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Assessment Report 217 Hennepin County Assessor s Office James Atchison, County Assessor, CAE, SAMA

217 TABLE OF CONTENTS Last modified (4-17-17) Table of Contents....3 Introduction and Overview of the 216 Assessment (2 pages)........4 Hennepin County Cumulative Growth by Munic and Property Type (7 pages)....6 Hennepin County Percent Change Growth by Property Type Chart...13 Suburban Hennepin Percent Change Growth by Property Type Chart....14 Suburban Hennepin Mean and Median Sales Ratios.....15 Hennepin County Single Family Residential Median Estimated Market Values by Munic..16 Hennepin County Single Family Residential Median Estimated Market Values Line Graph...17 Hennepin County Mean and Median Single Family Residential Sales Price...18 Hennepin County CRV (Certificate of Real Estate Value) Counts by Calendar Year...19 Hennepin County Munic Totals and Parcel Counts (3 pages)...2 Hennepin County Two-Year Munic Tax Capacities by Property Type Groupings (6 pages)....23 Hennepin County Valuation Comparison (DK99SS93)...29 Hennepin County Assessment Valuation Info Value Exclusions (DK99SS93-A2)...3 Hennepin County New Construction Report by Munic..... 31 Hennepin County Ten-Year History of Property Class as a Percentage of Tax Base....32 EMV, TMV & Excluded Value Growth.. 33 Hennepin County Map...34 Glossary of Assessment Terms (4 Pages).. 35 Page 3 of 38

The 217 Hennepin County Annual Assessment is a statistical and graphical representation of market value changes occurring since the 216 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: http://www.hennepin.us/propertytaxassessment Overview of the 217 Assessment The 217 assessment marks the fourth year that the overall trend indicates meaningful increasing market valuations since the peak in 27 and subsequent decline until 213. Overall, estimated market values grew 7.2% in Hennepin County, going from $152.4 billion for the 216 assessment to $163.4 billion for 217 assessment. This $11 billion dollar increase in market value includes $1.9 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 217 Assessment. RESIDENTIAL Single Family Detached For the 217 assessment, this sub-set of properties increased by 6.5%. Minneapolis saw a higher increase of 7.6%, while detached single-family homes in suburban Hennepin increased 6.2%. 