2016 Assessment Report. Hennepin County. Assessor s Department

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1 216 Assessment Report Hennepin County Assessor s Department James R. Atchison, CAE, SAMA County Assessor Created:

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3 216 TABLE OF CONTENTS Last modified (6-9-16) Table of Contents (2 pages).3 Introduction and Overview of the 216 Assessment (2 pages) Hennepin County Cumulative Growth by Munic and Property Type (6 pages)...7 Hennepin County Percent Change Growth by Property Type Chart...13 Suburban Hennepin Percent Change Growth by Property Type Chart Suburban Hennepin Sales Ratio Histogram Chart Suburban Hennepin Mean and Median Sales Ratios Hennepin County Single Family Residential Median Estimated Market Values Chart by Munic Hennepin County Single Family Residential Median Estimated Market Values Line Graph...18 Hennepin County Mean and Median Single Family Residential Sales Price...19 Hennepin County CRV (Certificate of Real Estate Value) Counts by Calendar Year...2 Hennepin County Munic Totals And Parcel Counts (3 pages)...21 Hennepin County Two-Year Munic Tax Capacities by Property Type Groupings (6 pages) Hennepin County Valuation Comparison (DK99SS93)...3 Hennepin County Assessment Valuation Info Value Exclusions (DK99SS93-A2)..31 Hennepin County New Construction Report by Munic Hennepin County Estimated Market Value Pie Chart Hennepin County Taxable Market Value Pie Chart Hennepin County Tax Capacity Pie Chart Hennepin County Net Tax Dollars by Property Type Pie Chart Hennepin County Ten-Year History of Property Class as a Percentage of Tax Base...37 Page 3 of 51

4 Hennepin County EMV, TMV and Tax Capacity Percentages Graph...38 Hennepin County Ten-Year History of Excluded Value...39 Hennepin County Ten-Year History of Excluded Value Charts....4 Hennepin County Two Year Comparison of Estimated Market Values by Property Type Graph...41 Hennepin County Two Year Comparison of Taxable Market Values by Property Type Graph...42 Hennepin County Two Year Comparison of Tax Capacity by Property Type Graph...43 Hennepin County Tax Capacity Distribution Graph.44 Hennepin County Net Tax Percent by Property Type Graph Hennepin County Map..46 Hennepin County Overview - Fast Facts (2 Pages) Glossary of Assessment Terms (3 Pages). 49 Page 4 of 51

5 The 216 Hennepin County Annual Assessment is a statistical and graphical representation of market value changes occurring since the 215 assessment. This data proves useful for county and city officials, as well as for those with a general interest in assessed market valuations and property taxes. The data has been sorted by totals for the city of Minneapolis, suburban Hennepin County, as well as each local jurisdiction. For comparative purposes within and between jurisdictions, a ten-year history has been provided on some of the reports. This report, along with previous years iterations of this report, can be found electronically under the heading County Assessor Report at: Overview of the 216 Assessment In 27, the real estate market peaked in Hennepin County, quickly followed by a dramatic decline in real estate market values from 28 through 212. The 213 assessment saw this downward trend slow considerably, while some submarkets actually experienced modest increases in valuations. The 216 assessment marks the third year that the overall trend indicates meaningful increasing market valuations since the peak in 27. Overall, estimated market values grew 6.7% in Hennepin County, going from $142.8 billion for the 215 assessment to $152.3 billion for 216 assessment. This $9.5 billion dollar increase in market value includes $2.66 billion in new improvements. This new improvement value is across all of Hennepin County, and is evenly balanced between the apartment, commercial/industrial, and residential submarkets for the 216 Assessment. RESIDENTIAL Single Family Detached Although the growth of single-family residential properties valuations in Hennepin County increased by larger margins from the 213 to the 214 assessment, the 216 assessment marks the third year in a row that market values for detached single-family properties have increased in Hennepin County. For the 216 assessment, this sub-set of properties increased by 5.1%. Minneapolis saw a higher increase of 6.8%, while detached single-family homes in suburban Hennepin increased 4.6%. It is important to note that these aggregate changes can be an over simplification. The assessment average numbers betray the level of complexity of the assessment. Each city, neighborhood, and property type has its own story to tell with regard to market fluctuations. In addition to traditional sales analysis, we also analyze lender mediated sales information and continue to make some limited and targeted value reductions in areas where sales activity of lender mediated transaction continue to be a portion of that market. We continue to monitor these issues as we prepare for the 217 assessment. CONDOMINIUM Individual unit value changes will vary by complex and unit type. The average increase across the county was 7.7%. The total value of residential condos is evenly split between the Minneapolis and suburban Hennepin. Values of condos in Minneapolis increased 6.3%, while market values in suburban Hennepin increased 9.%. Page 5 of 51

6 TOWNHOUSES The estimated market value on townhouse properties increased 5.8% county-wide. The Minneapolis townhouse market, which makes up less than 6% of the total townhome population of Hennepin County, saw an increase of 6.3%. Townhouses in suburban Hennepin experienced an increase of 5.8%. APARTMENTS For the 216 assessment, the overall apartment market in the county continues to increase at an astonishing rate of 18.9% county-wide. The market value increases of apartment properties is more balanced this year, with similar increases across the suburbs of 19.5% and the city of Minneapolis at 18.3%. These significant value increases were more consistent across all apartment properties regardless of age, location, unit mix, etc. This marks the 5 th consecutive year of year over year increases. COMMERCIAL AND INDUSTRIAL County-wide, commercial and industrial properties improved with a 6.4% increase. Commercial property values increased 7.9%, while industrial property values increased 5.8%. Investment-grade properties are continuing to see the strongest increases in market value. In breaking down the suburban Hennepin market, commercial values were up 5.4%, while industrial values increased 6.1%. Suburban Hennepin commercial and industrial property values increased 5.6%. In Minneapolis, commercial values increased 11.9%, with the industrial market increasing 3.8%. The Minneapolis CI market had a combined increase of 11.1%. UTILITY & RAILROAD PROPERTY: The MN Department of Revenue (DOR) sets the assessed values for all real and personal property classified as a public utility or operating railroad. The DOR has a statutory requirement to report stateassessed values to county assessors by August 1 each year. The omission of value of all utility and railroad property was intentional. These values will be updated prior to the final reporting of the year s assessment. Property Type Index to reference as you read the assessment data: A = Apartment C = Commercial F = Agriculture I = Industrial R= Single Family Residential RL = Single Family Residential with Water Influence X = Condominiums Y = Townhomes The mission of the Hennepin County Assessor s Office is to value and classify property, uniformly, and accurately. Page 6 of 51

7 HENNEPIN COUNTY CUMULATIVE GROWTH - 3/22/216 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT*** YEAR TOTAL 1 YEAR TOTAL BLOOMINGTON A % 33.6% C % 23.2% F % -94.3% I % 2.1% R % -9.4% X % -15.2% Y % -12.9% BROOKLYN A % 14.8% CENTER C % 2.9% I % 4.2% R % -22.% X % -43.% Y % -34.4% BROOKLYN A % 45.6% PARK C % -2.9% F % -39.4% I % 2.3% R % -15.3% X % -39.% Y % -19.9% CHAMPLIN A % 39.2% C % 4.2% F % 17.6% I % 29.3% R % -13.5% X % -22.% Y % -16.3% CHANHASSEN C % -27.6% I % -6.7% CORCORAN C % -8.2% F % 19.6% I % -14.3% R % -8.2% X % 62.1% CRYSTAL A % 21.4% C % -6.1% I % -4.3% R % -15.2% X % -44.% Y % -2.8% DAYTON A % 5.5% C % -1.1% F % 34.4% I % -6.4% R % -14.1% DEEPHAVEN C % -.9% R % 3.8% Y % 1.3% 1 of 6 Page 7 of 51

8 HENNEPIN COUNTY CUMULATIVE GROWTH - 3/22/216 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT*** YEAR 1 YEAR TOTAL TOTAL EDEN A % 44.1% PRAIRIE C % 4.9% F % 19.4% I %.7% R % -7.4% X % -15.5% Y % -12.4% EDINA A % 41.9% C % 33.9% I % 17.5% R % -2.3% X % -2.4% Y % -1.5% EXCELSIOR A % 8.3% C % 16.2% I % -.9% R % 18.8% X % 8.9% Y % -3.5% GOLDEN A % 36.1% VALLEY C % 6.9% I % 4.5% R % -7.3% X % -16.2% Y % -14.3% GREENFIELD C % 2.3% F % 7.5% I % -.6% R % -12.% Y % -23.7% GREENWOOD A % -15.1% C % 13.3% R % 2.6% X % 4.2% HANOVER C % 4.7% F % -52.1% I % -44.7% R % -2.% Y % -34.6% HOPKINS A % 29.6% C % 12.8% I % 14.5% R % -5.8% X % -31.8% Y % -14.7% INDEPENDENCE C % -5.6% F % 15.3% I % -5.8% R % -18.8% X % 9.% 2 of 6 Page 8 of 51

9 HENNEPIN COUNTY CUMULATIVE GROWTH - 3/22/216 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT*** YEAR 1 YEAR TOTAL TOTAL LONG A % 14.7% LAKE C % -27.9% I % -22.2% R % -1.7% X % -26.8% Y % -1.1% LORETTO A % -7.7% C % -7.1% F % -23.4% I % -14.2% R % -16.4% Y % -28.1% MAPLE A % 39.3% GROVE C % -9.2% F % -37.3% I % -9.1% R % -8.1% X % -11.1% Y % -11.7% MAPLE A % 3.4% PLAIN C % -15.2% I % -1.7% R % -11.3% X % -15.5% MEDICINE A % -16.2% LAKE C % -19.4% R % -4.4% MEDINA A % -22.4% C %.5% F % 13.5% I % -1.% R % -7.1% X % -12.9% Y % -13.2% MINNEAPOLIS A % 35.5% C % 21.9% I %.8% R % 3.7% X % 1.1% Y % -8.9% MINNETONKA A % 57.3% C % 19.4% F % -39.5% I % 9.6% R % -6.4% X % -21.1% Y % -6.5% 3 of 6 Page 9 of 51

