5%2.0%32.2% ## Grey Cloud26.0%1.3%2.0%3.7%-0.8%32.2% ## Hastings5.2%8.0%-0.1%0.2%1.0%14.4% ## Hugo19.8%8.3%-3.7%2.8%0.8%27.9% ## Lake Elmo20.8%4.9%1.3%0.7%2.4%30.0% ## Lake St. Croix17.1%10.5%-7.0%8.6%2.2%31.4% Lakeland 16.2%5.7%-5.0%5.4%5.9%28.2% ## Lakeland Shores16.6%5.1%2.0%-1.4%3.2%25.4% ## Landfall0.1%22.8%0.0%-0.7%3.0%25.2% ## Mahtomedi23.7%2.8%1.0%0.9%2.3%30.6% ## Marine32.0%-2.1%5.4%5.3%1.2%41.9% ## May24.7%9.0%-6.7%5.2%1.1%33.4% ## Newport17.3%12.3%-3.5%5.8%0.6%32.5% ## Oak Park Hgts13.3%8.1%0.0%3.0%1.1%25.4% ## Oakdale16.3%10.4%-1.3%0.2%1.3%27.0% ## Pine Springs25.5%4.4%3.2%-1.5%1.7%33.3% ## St. Mary's Point20.2%10.8%-1.8%-5.5%0.9%24.6% ## St. Paul Park20.3%7.8%-0.3%4.8%3.1%35.8% ## Scandia24.9%4.9%-1.3%3.5%1.6%33.7% Stillwater 16.7%10.3%-1.3%0.9%2.5%29.2% ## Stillwater Twp20.8%3.1%0.8%-1.1%9.8%33.4% ## West Lakeland19.3%13.7%-6.2%9.2%0.9%36.9% ## White Bear Lake17.1%0.2%1.4%1.7%3.4%23.7% ## Willernie15.9%-1.8%0.4%8.0%7.2%29.8% ## Woodbury16.0%9.7%-2.7%1.2%0.4%24.6% ## COUNTY18.9%9.0%-2.0%1.8%1.5%29.3% 27 | Page ## Total Taxable Class: Parcel Counts 28 | Page ## Residential/SRR Class: Current Year Value Changes This table displays a breakdown of the number of value changes by percent change for the residential and seasonal recreational properties in each community for the 2026 assessment. The percent change groupings are listed across the top row of the table. For the 2026 assessment, 62.35% are receiving a valuation notice indicating an increase in their property value. Over 15% ## Decrease 10.1% - 15% ## Decrease 5.1% - 10% ## Decrease .1% to 5% ## Decrease ## No Change .1% to 5% ## Increase 5.1% - 10% ## Increase 10.1% - 15% ## Increase Over 15% ## Increase ## Total ## Total Decrease ## & No Change ## Total Increase Afton 2 4 56 61 100 701 192 76 63 1,255 223 1,032 Bayport 3 10 88 555 180 157 11 7 43 1,054 836 218 Baytown 5 28 257 434 51 67 8 14 31 895 775 120 Birchwood - 2 - 3 44 99 216 31 17 412 49 363 Cottage Grove 19 5 327 2,976 1,475 7,818 1,552 149 763 15,084 4,802 10,282 Dellwood 1 1 1 2 32 107 71 235 46 496 37 459 Denmark 1 - 1 - 90 235 314 76 30 747 92 655 Forest Lake 26 5 136 1,464 631 4,628 377 136 195 7,598 2,262 5,336 Grant 3 5 141 609 195 297 388 66 72 1,776 953 823 Grey Cloud 1 - - 101 37 6 2 1 3 151 139 12 Hastings - - - - 3 1 - - - 4 3 1 Hugo 5 19 376 2,435 798 2,634 337 39 331 6,974 3,633 3,341 Lake Elmo 3 6 33 1,045 481 2,398 712 188 421 5,287 1,568 3,719 Lake St. Croix 5 6 5 13 176 433 29 7 31 705 205 500 Lakeland 3 1 3 11 87 43 384 220 30 782 105 677 Lakeland Shores - - - 5 26 40 65 1 5 142 31 111 Landfall - - - - - - 1 - - 1 - 1 Mahtomedi 117 12 85 353 87 1,531 571 186 93 3,035 654 2,381 Marine 10 7 65 56 181 75 70 15 30 509 319 190 May 5 2 12 311 751 245 66 18 26 1,436 1,081 355 Newport 3 10 119 763 218 266 16 13 122 1,530 1,113 417 Oak Park Hgts 2 29 79 526 434 