HomeMy WebLinkAbout2018 04-16 CCP Board of Appeal & EqualizationEach year, one fifth of the properties in the city are reviewed and the records are updated.
The viewing, review, and statistical analysis of all sales that sold from October 1, 2016 through September 30, 2017 in the City of Brooklyn Center were made.
Adjustments to all commercial and industrial properties are based on market and income valuation procedures.
Each year the estimated market values are analyzed along with sales data from the
market. A recalculation of land and building values were made to all property types.
The results of the adjustments for the following property types are:
Residential + 9.34%
Duplex + 12.56%
Condos + 9.47%
Townhouses + 11.98%
Apartments + 6%
Commercial + 3.65%
Industrial + 5.34%
There are 8,601 taxable parcels in the city with a total market value of approximately
$2,222,599,700. This value includes $27,091,000 in new construction improvements.
The overall gross value increase for all property types including improvements in the
City of Brooklyn Center is +7.72%.
Valuation Appeals
25 phone calls and 1 write in appeal for a value change recommendation
17 appointments/inspections completed