10 HENNEPIN COUNTY CUMULATIVE GROWTH - 3/22/216 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT*** YEAR 1 YEAR TOTAL TOTAL MINNETONKA C % -1.7% BEACH R % 3.1% MINNETRISTA C % -6.7% F % -21.3% I % -28.9% R % -13.3% X % 4.6% Y % -11.9% MOUND A % 7.% C % -9.3% I % 56.9% R % -14.% X % -24.8% Y % -17.2% NEW A % 15.3% HOPE C % -.1% I % 9.3% R % -13.2% X % -37.2% Y % -29.7% ORONO A % 21.9% C % -9.9% F % -12.3% I % -21.4% R % -11.% X % -35.2% Y % -18.% OSSEO A % 28.4% C % -27.7% I % -1.% R % -17.% X % -29.3% Y % -29.5% PLYMOUTH A % 52.% C % 23.8% F % 1.8% I % 19.7% R % -6.6% X % -12.8% Y % -1.8% RICHFIELD A % 29.% C % 1.9% I % -14.3% R % -11.4% X % -17.1% Y % -16.1% ROBBINSDALE A % 1.2% C % -3.9% I % -5.5% R % -21.% X % -63.3% Y % -2.2% 4 of 6 Page 1 of 51

11 HENNEPIN COUNTY CUMULATIVE GROWTH - 3/22/216 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT*** YEAR 1 YEAR TOTAL TOTAL ROCKFORD A % 14.9% C % -26.3% I % -22.3% R % -16.3% Y % -21.7% ROGERS A % 28.6% C % -25.4% F % -18.9% I % -2.3% R % -18.5% X % 5.3% Y % -17.2% SAINT A % 2.6% ANTHONY C % 7.% I % -6.2% R % -.3% X % -37.2% Y % -1.9% SAINT A % -3.% BONIFACIUS C % -14.9% I % -16.7% R % -11.5% X % -58.3% Y % -14.6% SAINT A % 58.2% LOUIS C % 35.8% PARK I % 8.3% R % -2.2% X % -9.8% Y % -5.5% SHOREWOOD A % -8.2% C % 14.8% F % 254.2% R % -4.4% Y % -13.5% SPRING A % 19.2% PARK C %.4% I % -2.1% R % -8.2% X % -23.5% Y % -12.1% TONKA C % 17.1% BAY R % -1.8% Y % -3.7% WAYZATA A % 14.7% C % -3.% R % -5.8% X % -11.6% Y % -7.8% WOODLAND R % -8.3% 5 of 6 Page 11 of 51

12 HENNEPIN COUNTY CUMULATIVE GROWTH - 3/22/216 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT*** YEAR 1 YEAR TOTAL TOTAL HENNEPIN A % 39.4% COUNTY C % 2.4% F % -18.9% I % 2.7% R % -6.8% X % -7.8% Y % -12.9% PT*** YEAR 1 YEAR TOTAL TOTAL SUBURBAN A % 39.5% HENNEPIN C % 14.5% F % -17.9% I % 6.8% R % -7.9% X % -14.2% Y % -11.2% *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. *Growth is based on static parcels only and is a net change menaing improvement amounts have been removed. ***A = A, HF, HL, HM C=C,GC,ND,NP,SC,SL,SM F = BF, DF, F, FF, FP, LF, LV R = B, BJ, D, DJ, R, RL, RM, SR X = X, XC, XM, AX 6 of 6 Page 12 of 51

13 HENNEPIN PROPERTY TYPE GROWTH COMMERCIAL INDUSTRIAL APARTMENT SF RESIDENTIAL PERCENT CHANGE YEAR Run Date *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 13 of 51

14 SUBURBAN HENNEPIN PROPERTY TYPE GROWTH COMMERCIAL INDUSTRIAL APARTMENT SF RESIDENTIAL PERCENT CHANGE YEAR Run Date *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 14 of 51

15 216 SUBURBAN HENNEPIN COUNTY DIRECT SALES RATIO HISTOGRAM (R & RL) Based on 215 Assessment Sales Ratio Period of 1/214 to 9/215 Mean Ratio = 97.5% Median Ratio = 98.27% Standard Deviation = 9.31% Number of Sales = 7,651 Normal Distribution Report Created: (Sales & EMVs are from Initital 216 Assessments) Page 15 of 51

16 Suburban Hennepin - R & RL Mean & Median Sales Ratios By Assessed Year (27-216) ASSESSMENT YEAR DIRECT MEDIAN RATIO DIRECT MEAN RATIO % 96.% % 95.9% % 96.3% % 97.4% % 96.9% MCAP MEDIAN RATIO MCAP MEAN RATIO % 97.1% 1.6% 99.4% % 97.3% 99.4% 97.6% % 11.7% 93.3% 91.1% % 97.2% 92.3% 93.3% % 98.3% 94.9% 95.5% *The following ratios are based on a weighted median and mean sales ratio and were generated from the original assessments as submitted for each year.) ** Refer to the Introduction and Overview sections of this report for explanations of direct ratios versus MCAP ratios. Page 16 of 51

17 ESTIMATED MARKET VALUE MEDIANS HENNEPIN COUNTY RESIDENTIAL SINGLE FAMILY* 216 ASSESSMENT FOR TAXES PAYABLE EMV Run Date: CITY BLOOMINGTON 248,2 242,8 228,8 213, 27,6 194,5 188,2 26,7 219,8 225,95 BROOKLYN CENTER 196,1 18,4 156,5 137,5 133,9 119,4 114,3 131,4 142,1 15, BROOKLYN PARK 228,1 221,8 198,3 175,2 166,1 156, 155,2 172,5 181,5 19,9 CHAMPLIN 233,1 225, 27, 19, 181, 166, 162, 177, 184, 198, CORCORAN 327, 328, 32, 28, 27, 239,5 222, 269, 278, 285, CRYSTAL 198, 188, 173, 155, 151, 13, 131, 151, 153, 166, DAYTON 272, 271, 261, 245, 229, 194, 195, 219, 224, 237, DEEPHAVEN 512,5 487,6 472, 446,5 448,5 43,5 429,5 473, 534, 55,5 EDEN PRAIRIE 374,8 37,8 354,5 334,5 326,8 312,6 317,85 339,1 36,3 363,1 EDINA 444,75 428,5 432,7 411,5 43,6 396,55 4, 428,3 457,3 458,1 EXCELSIOR 346, 337,5 328, 298, 287, 269, 273, 335, 37, 391, GOLDEN VALLEY 282, 275, 27, 25, 245, 23, 227, 252,5 258, 262, GREENFIELD 416, 46,5 392, 351, 322, 31, 286,5 38, 327, 352, GREENWOOD 868, 813,5 814, 747, 711,5 693,5 667, 726, 74,5 772, HANOVER 373, 367, 338, 33,5 33, 29, 266, 277, 35, 32, HOPKINS 233, 227, 221,5 27, 198, 191, 183, 26, 27, 223, INDEPENDENCE 472, 451, 417, 382, 357, 337, 337, 356, 36, 385,5 LONG LAKE 266, 249, 248, 245, 214, 217, 29, 222, 228, 249, LORETTO 245, 22, 28, 194,5 193,5 165, 182, 184,5 25, 28, MAPLE GROVE 29,9 285,8 275,3 262,5 256,2 24,3 246,8 268,7 278,9 289,4 MAPLE PLAIN 234, 232, 221, 194,5 184, 16, 178,5 18, 193, 26, MEDICINE LAKE 668, 671, 654,5 614, 574, 493,5 511, 586,5 574,5 67, MEDINA 592,5 67, 64,5 567, 528, 56,5 492, 53, 521,5 524, MINNEAPOLIS 214, 192, 19,6 185,5 18,5 17,5 17, 181, 191, 25,5 MINNETONKA 327,4 322, 39,75 293,2 288, 277,4 273,7 279, 317,75 322,6 MINNETONKA BEACH 1,3, 1,26,5 1,2, 959,5 97, 868,5 794,5 98, 1,2, 1,1, MINNETRISTA 488, 472,9 458, 42,5 384, 36, 353, 387, 385, 411, MOUND 237, 232, 218, 26,5 191, 161, 162, 189, 192, 213, NEW HOPE 228, 223, 29, 193, 181, 164, 168, 18, 188,5 196, ORONO 724, 78,6 696, 638, 589, 535, 528, 546, 572, 67, OSSEO 22, 196, 188, 167, 159, 133, 131, 147, 165, 172, PLYMOUTH 343,1 334,4 318,9 34, 299,5 285,35 294, 316,1 327, 339, RICHFIELD 223, 212, 195, 181, 177, 163, 159, 173, 18, 194, ROBBINSDALE 2, 195, 176, 157, 149, 137, 125, 149, 146, 158, ROCKFORD 218, 217, 198, 17, 167,5 154, 151, 164, 171,5 182, ROGERS 285, 29, 262, 241, 224, 227, 225, 251, 263, 275, ST. ANTHONY 266, 253, 238,25 225, 223, 27, 28, 223, 255, 26, ST. BONIFACIUS 24, 23, 217, 21, 193,5 171, 18, 199, 23, 222, ST. LOUIS PARK 243,8 239,7 233,3 223,6 219,2 211,55 24,8 217,4 227,7 24, SHOREWOOD 431, 428, 419, 389, 373,5 364, 367, 386,5 41, 49, SPRING PARK 427, 418,7 395, 362, 33, 285,5 269,5 352, 353, 376, TONKA BAY 723, 673, 68,5 64, 562, 519,5 54, 474, 473, 51,5 WAYZATA 464, 467, 461, 444, 439,5 414, 412,5 431, 475, 53,5 WOODLAND 945, 938, 943,5 893, 854, 812,5 792, 719, 848, 817, SUBURBAN HENNEPIN 27,2 264,5 252,8 236,7 229,6 217,5 217, 235,8 248, 256, ALL HENNEPIN 253, 244, 234,5 221,5 215, 23,1 22,5 219,6 23,5 241, *Includes all single subrecord taxable R & RL parcels Page 17 of 51

18 3, 275, 25, 225, 2, 175, 15, 125, 1, Estimated Market Value Medians 1 Year History for R & RL Property Types Minneapolis Suburban Hennepin Assessment Year Page 18 of 51 Estimated Market Value