390 98 3 3 1,564 1,070 494 Oakdale 4 13 192 1,734 1,286 6,007 528 62 241 10,067 3,229 6,838 Pine Springs - - - 5 18 138 2 1 - 164 23 141 St. Mary's Point 44 - 5 19 73 122 20 3 9 295 141 154 St. Paul Park 10 - 5 420 644 800 80 24 81 2,064 1,079 985 Scandia 6 2 62 624 465 746 171 66 76 2,218 1,159 1,059 Stillwater 8 2 143 574 728 4,063 1,626 294 98 7,536 1,455 6,081 Stillwater Twp - 2 2 10 86 36 228 291 161 816 100 716 West Lakeland 1 6 24 454 121 700 93 17 30 1,446 606 840 White Bear Lake - - - 4 6 88 1 - - 99 10 89 Willernie 4 1 1 - 78 23 134 54 17 312 84 228 Woodbury 30 3 289 6,465 4,420 14,130 1,026 106 769 27,238 11,207 16,031 ## COUNTY 321 181 2,507 22,032 14,002 49,024 9,389 2,399 3,837 103,692 39,043 64,649 0.31% 0.17% 2.42% 21.25% 13.50% 47.28% 9.05% 2.31% 3.70% 100.00% 37.65% 62.35% 29 | Page ## MARKET VALUE SECTION ## Distribution of Market Value by Classification With new construction included the pattern of change in the county’s total value and classification value distribution can be seen in the following list of past assessment year data. ## Estimated Market Value (EMV) *includes new construction ay2022 ay2023 ay2024 ay2025 ay2026 Total EMV $47,713,887,100 $53,051,928,400 $52,840,493,700 $54,615,294,000 $56,257,009,700 Agriculture EMV $1,578,317,900 $1,650,874,300 $1,608,999,100 $1,636,791,900 $1,633, 177,800 % of Total 3.3% 3.1% 3.0% 3.0% 2.9% Apartment EMV $2,492,341,700 $2,840,263,100 $3,012,759,500 $3,136,301,300 $3,195,558,700 % of Total 5.2% 5.4% 5.7% 5.7% 5.7% ## Commercial/Industrial ## EMV $4,395,244,900 $5,374,873,700 $5,450,273,100 $5,529,171,000 $5,567, 608,100 % of Total 9.2% 10.1% 10.3% 10.1% 9.9% Residential/SRR EMV $39,247,982,600 $43,185,917,300 $42,786,652,200 $44,358,457,500 $45,860,665,1 00 % of Total 82.3% 81.4% 81.0% 81.2% 81.5% 2.9% 5.7% 9.9% 81.5% ## 2026 EMV Distribution by Classification ## AgricultureApartmentCommercial/IndustrialResidential 30 | Page ## Median Values ## Historical Median Residential Improved Value: Residential/SRR (Combined Single Family and Townhome/Condo with improvement value ≥ $25,000) ## Median%Median%Median%Median%Median% ay2022Changeay2023Changeay2024Changeay2025Changeay2026Change Afton597,000$ 22.1%697,800$ 16.9%617,600$ -11.5%661,000$ 7.0%676,400$ 2.3% Bayport336,400$ 16.7%375,100$ 11.5%377,400$ 0.6%389,700$ 3.3%386,100$ -0.9% Baytown691,900$ 17.4%837,200$ 21.0%841,000$ 0.5%832,600$ -1.0%822,100$ -1.3% Birchwood435,400$ 22.7%416,700$ -4.3%437,400$ 5.0%439,700$ 0.5%470,700$ 7.1% Cottage Grove328,600$ 21.4%365,200$ 11.1%354,500$ -2.9%368,400$ 3.9%375,900$ 2.0% Dellwood804,900$ 17.0%895,600$ 11.3%854,200$ -4.6%772,800$ -9.5%865,900$ 12.0% Denmark612,100$ 31.0%655,500$ 7.1%669,000$ 2.1%643,600$ -3.8%695,800$ 8.1% Forest Lake361,000$ 28.3%371,500$ 2.9%383,600$ 3.3%387,000$ 0.9%394,800$ 2.0% Grant618,400$ 22.8%676,700$ 9.4%654,000$ -3.4%684,700$ 