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 218 assessment. CONDOMINIUM Individual unit value changes will vary by complex and unit type. The average increase across the county was 9.2%. The total value of residential condos in Minneapolis is $4.6 billion and $5.2 billion in suburban Hennepin. Values of condos in Minneapolis increased 7.8%, while market values in suburban Hennepin increased 1.5%. Hennepin County Assessor s Office Page 4 of 38

TOWNHOUSES The estimated market value on townhouse properties increased 6.8% county-wide. The Minneapolis townhouse market, which makes up less than 6% of the total townhome population of Hennepin County, saw an increase of 5.%. Townhouses in suburban Hennepin experienced an increase of 6.9%. APARTMENTS For the 217 assessment, the overall apartment market in the county continues to increase at a robust rate of 13.6% county-wide. The market value increases of apartment properties is more balanced this year, with similar increases across the suburbs of 12.9% and the city of Minneapolis at 14.4%. These significant value increases continue to be consistent across all apartment properties regardless of age, location, unit mix, etc. This marks the 6 th consecutive year of year over year increases. COMMERCIAL AND INDUSTRIAL County-wide, commercial and industrial properties improved with a 7.1% increase. Commercial property values increased 6.8%, while industrial property values increased 8.1%. In breaking down the suburban Hennepin market, commercial values were up 4.7%, while industrial values increased 8.%. Suburban Hennepin commercial and industrial properties combined values increased 5.7%. In Minneapolis, commercial values increased 1.7%, with the industrial market increasing 8.5%. The Minneapolis CI market had a combined increase of 1.5%. 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 state-assessed 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. The mission of the Hennepin County Assessor s Office is to value and classify property, uniformly, and accurately. Page 5 of 38