19 Hennepin County Mean & Median Sales Prices -- Single-Family Residential 3/29/216 Jan-Dec 212 Jan-Dec 213 Jan-Dec 214 Jan-Dec 215 City Mean Median #Cases Mean Median #Cases Mean Median #Cases Mean Median #Cases Bloomington 223,6 192, ,848 22, ,526 23, ,26 232, 859 Brooklyn Center 12,22 119, , , , , , , Brooklyn Park 183, , , , ,51 191, ,798 28, Champlin 195,34 165, , , , , , ,5 259 Corcoran 256,238 25, ,68 35, , , ,37 297, 49 Crystal 139, , ,93 156, , , ,68 17, Dayton 235, , 32 32, , ,46 212, , ,8 39 Deephaven 592,14 54, 5 81,454 59, 52 68, , , , Eden Prairie 367, , ,228 35, , , ,12 362, Edina 519, , , , ,88 449, , , 55 Excelsior 367, , ,877 25, 18 48,919 36, 9 476, ,5 24 Golden Valley 285,54 243, , , ,26 284, , , 277 Greenfield 37,688 33, ,669 41, 23 46,576 39, , , 36 Greenwood 834, , 16 1,65, , 12 1,33, , 9 1,322,548 1,12, 1 Hanover 335, , , , ,25 34, 4 295,79 32,1 9 Hopkins 245,84 22, , , , , , ,5 113 Independence 46,71 441, , , , , ,47 468, 37 Long Lake 32, 226, , , ,666 22, ,787 32, 17 Loretto 172, , 3 239,19 24, ,85 261, ,7 211,363 5 Maple Grove 289, , ,877 3, ,46 3, ,63 284, 729 Maple Plain 25, , 17 23, , ,31 217, , , 15 Medicine Lake 614, 614, 1 593, 639, 3 62, 62, 1 833,75 842,5 4 Medina 69,38 397, , , 47 81, , ,117 62, 49 Minneapolis 24, , 2, ,59 212, 3, ,56 21, 2,92 276, , 4,35 Minnetonka 358, , ,94 329, ,286 33, , ,2 547 Minnetonka Beach 95,727 1,4, ,14 67, 9 1,413,166 1,485, 8 1,467,245 1,325, 1 Minnetrista 473, 384, ,62 414, , , , ,75 74 Mound 274, , , , , , 93 32, , New Hope 175,43 172, 15 19, , ,31 23, , ,2 213 Orono 674,15 514, , , , , , , Osseo 143, , 21 16,73 164, ,335 18, , , Plymouth 329,41 3, ,78 334, ,363 35, , ,5 699 Richfield 17, , , , ,33 194, ,813 25,6 422 Robbinsdale 135, , ,8 151, , , ,344 17, Rockford 289, 289, 2 2, 2, 2 Rogers 246,61 239, ,695 26, , , ,52 292, Shorewood 6, , , , , , ,92 419, Spring Park 375, , ,33 34, , , , , 7 St Anthony 213,419 28, , , , , , , St Bonifacius 28, , 17 28, , ,59 21, , ,95 26 St Louis Park 236,361 23, , , , , , , Tonka Bay 844, , ,74 852, ,8 57, , ,23 27 Wayzata 1,79, , ,56 4, 29 1,172,83 47, , ,5 4 Woodland 1,385,429 1,275, 7 728,71 36, 7 2,86,333 1,594, 6 1,238,688 1,51, 8 Henn Cty Totals 286,17 218, 8,423 38, ,875 1,4 316, , 8, ,397 25, 12,662 Sales prices are direct sales prices Page 19 of 51

20 Data As of Hennepin Co. CRV Counts By Calendar Year 3, 25, Minneapolis Suburban All Hennepin Count of CRVs (Sales) 2, 15, 1, 5, Years CRV (Certificate of Real Estate Value) Counts Year Minneapolis Count Suburban Count Hennepin Count 26 9,565 17,948 27, ,168 14,164 22, ,687 12,231 19, ,4 13,432 21, ,54 11,756 18, ,51 12,899 18, ,161 15,461 22, ,193 17,388 25, ,756 16,89 23, ,969 17,886 25,855 Page 2 of 51

21 Estimated Market Values - Munic Totals Assessment Report No. PI ESTIMATED ESTIMATED ESTIMATED QUALIFYING MUNIC (MUNIC NUMBER) LAND BUILDINGS MACHINERY* MARKET VAL IMPROV TAX SUBRECORDS PARCELS CAPACITY EXEMPT TAX TOTAL EXEMPT TAX TOTAL BLOOMINGTON (2) TOTAL: 4,534,16, 7,488,82,5 12,22,98,5 43,1 161,643, ,424 31, ,362 31,21 BROOKLYN CENTER (22) TOTAL: 531,894,1 1,333,257,5 1,865,151,6 13, 21,69, ,623 8, ,65 8,896 BROOKLYN PARK (48) TOTAL: 1,657,588,9 4,553,626,7 6,211,215,6 1, 7,923, ,821 24, ,77 24,329 CHAMPLIN (5) TOTAL: 465,888,5 1,57,682, 1,973,57,5 2,1 2,264, ,314 8, ,244 8,557 CHANHASSEN (14) TOTAL: 18,836, 51,66, 7,442, 1,4, CORCORAN (52) TOTAL: 35,218,2 457,256,9 762,475,1 1, 7,642, ,186 3, ,386 2,423 CRYSTAL (54) TOTAL: 458,537,4 1,146,499,8 1,65,37,2 5, 16,365, ,39 8, ,8 8,285 DAYTON (56) TOTAL: 231,889,2 356,551,6 588,44,8 6,417, ,469 2, ,8 2,141 DEEPHAVEN (59) TOTAL: 621,722, 574,238, 1,195,96, 124,8 13,487, ,564 1, ,56 1,616 EDEN PRAIRIE (61) TOTAL: 3,174,4,8 6,613,59,9 9,787,91,7 119,973, ,13 23, ,876 22,78 EDINA (24) TOTAL: 4,444,717,6 6,476,59,1 1,92,776,7 81,2 132,373, ,78 21, ,739 21,37 EXCELSIOR (63) TOTAL: 227,887,1 211,988,8 571,7 44,447,6 2, 5,518, FORT SNELLING (41) TOTAL: GOLDEN VALLEY (28) TOTAL: 1,222,474,9 2,126,827,8 3,349,32,7 49,3 42,746, ,398 8, ,36 8,668 GREENFIELD (65) TOTAL: 158,759,5 27,116,7 428,876,2 7, 4,399, ,672 1, ,311 1,359 GREENWOOD (19) TOTAL: 28,535, 119,414, 327,949, 1, 3,796, HANOVER (67) TOTAL: 19,774,2 52,311,5 72,85,7 76, HOPKINS (3) TOTAL: 564,262,6 1,213,947,8 1,778,21,4 72, 23,38, ,151 5, ,123 5,311 INDEPENDENCE (7) TOTAL: 283,382, 38,666,3 664,48,3 8,7 6,75, ,246 2, ,675 1,756 INTERNATL AIRPORT (43) TOTAL: LONG LAKE (72) TOTAL: 79,28,5 165,217,9 244,246,4 2,94, LORETTO (74) TOTAL: 12,81,6 47,414, 59,495,6 657, Page 1 of 3 Data As Of: 3/23/216 Page 21 of 51

22 Estimated Market Values - Munic Totals Assessment Report No. PI ESTIMATED ESTIMATED ESTIMATED QUALIFYING MUNIC (MUNIC NUMBER) LAND BUILDINGS MACHINERY* MARKET VAL IMPROV TAX SUBRECORDS PARCELS CAPACITY EXEMPT TAX TOTAL EXEMPT TAX TOTAL MAPLE GROVE (76) TOTAL: 2,195,586, 6,11,922,8 8,297,58,8 94,669, ,256 26, ,23 25,824 MAPLE PLAIN (77) TOTAL: 48,593,8 117,98,2 166,52, 2,7, MEDICINE LAKE (79) TOTAL: 58,578,2 29,125, 87,73,2 962, MEDINA (8) TOTAL: 573,274,1 1,9,268,9 1,582,543, 7,1 18,55, ,448 3, ,994 3,19 MINNEAPOLIS (1) TOTAL: 9,571,445,4 33,965,68,8 43,536,514,2 2,9,9 54,579,483 7, , ,5 7, ,22 129,498 MINNETONKA (34) TOTAL: 3,541,653,6 5,177,881,5 962,1 8,72,497,2 163,3 17,159, ,82 2, ,731 2,639 MINNETONKA BEACH (82) TOTAL 22,441,1 113,786, 316,227,1 1, 3,75, : MINNETRISTA (36) TOTAL: 621,697,8 853,396,1 1,475,93,9 1, 15,624, ,112 4, ,564 3,792 MOUND (85) TOTAL: 515,793,6 659,525, 1,175,318,6 35,5 11,983, ,476 4, ,468 4,759 NEW HOPE (86) TOTAL: 423,17,9 1,21,323,6 1,624,431,5 2,4 19,276, ,92 6, ,94 6,27 ORONO (38) TOTAL: 1,441,18,6 1,299,488, 2,74,596,6 12,8 31,84, ,99 4, ,14 4,336 OSSEO (88) TOTAL: 57,555,3 178,526, 236,81,3 2,93, PLYMOUTH (4) TOTAL: 3,376,782,7 7,267,433, 12,82,6 1,656,298,3 3,1 126,799, ,772 27, ,276 27,172 RICHFIELD (42) TOTAL: 1,63,284,6 2,13,58,1 3,76,342,7 7,8 35,774, ,61 11, ,577 11,899 ROBBINSDALE (44) TOTAL: 293,872,7 665,49,9 958,922,6 9,441, ,162 5, ,154 5,293 ROCKFORD (9) TOTAL: 7,156,9 16,117, 23,273,9 275, ROGERS (92) TOTAL: 478,58,3 1,254,93, 1,733,411,3 22,722, ,876 5, ,473 4,7 SHOREWOOD (26) TOTAL: 69,33,8 95,917, 1,595,95,8 26, 17,458, ,5 3, ,36 3,14 SPRING PARK (17) TOTAL: 119,27,6 142,825, 262,32,6 3,94, ST ANTHONY (94) TOTAL: 24,677, 371,,5 575,677,5 5, 5,991, ,232 2, ,229 2,293 ST BONIFACIUS (95) TOTAL: 34,644,5 167,126,5 21,771, 2,65, , ST LOUIS PARK (46) TOTAL: 2,86,432,9 4,222,161,5 7,29, 6,315,884,4 33, 77,516, ,295 17, ,247 17,73 Page 2 of 3 Data As Of: 3/23/216 Page 22 of 51

23 Estimated Market Values - Munic Totals Assessment Report No. PI ESTIMATED ESTIMATED ESTIMATED QUALIFYING MUNIC (MUNIC NUMBER) LAND BUILDINGS MACHINERY* MARKET VAL IMPROV TAX SUBRECORDS PARCELS CAPACITY EXEMPT TAX TOTAL EXEMPT TAX TOTAL TONKA BAY (97) TOTAL: 341,784,8 26,228, 548,12,8 6, 6,211, WAYZATA (99) TOTAL: 873,758,7 919,29,7 1,792,788,4 61,1 23,333, ,776 1, ,749 1,838 WOODLAND (15) TOTAL: 175,762, 123,29, 299,52, 1, 3,58, SUBURBAN TOTAL: 38,646,19,6 7,162,565,1 2,96,4 18,829,662,1 1,29,3 1,34,234,667 11, ,913 35,812 1, , ,78 HENNEPIN COUNTY TOTAL: 48,217,636, 14,127,633,9 2,96,4 152,366,176,3 3,3,2 1,844,814,15 19, , ,862 17,54 41,72 428,26 *Note Regarding State Assessed Values: For Utility Properties (Property Type 'U'), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 3 of 3 Data As Of: 3/23/216 Page 23 of 51