4.7%693,800$ 1.3% Grey Cloud480,500$ 29.4%478,600$ -0.4%488,700$ 2.1%519,600$ 6.3%512,700$ -1.3% ## Hastings Hugo379,300$ 22.4%408,700$ 7.8%389,400$ -4.7%408,700$ 5.0%417,100$ 2.1% Lake Elmo553,800$ 20.7%585,700$ 5.8%581,700$ -0.7%585,800$ 0.7%599,500$ 2.3% Lake St. Croix293,700$ 17.5%325,700$ 10.9%300,000$ -7.9%332,600$ 10.9%341,100$ 2.6% Lakeland 349,000$ 17.5%370,500$ 6.2%337,200$ -9.0%358,600$ 6.3%392,400$ 9.4% Lakeland Shores418,300$ 16.7%444,400$ 6.2%451,400$ 1.6%437,300$ -3.1%460,800$ 5.4% ## Landfall Mahtomedi435,800$ 24.1%444,100$ 1.9%450,900$ 1.5%455,900$ 1.1%470,800$ 3.3% Marine499,600$ 31.5%477,300$ -4.5%529,000$ 10.8%556,100$ 5.1%556,000$ 0.0% May567,200$ 25.5%621,700$ 9.6%578,600$ -6.9%644,400$ 11.4%651,500$ 1.1% ## Newport285, 700$ 24.4%325,500$ 13.9%305,100$ -6.3%327,500$ 7.3%321,800$ -1.7% Oak Park Hgts294,600$ 17.4%322,400$ 9.4%321,900$ -0.2%350,000$ 8.7%343,100$ -2.0% Oakdale315,000$ 19.2%343,300$ 9.0%337,800$ -1.6%342,700$ 1.5%352,000$ 2.7% Pine Springs538,900$ 25.6%563,400$ 4.5%582,400$ 3.4%580,400$ -0.3%592,000$ 2.0% St. Mary's Point402,900$ 20.3%446,500$ 10.8%446,000$ -0.1%403,800$ -9.5%416,100$ 3.0% St. Paul Park266,600$ 20.3%277,600$ 4.1%279,500$ 0.7%291,500$ 4.3%295,200$ 1.3% Scandia476,800$ 27.0%495,600$ 3.9%497,600$ 0.4%522,800$ 5.1%524,500$ 0.3% Stillwater 373,800$ 19.3%409,500$ 9.6%409,400$ 0.0%408,000$ -0.3%424,000$ 3.9% Stillwater Twp612,400$ 22.6%630,500$ 3.0%644,800$ 2.3%643,500$ -0.2%703,700$ 9.4% West Lakeland606,500$ 20.5%695,900$ 14.7%648,300$ -6.8%710,100$ 9.5%715,600$ 0.8% White Bear Lake345,500$ 25.0%345,800$ 0.1%354,600$ 2.5%354,600$ 0.0%356,100$ 0.4% Willernie266,200$ 17.6%254,500$ -4.4%255,100$ 0.2%282,800$ 10.9%301,000$ 6.4% Woodbury419,000$ 19.3%456,600$ 9.0%441,100$ -3.4%451,500$ 2.4%454,400$ 0.6% COUNTY MEDIAN384,200$ 21.3%415,600$ 8.2%407,900$ -1.9%417,400$ 2.3%426,100$ 2.1% 31 | Page ## Historical Median Residential Improved Value: Townhomes/Condos (With improvement value ≥ $25,000) ## Median%Median%Median%Median%Median% ay2022Changeay2023Changeay2024Changeay2025Changeay2026Change Bayport418,700$ 14.8%457,600$ 9.3%443,300$ -3.1%447,500$ 0.9%451,800$ 1.0% Cottage Grove236,300$ 18.7%259,300$ 9.7%248,000$ -4.4%268,300$ 8.2%269,300$ 0.4% Forest Lake246,300$ 25.2%261,900$ 6.3%270,700$ 3.4%273,000$ 0.8%271,000$ -0.7% Hugo254,800$ 20.2%280,400$ 10.0%268,400$ -4.3%274,400$ 2.2%270,700$ -1.3% Lake Elmo341,800$ 10.4%375,600$ 9.9%368,100$ -2.0%361,000$ -1.9%376,000$ 4.2% Mahtomedi340,600$ 21.0%334,500$ -1.8%339,700$ 1.6%333,500$ -1.8%337,100$ 1.1% Marine291,200$ 32.4%277,300$ -4.8%290,900$ 4.9%363,700$ 25.0%363,700$ 0.0% Newport212,300$ 21.7%207,100$ -2.4%229,200$ 10.7%234,200$ 2.2%232,200$ -0.9% Oak Park Hgts270,200$ 33.6%245,500$ -9.1%263,000$ 7.1%284,300$ 8.1%284,300$ 0.0% Oakdale220,000$ 13.1%245,500$ 11.6%242,000$ -1.4%245,700$ 1.5%242,000$ -1.5% St. Paul