HENNEPIN COUNTY CUMULATIVE GROWTH - 3/27/217 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT** 28 29 21 211 212 213 214 215 216 217 5 YEAR 1 YEAR TOTAL TOTAL BLOOMINGTON A.7 -.6-6. 1.1 3.2 2.5 4.2 8.1 14.1 8.7 43.2% 4.6% C 5.8-5.3-9.1 -.1 5.2 -.8 1.4 8.9 2.1 1.9 14.% 9.1% F 5.5..... 5.8-9.4 37.2 14.2-84.1% -83.2% I 3.1-5.1-6.3-1.3-1.9-2. -1.3 2. 2.8 4.6 6.1% -5.9% R -2.8-5.7-5.6-3.6-6.4-2.9 8.7 6. 2.6 6.5 22.3% -4.5% X -3.6-7.5-1.2-4.1-8.1-5.3 5. 12.1 9. 9.5 33.% -6.1% Y -3.5-6.9-7.2-4.8-7.5.4 4.7 5.3 5.7 6.5 24.6% -8.5% BROOKLYN A.5-1.1-6.5.5 -.7 -.6 6.1 5.6 13.8 1.5 4.% 3.% CENTER C 8.8.1-8.9-3.6 1.8.4-1.2-1.1 2.1 2.4 2.6% -.2% I 1.1-1.8-1.2-5.1-1.3 -.1-3.1 5. 5.1 5.9 13.1% 2.9% R -8.3-12.4-11.7-2.9-11.9-3.9 14.8 8.4 4.5 1.8 38.5% -16.% X -13.6-28. -15.8-4.4-5.5-35.4 28.9 28.6 7.1 6.2 21.8% -42.4% Y -1.8-11.7-15.5-6.7-2.1-4.4 11. 11.9 8.9 17.7 52.2% -24.5% BROOKLYN A.5 3.4-2.8-3.7.3-2.3 11.5 13.4 18.6 6.2 55.6% 51.8% PARK C 2.3 1.3-6.8-6.1-1.2-5.7.1 4.3.8 3.7 2.9% -7.8% F -.8-4.9-21.8-8.1-5.3-7.4 1.9 2.6-1.9 4.1-1.1% -36.5% I 1.1 2.3-5.5-4. -.3-2.7 -.3 3.4.8 4.9 6.1% -.8% R -4. -1.2-11.6-5.2-5.3 -.1 1.7 5.1 4.2 9.3 32.4% -9.4% X -8.3-1.8-21.4-7.3-15.4-2.2 5.9 1.1 7.7 13.8 39.8% -29.5% Y -4.6-9.2-12.3-8.1-7.8-3. 1.7 8.9 5.7 1.5 36.6% -12.1% CHAMPLIN A 3.2 -.7-11. -.2. 1. 4.9 1.4 19.2 7.7 63.5% 48.9% C 3.6-5.8-8. -8.7 -.9-1.1.3 2. 4. 3.7 9.1% -11.4% F 3.6 12.4-8.7-7. -8.3.. 1.1-2.3 4.9 3.6% -6.1% I. -12. -8.5-12.7.7. 1.9 5.3 4.4 7.2 2.1% -15.% R -3.4-6.1-8.2-4.8-7.5-2. 8.8 2.2 6. 7.3 23.9% -9.1% X -6.7-8.1-8.9-12.6-16.4 3.7 16.7 3.1 9.3 8.7 48.2% -15.4% Y -3.1-9.2-8.7-7.2-12.2 2.2 12.3 1. 8.5 6.4 33.8% -12.4% CHANHASSEN C -5.7-13.7-5.8. -3.. -4.3-3.9 2.4 1.8-4.1% -28.7% I -3. -9.4-5.3. -5.5-2.3 5. 1.8 2.7 4.2 11.8% -12.1% CORCORAN C 6.3 -.2-1.9-6.9-4.9 -.5.1-1.4 2. 9.2 9.4% -8.5% F 4.6-4.5-1.3 -.9.8 1.2 14. -1.2-5.4 -.4 16.9% 4.7% I 5.1.1-14. -9.9-4.4.2..7 2.8 11.4 15.6% -1.% R.2-7.6-7.7-3.6-9.1-7.8 16.8 2.9 4. 5.1 21.1% -9.3% X 14.8. -5.1. -5. 2.9 13.1. 6.9 3.8 29.1% 33.7% CRYSTAL A -.4-1.3-7. -.1 -.6 1.7 2.5 12. 15. 8.6 45.8% 32.4% C -.7-5.2-5. -1. -3.1-2.7 -.4 1.4 2.6 7.2 8.1% -7.3% I -.7-5.5-4.4. -4.2-5.7-2.6 6.1.3 12.1 9.6% -5.9% R -4.9-8. -1.3-3.1-12.2 -.5 13.5 2. 7.8 8.6 34.9% -1.% X -12.7-13.1-7.5-7.7-24.6-14.9 5.7 14.9 11.1 18.9 36.5% -33.3% Y -9.7-8.2-9.5-2.7-15.4 5.2 9.2 6.4 4.5 1.9 3.2% -19.6% 1 of 7 Page 6 of 38