24 216 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: BLOOMINGTON 215 Pay 216: 68,445,729 13,339,171 11,272,391 59,38,511 8,248 33, ,479, Pay 217: 72,791,577 13,38,933 13,485,493 62,19,39 3,655 34, ,643, % -.23% 19.63% 4.44% % 3.74% 6.1% BROOKLYN CENTER 215 Pay 216: 216 Pay 217: 5,66,748 2,43,776 2,342,889 9,817,812 7,58 6,84 6,11,65 2,477,51 2,659,979 1,453,731 6,84 2,185,645 21,69, % 3.7% 13.53% 6.48%.% 7.5% BROOKLYN PARK 215 Pay 216: 1,82,558 11,36,22 4,73,181 39,57,21 454,431 65,747, Pay 217: 11,589,555 12,29,83 4,899,262 41,613,599 53,128 7,923, % 8.19% 2.28% 6.55% 16.66%.% 7.87% CHAMPLIN 215 Pay 216: 2,218,13 1,74,4 51,41 14,874,775 17, ,694, Pay 217: 2,384,22 1,121,76 663,122 16,88,73 6, ,264, % 4.44% 29.92% 8.16% % 165.% 8.39% CHANHASSEN 215 Pay 216: 297,71 1,49, ,347,7 216 Pay 217: 182,86 1,217, ,4, % 15.96%.% -4.%.%.% 3.9% CORCORAN 215 Pay 216: 36,31 347,22 5,594, ,875 69,375 7,232, Pay 217: 39, ,96 6,24, ,852 69,375 7,642,27.98% 2.52%.% 7.69% -3.5%.% 5.67% CRYSTAL 215 Pay 216: 2,27, ,45 1,462,415 1,499,78 14,49 15,, Pay 217: 2,368,62 753,37 1,685,534 11,543,75 14,49 16,365, % -.1% 15.26% 9.94%.%.% 9.1% DAYTON 215 Pay 216: 271,13 1,34,866 3,413 3,692, ,545 89,15 5,557, Pay 217: 264,533 1,41,686 3,488 4,197, ,449 89,15 6,417, % 35.45% 2.2% 13.67% -1.9%.% 15.48% DEEPHAVEN 215 Pay 216: 345,625 15,83 14,163 12,374,122 1,26 12,886, 216 Pay 217: 357,128 4,2 15,626 12,964,661 1,5 13,487, % % 7.46% 4.77%.% 2.34% 4.66% Page 1 of 6 Data as of: 3/23/216 Page 24 of 51

25 216 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: EDEN PRAIRIE 215 Pay 216: 29,47,165 11,881,8 7,667,144 68,25,51 45,52 116,845, Pay 217: 29,718,335 11,962,973 8,978,861 69,269,263 44,2 119,973, %.69% 17.11% 1.56% -1.89%.% 2.68% EDINA 215 Pay 216: 28,544,668 4,351,889 6,412,275 85,827, ,136, Pay 217: 3,748,524 4,572,722 8,375,274 88,676, ,373, % 5.7% 3.61% 3.32%.%.% 5.78% EXCELSIOR 215 Pay 216: 1,654,179 17, ,168 2,965,445 6,75 5,12, Pay 217: 1,827,138 17,5 515,151 3,151,531 7,185 5,518, %.26% 7.96% 6.28%.% 6.44% 7.76% FORT SNELLING 215 Pay 216: 216 Pay 217:.%.%.%.%.%.%.% GOLDEN VALLEY 215 Pay 216: 12,551, 5,532,453 1,869,653 2,279,966 4,233, Pay 217: 13,439,24 5,999,637 2,33,256 21,4,423 42,746, % 8.44% 23.19% 3.57%.%.% 6.25% GREENFIELD 215 Pay 216: 197,6 346,838 3,179, ,524 4,112, Pay 217: 184, ,146 3,485,32 391,142 4,399, % -2.51%.% 9.63%.42%.% 6.98% GREENWOOD 215 Pay 216: 183,488 17,375 3,22,629 3,421, Pay 217: 234,22 18,575 3,543,338 3,796, %.% 6.91% 1.2%.%.% 1.95% HANOVER 215 Pay 216: 6,18 2, ,23 32, , Pay 217: 6,18 1, ,486 3,591 76,72.% -49.8%.% 5.24% -5.57%.% 4.44% HOPKINS 215 Pay 216: 5,829,714 3,558,32 3,726,1 8,43,799 22,59 21,54, Pay 217: 5,997,832 3,76,542 4,344,212 8,911,365 24,6 23,38, % 5.68% 16.59% 6.4%.% 6.51% 6.95% Page 2 of 6 Data as of: 3/23/216 Page 25 of 51

26 216 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: INDEPENDENCE 215 Pay 216: 138,323 28,491 5,23, ,193 6,349, Pay 217: 144, ,581 5,563, ,842 6,75, % -5.71%.% 6.93%.8%.% 5.61% INTERNATL AIRPORT 215 Pay 216: 216 Pay 217:.%.%.%.%.%.%.% LONG LAKE 215 Pay 216: 487, ,888 86,555 1,591,619 2,665, Pay 217: 569, ,298 99,19 1,752,762 2,94, % 3.68% 14.5% 1.12%.%.% 1.31% LORETTO 215 Pay 216: 161,41 47,71 23,184 45,747 1, , Pay 217: 168,18 47,71 23, ,635 1, , %.% 2.28% 2.68% 4.4%.% 2.9% MAPLE GROVE 215 Pay 216: 17,885,457 9,354,399 2,37,726 61,263,72 24,91 91,16, Pay 217: 18,25,134 9,261,529 2,996,697 63,955,324 25,55 94,669, % -.99% 29.85% 4.39%.32%.% 4.1% MAPLE PLAIN 215 Pay 216: 236,76 618, ,323 95,712 1,946, Pay 217: 235, , ,432 1,7,26 2,7, %.12% 2.91% 5.95%.%.% 3.13% MEDICINE LAKE 215 Pay 216: 21,8 14,284 2, ,82 842, Pay 217: 21,76 14,284 21,76 95,27 962, %.% 3.88% 15.5%.%.% 14.23% MEDINA 215 Pay 216: 1,77,381 1,224,46 35,577 13,877, ,27 2,445 16,88, Pay 217: 1,187,964 1,2,565 48,666 14,938, ,593 2,535 18,55, % -1.95% 36.79% 7.65% 2.2% 3.68% 6.96% MINNEAPOLIS 215 Pay 216: 149,451,87 23,947,882 72,226, ,598,89 15, ,68 49,494, Pay 217: 167,799,567 23,2,27 85,847,92 263,622,122 16, ,88 54,579, % -3.87% 18.86% 7.78% 1.7% 7.4% 1.21% Page 3 of 6 Data as of: 3/23/216 Page 26 of 51

27 216 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: MINNETONKA 215 Pay 216: 31,536,5 5,895,132 7,459,39 58,635,484 7,49 13,533, Pay 217: 31,213,548 6,425,54 8,973,56 6,54,89 7,49 17,159, % 8.99% 2.3% 3.25%.%.% 3.5% MINNETONKA BEACH 215 Pay 216: 216 Pay 217: 85,57 3,33,569 81,99 3,623,952 3,416,139 3,75, %.%.% 8.81%.%.% 8.48% MINNETRISTA 215 Pay 216: 92,662 65,12 13,315,518 55,797 13,979, Pay 217: 95,432 46,37 14,995,83 487,27 15,624, % %.% 12.62% -3.66%.% 11.77% MOUND 215 Pay 216: 629,51 174, ,23 9,857,32 11,1 1,894,4 216 Pay 217: 681,675 15,19 242,285 1,897,866 11,34 11,983, % % 9.2% 1.56%.% 2.16% 1.% NEW HOPE 215 Pay 216: 1,399,256 5,186,681 2,713,366 8,598,755 17,898, Pay 217: 1,648,23 5,424,411 3,193,376 9,1,845 19,276, % 4.58% 17.69% 4.79%.%.% 7.7% ORONO 215 Pay 216: 918,9 253,42 144,638 27,387,536 45,598 28,749, Pay 217: 952, , ,526 29,75,215 37,49 31,84, % -1.9% 13.6% 8.46% %.% 8.12% OSSEO 215 Pay 216: 719, ,77 481, ,4 2,49 2,64, Pay 217: 725,15 425, ,282 1,26,975 2,49 2,93,588.73% 3.3% 5.33% 3.84%.%.% 11.48% PLYMOUTH 215 Pay 216: 18,835,353 17,937,96 9,8,55 71,866,11 18,93 22, ,85, Pay 217: 2,76,627 18,734,856 1,327,376 76,932,679 76,13 22, ,799, % 4.44% 14.65% 7.5% %.% 7.59% RICHFIELD 215 Pay 216: 11,4, ,552 3,78,553 17,557,281 22,588 33,6, Pay 217: 12,27, ,852 4,39,238 19,155,155 22,588 35,774, % 5.82% 13.98% 9.1%.%.% 8.39% Page 4 of 6 Data as of: 3/23/216 Page 27 of 51

28 216 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: ROBBINSDALE 215 Pay 216: 1,117,59 132,258 87,22 6,536,61 1,935 8,595, Pay 217: 1,145,423 94,42 953,758 7,246,275 1,935 9,441, % % 18.16% 1.86%.%.% 9.84% ROCKFORD 215 Pay 216: 29,11 6,346 42,638 19, ,81 267,6 216 Pay 217: 29,59 58,636 44,51 117, ,81 275, % -2.83% 4.37% 6.93% %.% 3.7% ROGERS 215 Pay 216: 3,843,758 7,427,785 63,72 9,94, ,825 21,465, Pay 217: 3,961,66 7,924, ,82 9,679, ,973 22,722, % 6.68% 1.84% 6.43% -2.31%.% 5.85% SHOREWOOD 215 Pay 216: 756, ,28 24,288 15,713,389 4,84 19,2 16,691, Pay 217: 736, ,26 26,113 16,487,889 4,571 19,35 17,458, % 6.34% 7.51% 4.93% -5.56%.78% 4.6% SPRING PARK 215 Pay 216: 46,75 149,22 62,543 1,499,48 2,711, Pay 217: 485, ,6 726,888 1,732,96 3,94, %.25% 2.64% 15.55%.%.% 14.12% ST ANTHONY 215 Pay 216: 498,18 382,26 34,594 4,513,689 42,938 5,777, Pay 217: 57,4 4,1 379,439 4,662,242 42,938 5,991, % 4.67% 11.41% 3.29%.%.% 3.71% ST BONIFACIUS 215 Pay 216: 31,64 92,535 31,86 1,52, ,938, Pay 217: 311,99 93,35 35,95 1,623, ,65,17.43%.54% 1.34% 8.11%.%.% 6.55% ST LOUIS PARK 215 Pay 216: 19,772,337 5,839,716 1,256,832 35,241,218 8,589 71,118, Pay 217: 21,698,951 6,29,51 12,111,33 37,668,831 8,589 77,516, % 3.24% 18.8% 6.89%.%.% 9.% TONKA BAY 215 Pay 216: 27,519 2, 5,689,735 5,899, Pay 217: 227,58 2, 5,982,351 6,211, %.%.% 5.14%.%.% 5.29% Page 5 of 6 Data as of: 3/23/216 Page 28 of 51