Park241,100$ 20.7%250,400$ 3.9%239,300$ -4.4%271,100$ 13.3%278,700$ 2.8% Stillwater299,400$ 13.9%334,500$ 11.7%327,000$ -2.2%327,700$ 0.2%331,500$ 1.2% Woodbury261,900$ 13.0%290,200$ 10.8%280,600$ -3.3%285,800$ 1.9%287,400$ 0.6% COUNTY MEDIAN251,500$ 16.0%277,200$ 10.2%271,800$ -1.9%276,200$ 1.6%275,800$ -0.1% 32 | Page ## Historical Median Residential Improved Value: Single Family (With improvement value ≥ $25,000) Median % Median % Median % Median % Median % ay2022Change ay2023Change ay2024Change ay2025Change ay2026Change Afton597,000$ 22.1%697,800$ 16.9%617,600$ 3.5%661,000$ 7.0%676,500$ 2.3% Bayport332,300$ 17.3%368,500$ 10.9%375,400$ 13.0%381,300$ 1.6%377,400$ -1.0% Baytown691,900$ 17.4%837,200$ 21.0%841,000$ 21.5%832,600$ -1.0%822,100$ -1.3% Birchwood435,400$ 22.7%416,700$ -4.3%437,400$ 0.5%439,700$ 0.5%470,700$ 7.1% Cottage Grove339,100$ 21.5%379,200$ 11.8%369,500$ 9.0%381,500$ 3.2%389,700$ 2.1% Dellwood804,900$ 17.0%895,600$ 11.3%854,200$ 6.1%772,800$ -9.5%865,900$ 12.0% Denmark612,100$ 31.0%655,500$ 7.1%669,000$ 9.3%643,600$ -3.8%695,800$ 8.1% Forest Lake389,800$ 28.7%399,800$ 2.6%413,300$ 6.0%415,700$ 0.6%422,800$ 1.7% Grant618,400$ 22.8%676,700$ 9.4%654,000$ 5.8%684,700$ 4.7%693,800$ 1.3% Grey Cloud480,500$ 29.4%478,600$ -0.4%488,700$ 1.7%519,600$ 6.3%512,700$ -1.3% ## Hastings Hugo450,200$ 21.0%484,900$ 7.7%467,400$ 3.8%478,400$ 2.4%485,100$ 1.4% Lake Elmo563,500$ 21.3%598,300$ 6.2%600,100$ 6.5%603,500$ 0.6%619,000$ 2.6% Lake St. Croix293,700$ 17.5%325,700$ 10.9%297,000$ 1.1%327,900$ 10.4%336,500$ 2.6% Lakeland 349,000$ 17.5%370,500$ 6.2%337,400$ -3.3%359,300$ 6.5%393,300$ 9.5% Lakeland Shores418,300$ 16.7%444,400$ 6.2%451,400$ 7.9%437,300$ -3.1%462,300$ 5.7% ## Landfall Mahtomedi451,300$ 24.8%458,500$ 1.6%467,800$ 3.7%474,900$ 1.5%487,200$ 2.6% Marine513,900$ 35.3%495,200$ -3.6%539,900$ 5.1%570,400$ 5.6%564,700$ -1.0% May567,200$ 25.5%621,700$ 9.6%578,600$ 2.0%644,400$ 11.4%651,500$ 1.1% ## Newport289, 400$ 26.0%330,100$ 14.1%309,500$ 6.9%331,500$ 7.1%326,100$ -1.6% Oak Park Hgts314,500$ 16.2%348,500$ 10.8%346,300$ 10.1%373,900$ 8.0%364,200$ -2.6% Oakdale340,900$ 19.8%367,900$ 7.9%363,400$ 6.6%367,300$ 1.1%377,800$ 2.9% Pine Springs538,900$ 25.6%563,400$ 4.5%582,400$ 8.1%580,400$ -0.3%592,000$ 2.0% St. Mary's Point402,900$ 20.3%446,500$ 10.8%446,000$ 10.7%403,800$ -9.5%416,100$ 3.0% St. Paul Park268,900$ 21.3%279,900$ 4.1%282,400$ 5.0%293,600$ 4.0%296,500$ 1.0% Scandia476,800$ 27.0%495,600$ 3.9%498,100$ 4.5%522,900$ 5.0%525,300$ 0.5% Stillwater 387,600$ 20.4%422,800$ 9.1%422,600$ 9.0%423,300$ 0.2%439,600$ 3.9% Stillwater Twp612,400$ 22.6%630,500$ 3.0%644,800$ 5.3%643,500$ -0.2%704,300$ 9.4% West Lakeland606,500$ 20.5%695,900$ 14.7%648,300$ 6.9%710,100$ 9.5%715,600$ 0.8% White Bear Lake345,500$ 25.0%345,800$ 0.1%354,600$ 2.6%354,600$ 0.0%356,100$ 0.4% Willernie266,200$ 17.6%254,500$ -4.4%251,500$ -5.5%278,000$ 10.5%301,000$ 8.3% Woodbury476,100$ 20.4%520,000$ 9.2%503,700$ 5.8%512,700$ 1.8%521,800$ 1.8% COUNTY MEDIAN425,900$ 22.4%460,600$ 8.1%452,200$ 6.2%463,200$ 2.4%472,200$ 1.9% 33 | Page Single Family and Townhome/Condo breakdown (Data from pages 31 & 32) (With improvement value ≥ $25,000) ## Historical County Median Residential Improved Value (Data from page 30) (Includes both Single Family and Townhome/Condo with improvement value ≥ $25,000) ay2022 ay2023 ay2024 ay2025 ay2026 $425,900 $460,600 $452,200 $463,200 $472,200 $251,500 $277,200 $271,800 $276,200 $275,800 ## Median Residential Value by Dwelling Type ## Townhome/CondoSingle Family 360,000370,000380,000390,000400,000410,000420,000430,000 ay2022 ay2023 ay2024 ay2025 ay2026 $384,200 $415,600 $407,900 $417,400 $426,100 ## Median Residential Improved Value 34 | Page ## OTHER ASSESSMENT RELATED INFORMATION ## New Construction ## Current New Construction Starts: All Classifications ## SFRTH/CondoComm/IndApartmentExemptTotal ## Calendar Year202520252025202520252025 New Starts New Starts New Starts New Starts New Starts New Starts ## Afton9020011 ## Bayport200013 ## Baytown16000016 ## Birchwood100001 ## Cottage Grove25235100288 ## Dellwood200002 ## Denmark300003 ## Forest Lake592400083 ## Grant12000113 ## Grey Cloud000000 ## Hastings000000 ## Hugo1330210136 ## Lake Elmo1630221168 ## Lake St. Croix100001 Lakeland 000000 ## Lakeland Shores001001 ## Landfall000000 ## Mahtomedi700108 ## Marine300003 ## May500005 ## Newport300104 ## Oak Park Hgts000011 ## Oakdale59421167 ## Pine Springs000000 ## St. Mary's Point100001 ## St. Paul Park100001 ## Scandia10000010 Stillwater 502119 ## Stillwater Twp600006 ## West Lakeland600006 ## White Bear Lake000000 ## Willernie000000 ## Woodbury21478633304 ## COUNTY973141181091,151 35 | Page ## Past & Current New Construction Starts: Single Family and Townhome/Condo 20212022202320242025 ## New StartsNew StartsNew StartsNew StartsNew Starts ## Afton1911739 ## Bayport814312 ## Baytown912181616 ## Birchwood10211 ## Cottage Grove536406307335287 ## Dellwood23012 ## Denmark156373 ## Forest Lake4134199483 ## Grant19147712 ## Grey Cloud00000 ## Hastings00000 ## Hugo197110119170133 ## Lake Elmo32616220296163 ## Lake St. Croix01011 Lakeland 10200 ## Lakeland Shores01100 ## Landfall00000 ## Mahtomedi661447 ## Marine56223 ## May384155 ## Newport7010603 ## Oak Park Hgts51020 ## Oakdale2469489463 ## Pine Springs00000 ## St. Mary's Point20001 ## St. Paul Park11641 ## Scandia202110910 Stillwater 39261175 ## Stillwater Twp61436 ## West Lakeland186246 ## White Bear Lake00000 ## Willernie23000 ## Woodbury533352482470292 ## COUNTY1,9081,2841,2791,3461,114 ## Calendar Year 36 | Page ## Historical New Construction Summary: All Classifications ## New ## Construction ## Reviews 2021 2022 2023 2024 2025 ay2022 ay2023 ay2024 