HENNEPIN COUNTY CUMULATIVE GROWTH - 3/27/217 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT** 28 29 21 211 212 213 214 215 216 217 5 YEAR 1 YEAR TOTAL TOTAL DAYTON A.. -1.8-2... 2.5 6. 2.3 8.1 2.2% 5.% C 1.6-1.7-7. -1.1-4.4 -.8 11.7-4.8 -.3 5.9 11.4% -2.2% F 16. -.4-5.8-4.3-1. 6.1 13.1 3.9 -.8 5.3 3.2% 22.1% I 1.7-5. -9.1-7. -1.5-1.2-1.1 4.7.9 3.1 6.4% -14.4% R -1.6-2. -6.4-6.3-13.2-2.8 9.3 1.7 4.9 6.9 21.2% -11.% DEEPHAVEN C -5.3 2.6-4.6-3.6-6.3... 3.9 6.6 1.8% -7.2% R -3.4-5. -7.5-3. -4.9-1.1 1.4 8.4 3.1 2.8 25.4% -1.8% Y -4. -3.7. -5.2-5.2 14.9 2.7 3.3-4.4 1.5% -3.2% EDEN A.4-4.9-6.8 1.8 7.8 13.1 5. 6.6 1.1 1.8 54.4% 5.9% PRAIRIE C 1.7-2.3-6.5-1.9 1..8 -.8 2.5.7 1.2 4.4% -3.9% F 3.3 3.5.8.8 1.6 2.6 3.8.1-2.4-1.1 2.9% 13.6% I.6-1.9-5.4-1.7-3.6-1.1-1.8 4.7 4.1 5.7 11.9% -1.% R -1. -4.8-6.3-3.4-4.4.1 4.8 4.8.1 3. 13.4% -7.5% X -3.4-8.3-8.4-4.8-8.7-4.1 1.9 6.3 4.4 7.7 27.1% -1.3% Y -2.6-6.6-8.8-4. -4.5-1.1 6.9 5.8 2.3 4.5 19.6% -9.% EDINA A -.9-1.9-5.. -1.9 1.7 3.7 15.9 16.9 1.3 57.6% 42.9% C 4.8.5-8.1-1.1.3 2.2 8.9 8.8 5.5 3.9 32.7% 27.4% I 4. 3. -2.7. -5.2 -.3 2.5 5.1 7.3 8.5 25.% 23.5% R -1. -1.9-5.1-2.7-3.5. 7.7 2.5 1. 3.9 15.8%.2% X -5.9-11. -6.7-5.5-9. -2.3 7.7 8.1 5.4 8.9 3.6% -12.3% Y -1.8-6.1-4.3-3.9-7.2-1. 5.6 2.4 5.1 5.1 18.3% -7.% EXCELSIOR A. -.7-11.5-3. -.2 3.3 1.3 1.4 8.2 8.5 35.6% 15.4% C 2.4-2.5-14.8. 4.9.8 5.7 6.9 5.3 6. 27.1% 13.5% I 2.. -8.4... 6.1... 6.1% -.9% R -3.2-4. -7.4-3.3-4.4 1.1 2.6 8.2 4.2 11.1 52.7% 21.5% X -3.5 -.9-6.8 1.7-15.9-2.3 12.7 16.4 3.1 3.3 36.5% 4.1% Y -.1-5.8-6.1 -.7-2.1-1. 11.1 22.3 1.7-1.6 34.6% -5.6% GOLDEN A.9. -6.9...5 1.5 13.1 14.2 6.9 53.3% 44.% VALLEY C 3.8-8.7-9.1-1.9.3 1.3.9 1. 5.1. 18.2%.1% I 9. -7.3-9.1 -.5-2. -.3 -.3 3.3 7.6 3.2 14.% 2.2% R -1.6-2.9-7.8-3. -4.9-2. 9.5 1.4 2.1 7.6 19.5% -2.9% X -3.2-6.1-14.2-4.2-3.6-2.5 7.9 5. 4.7 3. 19.1% -14.2% Y -1.1-6.9-5.2-4.4-1.3-2.7 2.5 8.1 3.7 13.4 26.8% -5.1% GREENFIELD C 7.8-2. -9.1-2.1-1.2-5.7-1.4 -.8.1 1.9-5.9% -12.6% F 3. -.3-8.1-4.7-5.9 9.9 9.2.7-4.1 1.7 17.9% -.3% I. -4. -13.. 1..5.1.8.7 2.3 4.5% -4.% R -2.4-4.6-11.9-8.4-3.7-6.3 6. 3.9 7.5 5. 16.5% -15.7% Y -19.7-7.2-15.4. -12.8 1.5 1. 8.1 8. 11.9 58.8% -12.7% 2 of 7 Page 7 of 38