29 216 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: WAYZATA 215 Pay 216: 6,92,54 32,914 1,712,649 13,368,574 25,2 21,51, Pay 217: 6,442, ,534 1,856,416 14,787,371 26,16 23,333, % % 8.39% 1.61%.% 3.81% 8.52% WOODLAND 215 Pay 216: 3,33,587 3,33, Pay 217: 3,58,447 3,58,447.%.%.% 5.34%.%.% 5.34% SUBURBAN HENNEPIN 215 Pay 216: 216 Pay 217: 287,289, ,768,613 8,847,75 74,224,663 5,219, ,2 1,227,787,15 32,672, ,29,768 96,182,79 781,54,219 5,15, ,34 1,34,234, % 3.97% 18.97% 5.58% -2.18% 1.22% 6.23% HENNEPIN COUNTY 215 Pay 216: 216 Pay 217: 436,741, ,716, ,73, ,823,472 5,234, ,7 1,718,281,224 47,472, ,31, ,3,629 1,45,162,341 5,122, ,22 1,844,814, % 2.61% 18.92% 6.13% -2.14% 3.49% 7.36% *Note Regarding State Assessed Values: For Utility Properties (Property Type 'U'), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 6 of 6 Data as of: 3/23/216 Page 29 of 51

30 Final 215 Assessment For 216 Taxes Count Of Parcels Hennepin County Valuation Comparison Preliminary 216 Assessment For 217 Taxes Count Of Parcels Change From 215 Assessment to 216 Assessment Count Of Parcels % Change 215 to 216 Count Of Parcels Estimated Market Value (Personal Prop) Estimated Market Value (Real Estate) City of MPLS (Minneapolis) Hennepin Co (Non-MPLS) Total Hennepin Co (Real Estate) 39,881,277,2 12,923,782,5 142,85,59,7 Total Estimated Market Value 144,345,371,6 LESS "This Old House" Qualifying Imps City of MPLS Hennepin Co (Non-MPLS) 5,762,68 3,224,1 Total Qualifying Improvements 8,986,78 LESS Veteran's Exclusion City of MPLS Hennepin Co (Non-MPLS) 47,122,3 177,35,9 Total Veteran's Exclusion 224,158,2 1,282 LESS Hmstd Market Value Exclusion City of MPLS Hennepin Co (Non-MPLS) Taxable Market Value (Personal Prop) Taxable Market Value (Real Estate) City of MPLS Hennepin Co (Non-MPLS) Total Hennepin County (Real Estate) 1,54,311,9 1,349,26,16 3,45,5,926 Total Hmstd Market Value Exclusion 4,799,311,32 434,159 1,54,311,9 38,538,38,27 99,438,378,6 137,976,416,87 Total Taxable Market Value 139,516,727, ,64,66,9 43,536,514,2 18,829,662,1 152,366,176,3 153,97,837,2 2,9,9 1,29,3 1,542 3,3, ,686, ,428 33,731 5,893, ,689, ,583,2 1,283 1,157,76,399 3,11,778,725 42,325,823,21 15,539,263, ,865,86, ,469,747,676 * ,5 35,812 64,349, 3,655,237, 5,95,879,6 9,561,116,6 9,625,465,6-3,671,78-2,14,8 3,771,4 3 1,653,6-2 14,425, 1 4,259,485, , ,825,98 2,73 1,64,66,9 * 64,349, 3,787,785,174 6,1,885,515 9,888,67,689 9,953,19, ,553, ,272,21 2, % 9.17% 5.74% 6.7% 6.67% % % % 8.% 1.1% 6.2% -.2% 6.44%.8% 4.18% 9.83% 6.14% 7.17% 7.13% % % % -14.2%.48% -1.9%.69% %.62% Tax Capacity (Personal Property) Tax Capacity (Real Estate) City of MPLS Hennepin Co (Non-MPLS) Total Hennepin Co (Real Estate) 3,51,154 49,494,74 1,227,787,15 1,718,281,224 Total Tax Capacity 1,748,332,378 31,367,13 54,579,483 1,34,234,667 1,844,814,15 1,876,181,253 *&** ** ** ** ** 1,315,949 5,85,49 76,447, ,532, ,848, % 1.21% 6.23% 7.36% 7.31% Number of Parcels (Taxable & Exempt): Personal Property Real Estate (MPLS) Real Estate (Non-MPLS) 1, , ,849 Total Hennepin County Parcels 428,761 1, , ,78 429,552 * % -.5%.29%.18% Report: DK99SS NOTES: * 216 Personal Property has 215MSP Airport Figures. **TAX CAPACITIES based on 215 Legislative base limits and percentages. 215 Data as of: 12/3/ Data as of: 3/23/216 Prepared by The Hennepin County Assessor's Office State Assessed Values - Utility Properties (Prop Type = U) building and machinery values are assessed by the MN DOR and are typically not available until mid-summer. Page 3 of 51

31 Municipality Hennepin County 216 Assessment Market Value Exclusions Total Estimated Market Value Qualifying Impromnt (This Old House) % EMV Lost To Qualifying Imprvmnt Veteran's Exclusion % EMV Lost To Vets Exclsn Homestead Market Value Exclusion % EMV Lost To HMVE Total Taxable Market Value BLOOMINGTON 12,22,98,5 43,1.% 32,1,.27% 397,35, % 11,61,716,189 BROOKLYN CENTER 1,865,151,6 13,.% 1,9,.58% 16,288, % 1,698,459,462 BROOKLYN PARK 6,211,215,6 1,.% 38,75,.62% 361,677, % 5,821,4,192 CHAMPLIN 1,973,57,5 2,1.% 6,6,.33% 125,461, % 1,843,122,89 CHANHASSEN 7,442,.%.% 9,2.1% 7,432,8 CORCORAN 762,475,1 1,.% 2,25,.3% 16,273, % 744,21,386 CRYSTAL 1,65,37,2 5,.% 8,21,.5% 146,961, % 1,452,71,948 DAYTON 588,44,8.% 2,25,.38% 19,291, % 567,231,289 DEEPHAVEN 1,195,96, 124,8.1% 649,.5% 3,,184.25% 1,192,186,16 EDEN PRAIRIE 9,787,91,7.% 12,75,.13% 166,611, % 9,69,866,959 EDINA 1,92,776,7 81,2.% 8,25,.8% 17,922,4.99% 1,86,172,5 EXCELSIOR 44,447,6 2,.% 45,.1% 2,28,641.5% 437,768,959 FORT SNELLING.%.%.% GOLDEN VALLEY 3,349,32,7 49,3.% 5,7,.17% 96,761, % 3,248,222,893 GREENFIELD 428,876,2 7,.% 9,.21% 7,886, % 42,399,599 GREENWOOD 327,949, 1,.% 3,.9% 46,31.14% 327,178,69 HANOVER 72,85,7.%.% 1,75, % 7,334,97 HOPKINS 1,778,21,4 72,.% 2,775,.16% 52,995, % 1,722,712,51 INDEPENDENCE 664,48,3 8,7.% 1,65,.25% 7,593, % 654,964,52 INTERNATL AIRPORT.%.%.% LONG LAKE 244,246,4.% 3,.12% 6,328, % 237,678,481 LORETTO 59,495,6.% 15,.25% 3,761, % 55,584,33 MAPLE GROVE 8,297,58,8.% 16,458,9.2% 266,51, % 8,18,464,922 MAPLE PLAIN 166,52,.% 45,.27% 8,327,528 5.% 157,822,472 MEDICINE LAKE 87,73,2.%.% 171,47.2% 87,531,73 MEDINA 1,582,543, 7,1.% 6,.4% 8,182,621.52% 1,573,753,279 MINNEAPOLIS 43,536,514,2 2,9,9.% 69,825,.16% 1,157,76, % 42,325,823,21 MINNETONKA 8,72,497,2 163,3.% 15,956,4.18% 167,512, % 8,538,673,388 MINNETONKA BEAC 316,227,1 1,.% 3,.9% 163,7.5% 315,798,3 MINNETRISTA 1,475,93,9 1,.% 1,65,.11% 11,251,41.76% 1,462,32,859 MOUND 1,175,318,6 35,5.% 4,5,.38% 45,276, % 1,126,323,28 NEW HOPE 1,624,431,5 2,4.% 6,18,.38% 96,62, % 1,523,495,74 ORONO 2,74,596,6 12,8.% 2,1,.8% 12,77,393.44% 2,726,649,47 OSSEO 236,81,3.% 75,.32% 14,253, % 221,257,175 PLYMOUTH 1,656,298,3 3,1.% 17,7,.16% 22,16, % 1,421,29,462 RICHFIELD 3,76,342,7 7,8.% 14,33,3.47% 179,882, % 2,885,821,217 ROBBINSDALE 958,922,6.% 3,15,.33% 89,971, % 866,667,438 ROCKFORD 23,273,9.%.% 1,298, % 21,975,63 ROGERS 1,733,411,3.% 4,885,.28% 45,42, % 1,683,893,64 SHOREWOOD 1,595,95,8 26,.% 1,5,.9% 12,471,135.78% 1,582,38,665 SPRING PARK 262,32,6.% 3,.11% 2,144,885.82% 259,736,715 ST ANTHONY 575,677,5 5,.% 2,25,.39% 25,664, % 547,879,5 ST BONIFACIUS 21,771,.% 6,.3% 13,766, % 187,566,923 ST LOUIS PARK 6,315,884,4 33,.% 9,45,.15% 189,219,613 3.% 6,118,385,387 TONKA BAY 548,12,8 6,.% 6,.11% 2,393,62.44% 545,13,18 WAYZATA 1,792,788,4 61,1.% 9,.5% 5,17,84.29% 1,786,658,46 WOODLAND 299,52, 1,.% 3,.1% 29,59.7% 298,532,41 TOTAL HENNEPIN 152,366,176,3 3,3,2.% 38,85,6.2% 4,259,485, % 147,865,86,776 Data as of: 3/23/216 Page 31 of 51 Report No. DK99SS93-A2