ay2025 ay2026 Single Family 1,592 1,066 975 1,122 973 Townhome / ## Condo 316 218 304 224 141 Apartment 4 9 7 4 10 Commercial / ## Industrial 18 23 16 15 18 Misc. Permits 3,527 3,601 2,916 3,607 3,429 ## TOTAL 5,457 4,917 4,218 4,972 4,571 ## Taxable Value ## Added $987,855,900 $1,121,556,700 $897,986,300 $889,609,200 $817,127,300 ## Historical Comparison of New Construction: ay22–ay26 01,0002,0003,0004,0005,0006,000 ay2022 ay2023 ay2024 ay2025 ay2026 5,457 4,917 4,218 4,972 4,571 ## New Construction Reviews ## (New Starts & Misc. Permit) 37 | Page ## Appraiser Activity: Permit & Quintile Review Counts Current state law mandates that all property must be re-a ssessed each year and reviewed once every five years (aka quintile). Staff also inspect properties that have taken out a construction permit during the course of the year. During 2025 (for the 2026 assessment), the Assessor Division appraisers and locally hired assessors reviewed 31,297 properties. Below is the breakdown of the properties that were reviewed over the last five years. 20212022202320242025 ay2022ay2023ay2024ay2025ay2026 ## Residential Quintile23,00822,60521,69621,13025,609 ## Apt/CI Reviews4991,2401,3209271,098 ## New Construction Reviews5,4574,9174,2184,9724,580 ## Misc Reviews 1,49421,474010 ## TOTAL 30,45828,76428,70827,02931,297 38 | Page ## Appraiser Activity: Tax Petition R elated 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 in 2025 decrease slightly in the number of petitions filed by 10 petitions. There was an increase in the number of residential petition filings. The total value under petitions filed for pay2025 increased roughly 3.2% when compared to the previous year. ## Number of Petitions Filed Payable Year 2021 2022 2023 2024 2025 Residential 5 6 4 5 10 Commercial/Industrial 179 149 114 175 166 Apartment 17 15 37 50 44 ## TOTAL 201 170 155 230 220 ## Value Under Petitions Filed Payable Year 2021 2022 2023 2024 2025 Residential $4,333,700 $7,242,400 $3,474,200 $44,469,400 $58,361,900 Commercial/Industrial $1,336,984,000 $1,228,442,100 $925,542,600 $1,405,576,500 $1,502,309,100 Apartment $345,661,300 $278,996,400 $1,021,577,000 $1,292,952,800 $1,269,746,700 ## TOTAL $1,686,979,000 $1,514,680,900 $1,950,593,800 $2,742,998,700 $2,830,417,700 39 | Page ## Tax Petitions for Payable Years 2021-2025 0 20 40 60 80 100 120 140 160 180 Pay 2021Pay 2022Pay 2023Pay 2024Pay 2025 5 6 4 5 10 179 149 114 175 166 17 15 37 50 44 Number of Petitions Filed (by classification) ## ResidentialCommercial/IndustrialApartment Pay 2021 Pay 2022 Pay 2023 Pay 2024 Pay 2025 $1,686,979,000 $1,514,680,900 $1,950,593,800 $2,742,998,700 $2,830,417,700 ## Value Under Petitions Filed (all classifications) 40 | Page ## Assessment Process: Statutory Requirements Minnesota law establishes specific requirements for the entire property tax system, including the assessment of property (M.S. Chapter 273). These requirements have not changed during the past year. The laws require the following: 1. All real property is to be valued at market value, which is defined as the usual or most likely selling price at the time of assessment. Special qualified exclusions such as the Veterans’ Exclusion are subtracted from the market value to arrive at the taxable value. 