HENNEPIN COUNTY CUMULATIVE GROWTH - 3/27/217 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT** 28 29 21 211 212 213 214 215 216 217 5 YEAR 1 YEAR TOTAL TOTAL GREENWOOD A.. -22.2..7 -.7.8 1.3 6.9 17.1 26.9% -.6% C.8-1.8-5.4-2.7 -.8-3.2 -.8 3.2 22.5 6.4 29.2% 16.8% R -.5-3.8-7.7-5.3-2.9-5.2 1.9 2.5 6.8 14. 31.2% 6.6% X. 4.1-6.7-3.9 3.3-4.6 26.6 13.2 5.5 11.4 6.7% 54.9% HANOVER C 16.1 6..... 2.1.. 3.8 6.% 3.4% F -11.9-1.5-8.7-16.5-27.6-2.6 4.3 2.1.7 2.1 6.6% -53.6% I 4.7-14.6-1.7-19.3-22..... 2.6 2.6% -43.2% R -4.1-9.4-12. -.8-4.1-6.6 3.3 8.8 2.9 9.2 18.% -14.2% Y -5. -1.1-21.9-17.8-2.4-3.8 5.3 43.5 -.8 8.2 56.% -31.9% HOPKINS A -.2 4.9-6.2..7 4.6.4 11.7 11.1 7.6 4.2% 38.7% C 2.3 1.3-9.8 -.8.6 -.7 5.6 3.6 3.1 2. 14.2% 6.6% I 4.9 -.1-1.7.9 -.2 -.2 1.8 1.9 4.7 3.3 12.% 5.6% R -1.6-3.3-6.2-3.2-5.2-4.1 13.7-1.5 5. 4.9 18.3% -3.1% X -5. -7.8-12.2-13.7-27. 1.7 17.6 15.3 2.1 8.2 52.3% -26.2% Y -3.3-6.7-12.7-5.4-8.1-1.4 7.9 1.3 6.2 12. 39.6% -4.4% INDEPENDENCE C 8.9 2. -1.8-1.4-2.6.. -6.4-1.3 2.3-5.5% -1.1% F 1.9-3.6-8.4-1.9 1.3 12.6 3.3-1. -1.6 1.6 15.1% 2.9% I 17. -2.4-16.5.. -1.3 -.6-5.6. 4. -3.7% -8.1% R -4. -8.7-8.5-7.1-2.6-3.3 4.8.5 5.3 4. 11.5% -19.1% X.. -.1. -11.5. 23.3. 8.7 18.6% 18.5% LONG A. -2.6-5.1 -.1.1 5.7 1. 2.8 13.8. 24.9% 15.5% LAKE C -.5-2.3-6.7-15.9-11.8 -.7.7.4 3.4 3.6 7.5% -27.7% I.4-1.6-6.4-19.4-4.6 -.5.9. 3.7 15.4 2.1% -14.6% R -3.8-3.3-1.3-9.8 1.3-2.7 5. -.3 1.2 5.8 18.8% -.3% X -1.1-2.9. -2.2-6. -4.1 7.4.7-1.9 7.2 9.1% -21.5% Y. -4.6-1.2-2.7-14.9.6 4.8 4.9 2.9 12.3 27.8% -.3% LORETTO A.. -11.7... -.7 2.2 2. 9.4 13.2%.% C 1.1-5.4-14.1-2.. 1.4 -.6. 3.9 4.9 9.9% -11.5% F -5.5-3.8-1.5 -.3-17.8 15.5.6-6. 2.6 35.5 51.8% 1.3% I.5-5.5-13.3...... 7.4 7.4% -11.5% R -11.6-6. -7.6 -.6-11.2 7.7 5.2 6.4 1.9 1.1 35.2% -8.3% Y -5.3-1.9-17. -.9-7.8-5.9 11.7 3.5 3.1 13.9 27.8% -18.3% MAPLE A.6.5-6.5 -.6 6.1 3.2 11.7 7.4 9.6 1.2 49.5% 49.% GROVE C 1.4-6.1-4.1-3.4-5.9. 1.3. -.6 2.5 3.2% -14.3% F 11.2-17.3-14.7-7.2-1.1-17.6 3.2 3.4 3.1 35. 22.4% -19.9% I 2.6-6.6-1.1-6.2-11.3 -.7 1.2 1.5.1 5.5 7.7% -15.1% R -3. -5.4-5.9-3.5-6.5.5 7.7 3. 1.9 4. 18.1% -8.% X -4.9-5.3-8.9-4.5-9.4-1.4 9.5 8.5 5.3 8.4 33.7% -5.1% Y -4.3-5.6-7.3-4.9-11.8-1.5 13.6 2.3 8.1 5.5 3.5% -8.3% 3 of 7 Page 8 of 38

