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City of Ramsey <br /> <br />The 2003 single family residential assessment resulted in a median ratio of <br /> <br />I <br />I <br /> <br />94.4% with a coefficient of 6.0% indicating a fair and uniform assessment. A <br />more detailed breakdown of the entire assessment is presented below. <br /> <br /> 2003 ASSESSMENT - SALES RATIOS <br /> 2003 <br />Type C/Sales Median Coef <br /> <br />Residential Single Family w/ <br />New Construction <br />Residential Single Family w/o <br />New Construction <br />Multiples (Duplex, etc.) <br />Patio Townhome <br />Quad Homes <br />Apartments <br />Condominiums <br />Commercial/Industrial <br /> <br />308 94.4% 6.0 <br /> <br />272 94.4% 6.3 <br />0 0.0% 0.0 <br />105 98.9% 4.8 <br />0 0.0% 0.0 <br />0 0.0% 0.0 <br />0 0.0% 0.0 <br />2 99.6% 9.9 <br /> <br />Residential Ratio by Zones <br /> <br />The residential assessment is divided into 9 single-family detached residential <br />types of land zones. The following table identifies each of those zones; the <br />number of qualified sales in each zone and the resulting assessment statistics. <br /> <br /> CITY OF RAMSEY <br />(RESIDENTIAL SALES RATIO RECAP) <br /> <br /> I <br /> I <br />! <br /> I <br />!: <br /> I <br /> I <br /> I <br /> I <br /> <br /> 2003 Assessment <br /> 10/01-9/02Sales <br />Zone # of Sales Ratio <br />1 River and Lakeshore 14 92.8% <br />2 Golf Course 6 92.6% <br />3 Older Homes W/City Sewer & Water 113 94.5% <br />4 Older Homes W/Private Well 105 94.3% <br />5 Newer Home W/City Sewer 35 94.9% <br />6 Newer Homes W/Well 1 90.5% <br />7 2-10 Acres 7 87r7% <br />8 Northfork - Golf Course 8 97.0% <br />9 10+ Acres 5 89.6% <br /> <br />Coefficient <br /> 4.6 <br /> 6.1 <br /> 4.9 <br /> 6.9 <br /> 4.0 <br /> 0 <br /> 7.3 <br /> 10.9 <br /> 10.9 <br /> <br />TOTAL 308 94.4% 6.0 <br /> <br />17 <br /> <br />I <br />I <br />I <br />i <br />I <br />i <br />! <br /> <br /> <br />