32 216 HENNEPIN COUNTY NEW CONSTRUCTION* REPORT MUNIC PID COUNT IMPROVEMENT AMOUNT (ALL PT'S) ( 2 ) BLOOMINGTON ( 22 ) BROOKLYN CENTER ( 48 ) BROOKLYN PARK ( 5 ) CHAMPLIN ( 52 ) CORCORAN ( 54 ) CRYSTAL ( 56 ) DAYTON ( 59 ) DEEPHAVEN ( 61 ) EDEN PRAIRIE ( 24 ) EDINA ( 63 ) EXCELSIOR ( 28 ) GOLDEN VALLEY ( 65 ) GREENFIELD ( 19 ) GREENWOOD ( 67 ) HANOVER ( 3 ) HOPKINS ( 7 ) INDEPENDENCE ( 72 ) LONG LAKE ( 74 ) LORETTO ( 76 ) MAPLE GROVE ( 77 ) MAPLE PLAIN ( 79 ) MEDICINE LAKE ( 8 ) MEDINA ( 1 ) MINNEAPOLIS ( 34 ) MINNETONKA ( 82 ) MINNETONKA BEACH ( 36 ) MINNETRISTA ( 85 ) MOUND ( 86 ) NEW HOPE ( 38 ) ORONO ( 88 ) OSSEO ( 4 ) PLYMOUTH ( 42 ) RICHFIELD ( 44 ) ROBBINSDALE ( 9 ) ROCKFORD ( 92 ) ROGERS ( 26 ) SHOREWOOD ( 17 ) SPRING PARK ( 94 ) ST ANTHONY ( 95 ) ST BONIFACIUS ( 46 ) ST LOUIS PARK ( 97 ) TONKA BAY ( 99 ) WAYZATA ( 15 ) WOODLAND HENNEPIN TOTALS 893 $26,437,9 285 $18,31,5 397 $12,164, 246 $13,416, 15 $13,612,7 222 $5,95, 157 $3,342, 76 $14,416, 55 $93,57,5 724 $227,6,2 46 $9,135,8 43 $49,821,6 51 $4,813, 21 $7,362, 15 $1,293, 219 $24,66, 78 $4,895, 2 $2,159,8 8 $116, 735 $143,834,9 12 $248, 6 $782, 197 $34,872,9 3,47 $881,56,8 499 $18,137,3 11 $3,973, 278 $44,35, 182 $9,455, 124 $23,185, 267 $51,198, 23 $15,551, 1,773 $199,691,3 449 $27,84, 182 $8,56, 1 $2, 222 $38,872,5 156 $13,233, 22 $567, 15 $2,39, 2 $133, 62 $122,758,9 15 $2,32, 125 $74,367, 18 $6,89, 14,55 $2,659,761,6 * Improvement Amounts are for value added due to physical change in the calendar year preceeding the Assessment Year. Run Date: 3/23/216 Page 1 of 1 Page 32 of 51

33 Hennepin County Estimated Market Value 215 Assessment Run Date: 12/3/ Assessment Run Date: 3/21/16 Residential 7.17% Residential 69.27% Other.4% Other.4% Farm.46% Apartment 8.94% Industrial 4.89% Commercial 15.51% Farm.41% Apartment 9.93% Industrial 4.7% Commercial 15.65% Property Type EMV Land EMV Bldg EMV Mach EMV Total Property Type EMV Land EMV Bldg EMV Mach EMV Total Commercial $7,313,956,6 $14,83,246, $ $22,144,22,6 Commercial $7,728,17, $16,115,176,1 $ $23,843,346,1 Industrial $2,895,384,4 $3,886,195,5 $21,541,4 $6,983,121,3 Industrial $2,951,521,8 $4,189,851,4 $2,96,4 $7,162,279,6 Apartment $2,77,1,18 $1,685,575,32 $ $12,762,675,5 Apartment $2,29,377,8 $12,926,946,7 $ $15,136,324,5 Farm $54,234,6 $113,494,2 $ $653,728,8 Farm $51,881,9 $117,816,7 $ $628,698,6 Residential $33,885,38,3 $66,323,983,7 $ $1,29,22, Residential $34,799,977,2 $7,77,97,3 $ $15,57,74,5 Other $36,717,1 $15,592,4 $ $52,39,5 Other $37,792, $16,31,3 $ $54,12,3 Total $46,748,431,18 $95,855,87,12 $21,541,4 $142,85,59,7 Total $48,237,72,7 $14,136,198,5 $2,96,4 $152,394,825,6 *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 33 of 51

34 Hennepin County Taxable Market Value 215 Assessment 216 Assessment Run Date: 12/3/15 Run Date: 3/21/16 Residential 69.14% Residential 68.35% Other.4% Other.4% Farm.47% Apartment 9.25% Industrial 5.6% Commercial 16.5% Farm.42% Apartment 1.23% Industrial 4.84% Commercial 16.12% Property Type TMV Land TMV Bldg TMV Mach TMV Total Property Type TMV Land TMV Bldg TMV Mach TMV Total Commercial $7,313,956,6 $14,83,246, $ $22,144,22,6 Commercial $7,728,17, $16,115,176,1 $ $23,843,346,1 Industrial $3,96,925,8 $3,886,195,5 $21,541,4 $6,983,121,3 Industrial $2,972,428,2 $4,189,851,4 $2,96,4 $7,162,279,6 Apartment $2,76,121,34 $1,681,477,16 $ $12,757,598,41 Apartment $2,28,516,547 $12,922,979,85 $ $15,131,495,632 Farm $537,659,13 $19,521,954 $ $647,181,57 Farm $58,541,319 $114,143,714 $ $622,685,33 Residential $32,49,364,5 $62,91,639,17 $ $95,392,3,22 Residential $33,531,42,454 $67,548,928,439 $ $11,79,97,893 Other $36,717,1 $15,592,4 $ $52,39,5 Other $37,792, $16,31,3 $ $54,12,3 Total $45,551,743,957 $92,424,672,13 $21,541,4 $137,976,416,87 Total $46,986,49,52 $1,97,389,38 $2,96,4 $147,893,879,558 *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 34 of 51

35 Hennepin County Tax Capacity 215 Assessment 216 Assessment Run Date: 12/3/15 Run Date: 3/21/16 Residential 57.31% Other.4% Commercial 25.42% Residential 56.65% Other.4% Commercial 25.51% Farm.3% Industrial 8.1% Farm.28% Industrial 7.66% Apartment 8.91% Apartment 9.87% Property Type Tax Capacity Percentage Property Type Tax Capacity Percentage Commercial $436,741, % Commercial $47,675, % Industrial $137,716, % Industrial $141,31, % Apartment $153,73, % Apartment $182,6, % Farm $5,234,629.3% Farm $5,146,395.28% Residential $984,823, % Residential $1,45,314, % Other $691,7.4% Other $715,22.4% Total $1,718,281,224 1.% Total $1,845,222,265 1.% *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 35 of 51

36 Hennepin County Net Tax Dollars by Property Type 215 Net Taxes 216 Net Taxes Run Date: 12/3/215 Run Date: 3/21/16 Other.5% Other.4% Residential 53.91% Commercial 29.19% Residential 51.7% Commercial 3.34% Farm.27% Apartment 6.5% Industrial 1.54% Farm.23% Apartment 8.13% Industrial 9.57% Property Type County Total Net Taxes Percent Property Type County Total Net Taxes Percent Commercial $736,152, % Commercial $853,558, % Industrial $265,855, % Industrial $269,237, % Apartment $152,511, % Apartment $228,85, % Farm $6,796,29.27% Farm $6,355,34.23% Residential $1,359,735, % Residential $1,454,62, % Other $1,184,485.5% Other $1,61,526.4% Total $2,522,235,363 1.% Total $2,813,665,862 1.% *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until midsummer. Page 36 of 51

37 Hennepin County 1 Year Assessment Data Property Class as Percentage of Tax Base Estimated Market Value Property Type Grouping * Commercial & Industrial 19.18% 2.52% 2.43% 2.29% 2.24% 21.2% 21.3% 2.1% 2.6% 2.35% Apartment 5.82% 5.9% 6.12% 6.17% 6.39% 6.91% 7.3% 7.95% 8.95% 9.93% Residential 74.36% 72.94% 72.86% 72.97% 72.8% 71.5% 71.1% 71.49% 7.47% 69.27% Farm.6%.6%.55%.52%.53%.53%.53%.51%.47%.41% Other.4%.4%.4%.4%.4%.4%.4%.4%.4%.4% Taxable Market Value Property Type Grouping * Commercial & Industrial 19.47% 2.61% 2.47% 2.33% 2.28% 21.99% 22.% 2.78% 2.76% 2.96% Apartment 5.91% 5.93% 6.13% 6.18% 6.4% 7.22% 7.63% 8.26% 9.26% 1.23% Residential 74.1% 72.88% 72.81% 72.92% 72.74% 7.19% 69.78% 7.39% 69.46% 68.35% Farm.48%.54%.55%.53%.53%.55%.55%.52%.48%.42% Other.4%.4%.4%.4%.5%.5%.4%.4%.4%.4% Tax Capacity Property Type Grouping * Commercial & Industrial 31.34% 32.86% 32.65% 32.49% 32.45% 34.69% 34.69% 33.3% 32.95% 33.17% Apartment 5.84% 5.8% 5.98% 6.4% 6.27% 6.96% 7.34% 8.2% 8.96% 9.87% Residential 62.43% 6.91% 6.93% 61.5% 6.87% 57.92% 57.55% 58.56% 57.73% 56.65% Farm.35%.39%.39%.37%.37%.37%.36%.35%.32%.28% Other.4%.4%.5%.5%.5%.5%.5%.4%.4%.4% Years represent assessment years with taxes payable in the following year. *Data is run based on an early snap shot of each corresponding Assessment (typically May of each year). *For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. 216 Data as of: 3/21/16 Page 37 of 51

38 Hennepin County EMV, TMV, TC Percentages 216 Assessment Run Date: 3/21/16 8% EMV 7% TMV TC Percent of County Total Tax Capacity 6% 5% 4% 3% 2% 1% % Commercial Industrial* Apartment Residential Farm Other % % % County County County Property Type EMV TMV TC EMV TMV TC 1 Commercial 15.65% 16.12% 25.51% $23,843,346,1 $23,843,346,1 $47,675,396 2 Industrial* 4.7% 4.84% 7.66% $7,162,279,6 $7,162,279,6 $141,31,977 3 Apartment 9.93% 1.23% 9.87% $15,136,324,5 $15,131,495,632 $182,6,192 4 Residential 69.27% 68.35% 56.65% $15,57,74,5 $11,79,97,893 $1,45,314,85 5 Farm.41%.42%.28% $628,698,6 $622,685,33 $5,146,395 6 Other.4%.4%.4% $54,12,3 $54,12,3 $715,22 Total 1.% 1.% 1.% $152,394,825,6 $147,893,879,558 $1,845,222,265 *For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 38 of 51