HENNEPIN COUNTY CUMULATIVE GROWTH - 3/27/217 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT** 28 29 21 211 212 213 214 215 216 217 5 YEAR 1 YEAR TOTAL TOTAL MAPLE A.. -6. -.2 -.3.5 1.7 2.6 2.9 9.8 18.5% 1.8% PLAIN C 2. -1.5-15.2-6. -13. -2..2 4.5 1. 3. 6.8% -25.7% I 3.1. -14.5-5.7-14.3 -.4.5 5.1.1 8.5 14.3% -18.6% R -.8-4.2-11. -6.4-1.9 9.8.1 8.1 5. 4.7 3.6% -7.9% X.. -1. -4.4-9.9.. 9.. 19.6 3.4% 1.1% MEDICINE A. -3. -5. -9.8-19.3 8.9 1.5. 3.9. 25.% -16.2% LAKE C 1.7-1.8-11. -.7.....6 6.2 6.8% -14.4% R.9-2.9-7. -4.7-13.9 2.3 1.8-2.3 12.8.7 25.8% -6.% MEDINA A. -18.1-12.1-2.... 4.5 3.2 9.3 17.9% -16.9% C 11.6-6. -7.4-5.6 -.5 -.6 -.1 -.2 3.2 4.5 6.9% -2.5% F 6.6.4-3.8-7.8 1.5.5 3.5 6.2.2.8 11.6% 7.5% I 6.3-4.3-6.2-4.1. -6.1. 1.6 2.9 8.8 6.8% -2.3% R -1.6-3. -8.1-5.6-6.3 1.6 3. 3.7 3.4 1.9 14.3% -11.3% X. -15. -11.6 -.1-13.2 11.1 1.1 1. 8.2-7.3 23.9% -19.3% Y 9.3-5. -8.7-1.3-11.6-3.2 1.8.4 5.5 6.2 1.8% -8.3% MINNEAPOLIS A. -.1-8.2-2.4 -.3 2.5 1.9 16.1 11.1 9.2 6.1% 42.9% C..6-8.9-4.1 -.2 2.9 3.6 8.9 7.6 8.9 36.% 19.3% I. 2.4-6.1-6.6-5.7 -.1 1.6 5.3 5.4 6.6 2.1% 1.7% R. -2.6-3.4-3.5-4.8 -.2 7.7 4. 6.1 6.8 26.7% 9.5% X. -4.7-6.8-2.5-6.5.9 8.8 8.5 6.1 7.8 36.2% 1.3% Y. -3.9-5.8-8.4-7.3.4 3. 1.5 5.6 4.7 26.3% -2.9% MINNETONKA A.6 -.2-4.4 2.1 11.3 4.3 7.6 7.5 11.4 14. 53.2% 67.1% C 4.3-3.5-3.6..2.5 3.8 6.6.1 1.1 12.5% 9.4% F.. 5.7 -.4 -.4-1.6 -.1 1.3-53.1. -49.1% -46.7% I 3.1 -.6-1.8-1.4-1.3.8 3.5.1 1. 7.4 13.3% 1.9% R -1.8-4.5-6.7-2.3-3.8-1.2 5.9 4.6 1.6 2.1 13.5% -6.6% X -4.6-9.6-9.7-6. -12.7-3.9 1.2 14.2 3.1 11.2 38.7% -11.4% Y -3.6-5.3-5.2-3.9-8.6 -.1 8. 1.9 11.2 5.9 29.5% -1.6% MINNETONKA C 3.. -1..... -2.7-4.2. -6.8% -13.6% BEACH R -.1-6.7-5.9-3.1-8.5-12.3 26.3 2.9 6.7 8.4 31.8% 2.5% MINNETRISTA C 2.7 7.1-6.9 -.7-3.2 -.9 -.8-4.7 1. 1.1-4.3% -5.9% F -.1-4.7-8.1-9.5-12.2 6.1 6.2-1.1 -.7 4.7 15.9% -19.5% I.. -11.5-2.4-17.8.... 3.1 3.1% -26.8% R -2.5-3.8-9.8-4.9-6.6-2.7 5.5. 6.7 2.9 12.7% -15.3% X -4.1 1.. -3.1.. 6. 5.1 12.6 25.4% 17.7% Y -7.4-4.5-12.2-3.3-9.7-1.6 17.3-2.3 15.1 7.7 39.8% -5.2% 4 of 7 Page 9 of 38

