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City of Ramsey
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<br />Assessment Statistics
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<br />Presented in the following table is breakout by value ranges for single-family
<br />residential property accounts in the city. The average sale price of the "arms-
<br />length" transactions used in the assessment is $219,835; above the $198,824
<br />average reported by the Minneapolis Board of Realtors for 2002. This slight
<br />difference is due, in part, to a difference in the time frame used and the use of
<br />only "qualified" sales.
<br />
<br />Breakdown of ReSidential PrOperty by VaJ~e' ~e
<br /> 2003 Assessment
<br />
<br />Market Value Range
<br />
<br /> Under $100,000
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<br />$100,001-149,999
<br />$150,000-199,999
<br />$200,000-249,999
<br />$250,000-299,999
<br />$300,000-399,999
<br />$ 400,000+
<br />
<br /># Accts New Const $ Total Market Average Sale
<br /> Value Price
<br />
<br /> . 92 $880,245 $5,706,100 Not Available
<br /> 503 $3,314,422 $71,351,000 $146,410
<br /> 3,822 $8,201,889 $652,851,900 $180,174
<br /> 1,006 $6,035,991 $219,461,700 $232,116
<br /> 361 $3,043,587 $96,200,300 $310,848
<br /> 266 $2,734,559 $90,102,200 $355,868
<br /> 110 $4,880,568 $57,538,900 $662,320
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<br />Totals $219,835
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