39 EMV, TMV & Excluded Value Growth Assessment 216 Assessment Run Date: 3/21/ Hennepin EMV $146,974,773,9 $146,471,258,167 $14,614,997,8 $131,129,865,3 $126,775,43,8 $122,157,693,1 $123,25,336,7 $132,993,741,9 $142,85,59,7 $152,394,825,6 Hennepin EMV Growth 5.69% -.34% -4.% -6.75% -3.32% -3.64% -2.96% 8.1% 7.38% 6.72% Hennepin TMV $144,764,633,45 $145,654,119,357 $14,346,29,53 $13,869,918,78 $121,468,243,34 $116,657,32,115 $117,545,914,39 $128,21,269,563 $137,976,416,87 $147,893,879,558 Henn. Diff. $ (Excl. Value) $2,21,14,495 $817,138,81 $268,968,27 $259,946,52 $5,36,8,766 $5,5,372,985 $5,479,422,391 $4,972,472,337 $4,828,643,613 $4,5,946,42 Henn. Diff. % (Excl. Value) 1.54%.558%.191%.198% 4.186% 4.53% 4.454% 3.739% 3.381% 2.953% Suburban EMV $18,72,524,3 $18,738,193,467 $13,926,43,9 $96,553,653, $93,559,857,5 $89,995,916,4 $9,2,279,7 $97,41,19,8 $12,923,782,5 $18,84,886,3 Suburban EMV Growth 6.2%.2% -4.43% -7.9% -3.1% -3.81% -3.59% 7.58% 6.6% 5.75% Suburban TMV $17,3,146,8 $18,12,421,467 $13,761,664,7 $96,388,682,1 $89,786,843,171 $86,44,29,374 $86,25,668,288 $93,463,731,11 $99,438,378,6 $15,55,677,342 Sub. Diff. $ (Excl. Value) $1,42,377,5 $635,772, $164,739,2 $164,97,9 $3,773,14,329 $3,951,77,26 $3,949,611,412 $3,577,288,69 $3,485,44,44 $3,29,28,958 Sub. Diff. % (Excl. Value) 1.36%.585%.159%.171% 4.33% 4.391% 4.379% 3.686% 3.386% 3.23% Minneapolis EMV $38,254,249,6 $37,733,64,7 $36,688,593,9 $34,576,212,3 $33,215,186,3 $32,161,776,7 $32,825,57, $35,952,722,1 $39,881,277,2 $43,553,939,3 Minneapolis EMV Growth 4.25% -1.36% -2.77% -5.76% -3.94% -3.17% -1.17% 9.53% 1.93% 9.21% Minneapolis TMV $37,464,486,65 $37,551,697,89 $36,584,364,83 $34,481,236,68 $31,681,399,863 $3,613,11,741 $31,295,246,21 $34,557,538,453 $38,538,38,27 $42,343,22,216 Mpls. Diff. $ (Excl. Value) $789,762,995 $181,366,81 $14,229,7 $94,975,62 $1,533,786,437 $1,548,665,959 $1,529,81,979 $1,395,183,647 $1,343,239,173 $1,21,737,84 Mpls. Diff. % (Excl. Value) 2.65%.481%.284%.275% 4.618% 4.815% 4.66% 3.881% 3.368% 2.78% *Note For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 39 of 51

40 Hennepin County Excluded Market Value (i.e. LMV, HMVE, Veterans Exclusion, & TOH) Assessment 216 Assessment Run Date: 3/21/16 Hennepin County Assessed Values Billions Estimated Market Value Taxable Market Value $16 $14 $12 Assessed Value (Dollars) $1 $8 $6 $4 $2 $ Hennepin County Excluded Market Value Billions $6 $5 Excluded Market Value (Dollars) $4 $3 $2 $1 $ Hennepin EMV $146,974,773,9 $146,471,258,167 $14,614,997,8 $131,129,865,3 $126,775,43,8 $122,157,693,1 $123,25,336,7 $132,993,741,9 $152,394,825,6 Hennepin TMV $144,764,633,45 $145,654,119,357 $14,346,29,53 $13,869,918,78 $121,468,243,34 $116,657,32,115 $117,545,914,39 $128,21,269,563 $147,893,879,558 Henn. Diff. $ (Excl. Value) $2,21,14,495 $817,138,81 $268,968,27 $259,946,52 $5,36,8,766 $5,5,372,985 $5,479,422,391 $4,972,472,337 $4,5,946,42 Henn. Diff. % (Excl. Value) 1.54%.558%.191%.198% 4.186% 4.53% 4.454% 3.739% 2.953% *For Utility Properties (Property Type 'U' - which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid-summer. Page 4 of 51

41 Estimated Market Values By Property Type 215 & 216 Assessments Billions $ Assessment 216 Assessment $125 Estimated Market Value $1 $75 $5 $25 $ Property Type Run Date: 12/3/15 Run Date: 3/21/ Assessment 216 Assessment Property Type EMV County Total EMV County Total Commercial $22,144,22,6 $23,843,346,1 Industrial $6,983,121,3 $7,162,279,6 Apartment $12,762,675,5 $15,136,324,5 Residential $1,29,22, $15,57,74,5 Farm $653,728,8 $628,698,6 Other $52,39,5 $54,12,3 Total $142,85,59,7 $152,394,825,6 *For Utility Properties (Property Type 'U' which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid summer. Page 41 of 51

42 Taxable Market Values By Property Type 215 & 216 Assessments Billions $ Assessment $ Assessment $12 Taxable Market Value $1 $8 $6 $4 $2 $ Property Type Run Date: 12/3/15 Run Date: 3/21/ Assessment 216 Assessment Property Type TMV County Total TMV County Total Commercial $22,144,22,6 $23,843,346,1 Industrial $6,983,121,3 $7,162,279,6 Apartment $12,757,598,41 $15,131,495,632 Residential $95,392,3,22 $11,79,97,893 Farm $647,181,57 $622,685,33 Other $52,39,5 $54,12,3 Total $137,976,416,87 $147,893,879,558 *For Utility Properties (Property Type 'U' which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid summer. Page 42 of 51

43 Tax Capacity By Property Type 215 & 216 Assessments Millions $1,6 $1,4 $1,2 215 Assessment 216 Assessment Tax Capacity $1, $8 $6 $4 $2 $ Property Type Run Date: 12/3/15 Run Date: 3/21/ Assessment 216 Assessment Property Type TC County Total TC County Total Commercial $436,741,614 $47,675,396 Industrial $137,716,495 $141,31,977 Apartment $153,73,944 $182,6,192 Residential $984,823,472 $1,45,314,85 Farm $5,234,629 $5,146,395 Other $691,7 $715,22 Total $1,718,281,224 $1,845,222,265 *For Utility Properties (Property Type 'U' which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid summer. Page 43 of 51

44 Tax Capacity Distribution 216 Assessment Run Date: 3/21/16 Tax Capacity Millions $1,8 $1,6 $1,4 $1,2 $1, $8 $6 $4 Commercial Industrial Apartment Residential Farm Other Total $2 $ County Suburban Minneapolis Groups Tax Capacity Property Type County Suburban Minneapolis Commercial $47,675,396 $32,682,869 $167,992,527 Industrial $141,31,977 $118,29,77 $23,2,27 Apartment $182,6,192 $96,182,79 $85,877,483 Residential $1,45,314,85 $781,628,218 $263,685,867 Farm $5,146,395 $5,129,68 $16,787 Other $715,22 $442,34 $272,88 Total $1,845,222,265 $1,34,356,514 $54,865,751 *For Utility Properties (Property Type 'U' which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid summer. Page 44 of 51

45 Hennepin County Net Tax Percent by Property Type 216 Net Taxes Run Date: 12/3/15 1% 9% 8% Commercial 7% Industrial Net Tax Percentage 6% 5% 4% Apartment Residential Farm Other Total 3% 2% 1% 35.17% 17.3% 48.9% 26.77%.33% 36.85% 3.16% 64.83% 82.7% 51.1% 73.23% 99.67% 63.15% 69.84% % Minneapolis Property Type by Area Suburban Property Type Minneapolis Suburban Hennepin Totals Commercial $3,25, % $553,352, % $853,558,582 Industrial $46,581, % $222,656, % $269,237,365 Apartment $111,93, % $116,947, % $228,85,78 Residential $389,435, % $1,65,166, % $1,454,62,377 Farm $2,92.33% $6,334, % $6,355,34 Other $391, % $67, % $1,61,526 Total $848,537, % $1,965,127, % $2,813,665,862 *For Utility Properties (Property Type 'U' which for this report is included with the Industrial property type category), Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until mid summer. Page 45 of 51