HENNEPIN COUNTY CUMULATIVE GROWTH - 3/27/217 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT** 28 29 21 211 212 213 214 215 216 217 5 YEAR 1 YEAR TOTAL TOTAL MOUND A -2. -1.9-6.7. -.8.3 3. 3.8 9. 12.7 31.7% 17.2% C -1.9-3.3-13.3-1.6 -.1-2.8 -.9 4.2 6.7 2.7 1.% -11.1% I.. -5.6... 8.7 5.8. 9.7 79.8% 69.7% R.2-8.4-9.2-9.5-9.5-3. 9.9.8 8.3 2.9 19.7% -18.2% X -3.1-9.4-12.3-5.2-19.9 -.8 17.9 -.1 7.1 5.6 32.1% -22.8% Y 6.1-7.7-8.1-14.6-8.5-5.7 9.9 1.3 9.1 1.2 15.9% -18.5% NEW A -.4-1.6-7.6 -.4 -.6 2.1 1.6 11. 12.7 8.1 4.3% 25.7% HOPE C 3.7-5.6-2.1 -.5-4.5-1.9 1.5 -.8 2.5 6.5 7.8% -1.8% I 1.7-5. -1. -2.1-3.3-3. 5.9 5.8 3.2 8.7 21.9% 1.4% R -1.8-6.7-8. -5.8-8.8 2.3 6.4 4.4 3.6 8.2 27.4% -7.7% X -4.9-1.6-18.2-8. -21.9 3.3 11.1 3.2 8.4 21.5 56.% -22.% Y -5.7-25.9-13.6-1.3-15.4.7 24. 15.1 4.5 12.9 69.6% -22.3% ORONO A. -.3-9.9 -.1. 4.4 2.7 11.1 13.1 7.3 44.6% 29.8% C 2.9-2.6-8.7-1.5-2.9..2-2.1 3.7 3.3 5.1% -8.1% F. -.7-4.8-4.4-8.2 -.4-1.3 12.4-8. -2.5-19.2% -32.9% I. -4.7-1.2-1.9-5.9-2.7 -.8 7.8 5.5 2.3 12.3% -11.3% R.1-3.9-7.8-6.9-7.8-1.8 2.7 2.4 5.6 3.9 13.3% -13.7% X -4.6-13.1-8.4-35.3 -.3 15.3 3.9. 1.4 1.9 34.8% -34.% Y -4.7-4.4-9.6-18.3 3.4-4.8 7.3 2.9 12.3 5.1 24.1% -13.6% OSSEO A. -1.2-16.1 -.5. 2.1 3.2 3.5 11.6 4.4 6.2% 32.2% C -.1-3.8-9.2 -.8-1.9 -.5 -.3-5.3.1.2-5.8% -27.3% I 1.9-3.4-7.2. -3.8.. -3.1 2.5 2.5 1.8% -1.5% R -2.5-4.5-11.6-4.4-16.4-2.1 12.1 11.9 3.2 13.3 43.6% -5.5% X. -9.4-9.9-9.1-4. -3.1-1.6 1. 3. 6.2 5.3% -25.% Y. -11.5-12.3-11.2-5.4-4.7 8.9 7..7 1.6 23.7% -19.3% PLYMOUTH A 1.3-6.4-8.6 -.4 11.1 3. 9. 1.2 12.3 6.6 48.1% 42.% C.9-5.1-3.4 1. 4.6.4.2 2.6 6.8 7.1 18.1% 15.4% F -5. -2.1 4.7-5.7.5 1.2 13. -.3-1.4 1. 13.5% 4.8% I 2. -5.1-5.1 -.8 3.1 1. -1.6.4 4.8 9.6 14.6% 7.7% R -2.8-4.8-5.8-2.4-4.4.8 6. 1.6 2.9 1.3 13.2% -8.% X -5.7-6. -9.7-2.1-1.4-4.1 11.5 6. 7.1 6. 28.7% -9.7% Y -4.8-6.5-6.1-3.4-5.8 -.7 6.8 4.2 6.1 2.4 2.1% -8.7% RICHFIELD A 1.1-3.2-4. -.1 1.2 3.9 5.2 9.1 13.8 9.6 48.7% 41.2% C 4.1-7.1-12. -3.4-2.2 1.2 5.8 4.9 2.4 2.5 17.9% -5.2% I. -2.9-5.8-2. -11.2-1.9. 1.3 3.2 6.3 9.% -13.2% R -4.7-7.6-7.6-2. -7.4-3.1 9.1 2.9 7.3 6.3 24.1% -8.4% X -4.9-4.6-18.4-2.9-2.4-3.6 1.5 4. 8.2 12.2 34.5% -5.6% Y 2.5-5. -22.5-1. -9.1-3.8 23.8-4. 7.8 7.2 32.1% -1.2% 5 of 7 Page 1 of 38