2. Property is classified according to state law, and the tax capacity is calculated. 3. The tax capacity is multiplied by the tax rate (the total of county, school, city, and miscellaneous levies) to determine the amount of property tax. The annual property assessment focuses on the very first step of this process - establishing an estimated market value for each parcel of property. Market values are assessed locally by either a county employed appraiser or a locally hired assessor. The work of both county and local assessors is monitored by the County Assessor, whose work is in turn monitored by the Minnesota Department of Revenue. The monitoring agency is authorized by law to adjust the property assessment to help ensure county-wide and state-wide equalization of property assessments. The County Assessor has established the standard that all Washington County communities, with at least six (6) sales in their sales study, have 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 nd assessment date. 41 | Page How is market value determined? Review Property: Approximately every fifth year, an appraiser working under the supervision of the County Assessor will review the property. Any property that had a building permit issued in a given year is reviewed and the new value is calculated as of January 2 nd 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 market value. The market value estimated by the appraiser should be very close to the amount the property would sell for, if placed on the open market. Why may market value change from year to year? Property values change continuously depending on the economic conditions affecting the local market. In addition to market changes, physical changes made to a property can also affect its market value. All factors are considered in estimating the value of property. 42 | Page ## 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 email during regular business hours. 43 | Page Appeals Process: What are the options? Appeal to your Local Board of Appeal & Equalization (LBAE) or attend one of three 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 1, 2026, 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 30 th of the year when the taxes are due. •The Tax Court can be contacted at 651-539-3260 for more information on procedures, forms, and filing fees. ## Regular Division •Can be used for any property type •Must be used for property