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Understanding Your Assessment and Tax Calculation <br />ANOKA <br />COUNTY <br />Assessment vs. the Current Market <br />We know that due to the time frames in which we work, it sometimes seems as though the assessor's <br />estimated market value does not represent the market. Your property's value seems lower than it <br />should be during times of inflation and higher than it should be in times of deflation. The following <br />chart illustrates the relationship between assessed values and actual sale prices and how the assessor's <br />market values have been following the changes in the open market. <br />$235, 000 <br />$230, 000 <br />a) <br />j $225,000 <br />a� <br />$220,000 - <br />a) $215,000 — <br />m <br />E <br />LL $210,000 <br />N <br />o $205,000 <br />N <br />$200,000 <br />0 $195,000 <br />d <br />$190,000 <br />m <br />CO <br />c <br />o $185,000 <br />$180,000 <br />$175, 000 <br />Median Assessed Value as it Relates to Median Sale Price <br />2004 <br />(assessment year based on closed sales from the prior Oct thru Sep, for tax payable the following year) <br />2005 <br />Median Sale Price <br />2006 <br />2007 2008 <br />Tax Payable Year <br />2009 <br />2010 <br />2011 <br />—0— Median Assessor's Estimated Market Value <br />As shown in the graph, there is a point in time where the relationship between the assessor's values <br />and the sales prices intersect. It is at that point in time that the market took a large downward turn. <br />The following year, in response to that market condition, the assessor's values were reduced to reflect <br />that trend. <br />Anoka County Property Records and Taxation Assessor's Office <br />www.anokacounty.us/prop-records-tax <br />763-323-5475 <br />Page 2 <br />