46 , ' 93-15' B Printed on Recycled Paper Unorganized territory Land area in square miles East/west width in miles County seat Water area in square miles Lowest elevation above sea level County established h Minneapolis C D E H Lane le The Landing ap P 99th Ave. N. F P P P P P So P est uthw Gr ove kwy. P LRT Creek H P Page 46 of 51 G Oak Oxbow H P ay tw A Number of lakes Highest elevation above sea level Number of cities Total area in square miles North/south length in miles Latitude (at Minneapolis) Longitude (at Minneapolis) Facts about Hennepin County H rs Ma Little an Eastm M H ve Gro P G nsi 6 Orchid Ave. P F ra ut The county seat is located in Minneapolis, with the Hennepin County Government Center located at 3 S. Sixth St. For more information about how to obtain further copies of this map, please visit www. hennepin.us/bikemap. kwy. y. N. Pkw Hennepin County is actively involved in providing an integrated transportation network for the region, whether it s planning light rail lines or overseeing the construction of roads and bridges, we care about helping you get where you re headed. t Upland January 213 Fran JuneauLa. Hennepin County, Minnesota E Road r kfo 1 D Memorial H H H P P Anoka County Patrol Station Parkway H P North Mississippi Regional Park Mpls Park and Recreation Headquarters C P P H H N H I I LRT 149 S 2 inea u Transitway I6 D8 H8 F9 P H Terminal 2 Humphrey H Miles Kilometers 1 Diffley Road Terminal 1 Lindbergh Huron SEE INSET AT RIGHT Silverwood Park Park Entrance Major Park and Ride Emergency Hospital ral P Cent 1 2 rrid or 2 3 P J 12 P H Hennepin County 5 Minnesota Co 3 City Hall/County Library/County Service Center Wildlife & Recreation Area 1 est thw Sou Bott LRT C L INTERCHANGE STATION P H U.S. POST OFFICE Downtown Minneapolis Learn who serves your community: Mike Opat, 1st District Linda Higgins, 2nd District Gail Dorfman, 3rd District Peter McLaughlin, 4th District Randy Johnson, 5th District Jan Callison, 6th District Jeff Johnson, 7th District 1,163,6 ar thst MALL OF AMERICA FIELD Nor Com il Ce nt r LRT Trail Pending ral Co rrido GUTHRIE THEATER er Ra mut Pending Construction Existing Off-road Bicycle Trail Pictured right: Hennepin County Library Minneapolis Central The Hennepin County Board of Commissioners TARGET FIELD Total 371 4, ,873 5, ,45 9,84 2,486 7,438 2,43 71,263 35,376 14, ,314 5,193 2,287 45,55 7,312 1,686 1,477 3, Hennepin County Service Centers H8 F6 I7 F4 I6 H4 H U OF M RIVERSIDE Pending Construction Existing On-road Bicycle Trail H Trail Open Fall 213 Brookdale Service Center 6125 Shingle Creek Parkway, Brooklyn Center Hennepin County Government Center 3 S. 6th St., Downtown Minneapolis Maple Grove Service Center 9325 Upland Lane N, Maple Grove Midtown Exchange Service Center 2929 Chicago Ave. S., South Minneapolis Ridgedale Service Center 1261 Ridgedale Drive at Plymouth Road, Minnetonka Southdale Service Center 79 York Ave. S., Edina INT ER TCF TRA BANK STADIU St. Anthony, Pentagon Drive, Mpls St. Bonifacius, Kennedy Memorial Dr. St. Louis Park, Library Lane Sumner, Van White Mem. Blvd., Mpls Walker Closed for construction opens summer 214 Washburn, Lyndale Ave. S., Mpls Wayzata, Rice St. (City Hall) Webber Park, Webber Pkwy., Mpls Westonka, Commerce Blvd., Mound For general information call S I5 Oxboro, Portland Ave. S., A8 Penn Lake, Penn Ave. S., Bloomington Pierre Bottineau, G7 55 Broadway St. NE, Mpls H6 Plymouth, th Ave. N. Ridgedale, H Ridgedale Drive, Minnetonka Rockford Road, H nd Ave. N., Crystal Rogers, E6 213 John Milless Dr. Roosevelt I5 Closed for construction opens summer 213 C7 Southdale, York Ave. S., Edina Southeast, th St. SE, Mpls 211 Population* Medicine Lake Medina Minneapolis Minnetonka Minnetonka Beach Minnetrista Mound New Hope Orono Osseo Plymouth Richfield Robbinsdale Rockford (part) Rogers* Saint Anthony (part) Saint Bonifacius Saint Louis Park Shorewood Spring Park Tonka Bay Wayzata Woodland Municipality I6 H8 I7 D2 G5 F6 F5 I6 H9 I9 The Twins ballpark sales tax, approved in 26, funds the Hennepin Youth Sports Program and additional hours at 15 Hennepin County Library locations. Up to $4 million annually is dedicated between the programs. benefits beyond the sports field Twins Ballpark Sales Tax F6 D5 H6 F7 D5 B7 C7 G5 D7 G3 F6 H8 H5 B4 D2 I5 A8 G7 D8 C7 D8 E6 E7 Index Hosmer, E. 36th St., Mpls Linden Hills, W. 43rd St., Mpls Long Lake, Wayzata Blvd. Maple Grove, Elm Creek Blvd. Maple Plain, Main St. E. Central, Nicollet Mall, Mpls Minnetonka, Excelsior Blvd. Nokomis, th Ave. S., Mpls North Regional, Lowry Ave. N., Mpls Northeast, Central Ave. NE, Mpls Osseo, Central Ave. ** unorganized territory 83,671 3,24 76,238 23,223 5,39 22,168 4,689 3,643 61,151 48,262 2, ,427 2, ,71 3,553 1, ,436 1, Population* Municipalities Bloomington Brooklyn Center Brooklyn Park Champlin Chanhassen (part) Corcoran Crystal Dayton Deephaven Eden Prairie Edina Excelsior Fort Snelling** Golden Valley Greenfield Greenwood Hanover (part) Hopkins Independence Long Lake Loretto Maple Grove Maple Plain *Metropolitan Council H9 H4 G4 G2 E9 G2 G5 E2 E7 E9 G8 D8 I8 G6 B4 D7 C3 F7 B6 D6 C5 E3 C6 G3 I5 H5 I8 E8 I6 C6 F3 D6 H7 I7 Hennepin County Libraries Augsburg Park, Nicollet Ave., Richfield Brookdale, Shingle Creek Pkwy., Brooklyn Center Brooklyn Park, Zane Ave. N. Champlin, Ensign Ave. N. East Lake, E. Lake St., Mpls Eden Prairie, Prairie Center Drive Edina, Grandview Square Excelsior, Third St. Franklin, E. Franklin Ave., Mpls Golden Valley, Winnetka Ave. N. Hopkins, th Ave. N. Index Municipality F7 L G2 G3 I7 Regional or County Park C 1 H4 H8 G6 4 J Great River Road HCRRA Corridor Commuter Rail and Station LRT Line and Station Proposed LRT Line Proposed Highway / County Road Municipal Road County Road State or U.S. Highway State or U.S. Expressway Interstate Highway S.E. B ea Victory ttin Av e. Bo th A 15 d Pk n Huro. Blvd woo ve Mpls Park and Recreation Board Oak Dri e ng ha rc te e In Th wy. P

47 Hennepin County Fact Sheet Hennepin County - Fast Facts Hennepin County Public Affairs 9/213 Media contacts Carolyn Marinan, Public Affairs Website Fast facts» Hennepin County has 1.2 million residents approximately 22 percent of the population of Minnesota.» Approximately 44 percent of the county s budget goes for health and human services.» Approximately 41.5 percent of the county s annual budget is supported by property taxes.» Hennepin is home to one-third of the state s jobs and approximately 42, businesses. Basic stats Hennepin is the 33rd largest county in the U.S. by population. Largest of Minnesota s 87 counties in population, budget and estimated property value. 611 square miles; more than 1 lakes; 45 cities, one unorganized territory (Fort Snelling) and the Metropolitan Airport. 1.2 million residents approximately 22 percent of the population of Minnesota and 41 percent of the metropolitan population. Approximately one-third of Hennepin residents live in Minneapolis, the county seat. Median family income: $61,387 Median age: 38 Ninety-two percent of residents 25 and older are high school graduates one of the highest graduation rates in the nation. Forty-three percent have a bachelor s degree or higher. Racially and ethnically diverse approximately 4 percent of the state s non-white and foreign-born populations live in Hennepin. Home to one-third of the state s jobs; 11 Fortune 5 companies; and approximately 42, businesses, including many of Minnesota s largest employers Allina Health System, Best Buy, Cargill, Carlson Companies, General Mills, Mall of America, Medtronic, Super Valu, United Health Group, University of Minnesota, US Bank and Target Corporation Median single-family home residential market value: $215, Governance Governed by a seven-member Board of Commissioners, elected by district for staggered four-year terms. Each commissioner represents a district of more than 16, residents. The county attorney and sheriff also are elected; the county administrator is appointed by the board. Approximately 7,4 full-time employees. $1.6-billion 212 budget. About 44 percent of the budget goes for health and human services, including uncompensated care at Hennepin County Medical Center and services for vulnerable populations, including veterans, seniors and people who are disabled. Hennepin is the state s largest provider of care to indigent and vulnerable populations. Health 15.4 % General Government 2.2 % Public Works 7.7 % Libraries 4.5 % Capital Improvements 7.6 % Public Safety 16.2 % Human Services 28.4 % Expenditures continues on back Page 47 of 51

48 Hennepin County - Fast Facts Media images For high-resolution versions of these or other county images please call HCMC Emergency Medical Services Hennepin County Library - Minneapolis Central Approximately 41.5 percent of the county s annual budget is supported by property taxes. The rest comes from federal and state dollars, fees for services and licenses, and other sources. Highlights Hennepin is considered one of the nation s best-managed counties, with a triple-a credit rating from all three rating agencies. State 11.4 % Federal 1.3 % Fees & Services 7.3 % Federal & State Patient Care 12. % Other 17.5 % Revenue Property Tax 41.5 % The county has maintained this rating for more than 3 years, reflecting strong financial and operational stability. The top rating also keeps the cost of financing capital projects as low as possible a substantial savings to taxpayers. Hennepin County Medical Center, one of the nation s premier public teaching and research hospitals and a Level One Adult and Pediatric Trauma Center, is repeatedly ranked as one of America s best hospitals by U.S. News and World Report. HCMC exceeded 49, inpatient and outpatient visits in 21 and has the most active emergency department in Minnesota, with 96, emergency cases and 58, ambulance runs a year. Approximately one-third of medical residents and students in Minnesota received all or part of their medical education and training at HCMC last year. HCMC operates as a subsidiary under the auspices of the County Board, with operational governance by Hennepin Healthcare System Inc., a public corporation. Hennepin County Library is recognized as one of the top libraries in the United States. The 41-library system offers more than 5 million books, CDs, DVDs, electronic resources and other items in more than 4 languages, and has 1,695 computers available to the public. In 211 there were an estimated 5.8 million in-person visits and almost 21.4 million visits to the library website. Hennepin responds to more than 15, child abuse calls a year; collects more than $112 million a year for child support for more than 73, children; and provides social services to nearly one in four county residents. Hennepin is a nationally recognized leader in environmental protection, including a robust Green Government program that includes waste reduction, recycling, environmentally preferable purchasing, green building design and energy conservation. As a founding member of Cool Counties, Hennepin has committed to an 8-percent reduction of greenhouse gas emissions from county operations by 25. Hennepin has one of the highest recycling rates in the nation. Approximately 41 percent of county residential and commercial waste is recycled or composted, and about one-third is processed in the county s waste-to-energy facility, which processes 365, tons of waste a year. The Sheriff s Office serves all cities in the county, providing 24-hour emergency dispatch for 19 area fire departments and 23 law enforcement agencies in 36 communities. Last year dispatch processed more than 594,919 phone calls, including 228,355 emergency calls to 911. Hennepin operates the largest local corrections system in the state approximately 36,7 adult and juvenile offenders under supervision (on probation or in correctional facilities). Hennepin maintains more than 2,1 lane miles of roadways and 145 bridges. Hennepin Taxpayer Services manages six service centers (licenses, birth certificates, passports, etc.), which conducted more than 1 million transactions last year; and oversees elections for approximately 7, registered voters. Hennepin County Public Records manages a library of more than 14 million documents and 184, certificates of title, with approximately 24, documents recorded last year. Page 48 of 51