assessed > $300,000 •Can be appealed to the Supreme Court ## Small Claims Division •All homestead property 1 unit/parcel/petition •Homestead classifications •Assessed < $300,000 •All decisions are final First Contact the County Assessor’s Office or your Local Assessor 651-430-6175. •Discuss your concerns with the assessor or an appraiser. •Compare values of neighboring or similar properties. •Review local comparable sales information. •If you and your assessor or the County staff do not agree, continue below: Appeal directly to Tax Court (One - ## Step Appeal) 44 | Page ## Property Tax Calendar 45 | Page 46 | Page ## 2026 Local Board & Open Book Meeting Schedule ## City/Township Format Meeting Date Time Location ## Mahtomedi ## Local Board Wednesday, April 1, 2026 5:00 PM Mahtomedi City Hall | 600 Stillwater Rd Hugo Thursday, April 2, 2026 5:30 PM Hugo City Hall | 14669 Fitzgerald Ave N Baytown Monday, April 6, 2026 4:00 PM Baytown Community Center | 4020 McDonald Dr N Marine on St Croix Tuesday, April 7, 2026 9:00 AM Marine on St Croix City Hall | 121 Judd St Denmark Tuesday, April 7, 2026 4:30 PM Denmark Town Hall | 14008 90th St S Birchwood Tuesday, April 7, 2026 6:00 PM Birchwood Village City Hall | 207 Birchwood Ave Scandia Monday, April 13, 2026 5:00 PM Scandia Community Center | 14727 209th St N Forest Lake Monday, April 13, 2026 5:00 PM Forest Lake City Hall | 1408 Lake St S Dellwood Tuesday, April 14, 2026 4:00 PM Dellwood City Hall | 111 Wildwood Rd Lake Elmo Tuesday, April 14, 2026 4:30 PM Lake Elmo City Hall | 3880 Laverne Ave N May Wednesday, April 15, 2026 9:00 AM May Town Hall | 13939 Norell Ave N Willernie Monday, April 20, 2026 5:30 PM Willernie City Hall | 111 Wildwood Rd ## Afton ## Open Book May attend any one of three Regional Open Book meetings NOTE: The Oakdale City Hall & Woodbury City Hall meeting locations have been replaced by one meeting at the new Central Service Center, in Woodbury ## Bayport ## Cottage Grove ## Grant ## Grey Cloud Island Township ## Hastings ## Regional Open Book-Cottage Grove Cottage Grove Service Center ## Lake St Croix Beach ## Thursday April 2, 2026 5-7 PM 13000 Ravine Parkway ## Lakeland Room 150 ## Lakeland Shores ## Landfall ## Regional Open Book-Woodbury Central Service Center ## Newport ## Thursday April 16, 2026 5-7 PM 1261 Woodlane Dr ## Oak Park Heights ## Room F201 ## Oakdale ## Pine Springs ## Regional Open Book-Stillwater Washington Cty Govt Center ## St Mary's Point Wednesday April 22, 2026 2-7 PM 14949 62nd St N ## St Paul Park 5th Floor - Rm 5599 ## Stillwater City ## Stillwater Township ## West Lakeland ## White Bear Lake ## Woodbury ## Govt Center ## County Board Tuesday, June 16, 2026 5:00 PM **By Appointment Govt Center Tuesday, June 23, 2026 11:00 AM (times subject to change) **Appointment deadline for County Board Friday May 1, 2026