HENNEPIN COUNTY CUMULATIVE GROWTH - 3/27/217 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT** 28 29 21 211 212 213 214 215 216 217 5 YEAR 1 YEAR TOTAL TOTAL ROBBINSDALE A -7.5.2-4.3 -.9-5.5 6.3 5.8 7.2 13.1 9.6 49.4% 24.1% C 13.4 -.4-1.7-5.7-4.6 6.2-7.9 -.9.9 7.4 5.% -4.7% I 3.9-1.5-1.3-2.8-8.6 8.2... 2.9 11.3% -9.2% R -2.6-9. -1.1-5.1-7.6-8.9 16.8-1.9 7.8 8.1 21.6% -15.% X -8.2-26.5-42.8-31.6-4.9-1.7 4.4 7.6 3.7 1.5 46.5% -63.2% Y -23.2 -.1-2.9-9.5-17. -3.3 7. 12.6 1. 3.8 33.% -25.5% ROCKFORD A 3.2. -7.6.. 4.5.1 7.4 4.4 6. 24.3% 18.6% C. -1.1-23.9...7-1.4..2-1. -1.5% -32.6% I -1.5-1.3-1.1 -.8..... 5.4 5.4% -24.5% R -.5-9.4-13.2-2.6-6.7-3.1 8.1 4.2 6.1 4.9 21.5% -13.6% Y 1.9-1.7-12. -.9-1.4-4.2 5.5 2.9 6.1 7.2 18.3% -15.9% ROGERS A. -3.8-6.2. 9. 6.3 4.5 5. 8.2 9.3 37.9% 35.7% C.3-7.7-11.7-12.3-6.7-2.3.9 1.1 1.2 4.1 5.% -29.8% F.9-1.7-32.3-3.9 -.5 7.1 7.4 -.7-2.4 3.5 15.4% -32.7% I 2.1-6.6-9. -5. 7.9 1.1 -.5 1.9.8 2.6 6.% -5.7% R -3.1-1.2-8.5-7. -.7-2.6 9.4 4.4 3.7 5.9 22.2% -1.2% X -3.1-1.2.8-6.6 4.9.2 7.6-5.5 7.9 9.3 2.2% 13.7% Y -2.2-8.3-8.8-1. -18.8 8.8 13.5 6.4 5.4 13.6 57.3% -5.9% SAINT A.. -8.2. -1.3. 9.6 8.9 11.5 9.2 45.3% 31.7% ANTHONY C -.4 -.6-5.1 -.2-3.3 4.3.. 2.4 7.3 14.6% 3.9% I 1.. -.4. -11.7... 4.6 8.1 13.1%.4% R -4.9-5.1-5.9-1.4-5.9 -.5 5.8 14.7 2.2 3.9 28.2% 1.% X -7.7-9.2-1.1-8.1-11.7-23.8 -.7 22. 14.1 5. 1.6% -32.4% Y -2.3-5.6-7.6-2.6-11.1-6. -5.2 25.5 6. 4.7 24.1% -8.4% SAINT A. -.4-12.4-4.1 -.2 2..6 1.7 1.5 3. 18.8% -.8% BONIFACIUS C 1.5-2. -4.8-8.9-11.9 -.6 1.2.4. 7.8 8.9% -17.3% I.8-1.1-4.6-6.9-6.7 -.6-4.2 -.9. 6.2.2% -17.2% R -4.7-5.8-3.3-7.7-1.5 2.8 8.1 3.3 6.8 7. 31.2% -5.9% X -1.3-26.8-75.3-6.7-6.6 22.5.. 25.6 55.1 524.4% -11.7% Y -5.9-8.7-11.2-8.2-7.1.1 1.3 21.2 6.2 11.3 45.3% -5.5% SAINT A 1.7.9-2.3.7 4.5 7.1 8.1 12.5 11.9 5.7 54.1% 62.5% LOUIS C 5.4 -.3-5.3.7 2. 4.7 -.6 7.1 6.9 4. 23.9% 26.7% PARK I 4.4.2-3.4 -.7-3.7 -.2 -.6.9 2. 12.5 14.9% 11.% R -.5-2.3-4.6-2.5-4.3-2.4 4.7 3.9 4.4 4.9 16.3%.7% X -4.6-3.7-1.4-4. -4. -7.3 7.8 8.4 7.5 5.7 23.1% -6.6% Y -1.6 -.1-9.1-2.4-12.6-2.5 7.3 9.1 7.5 4.8 28.6% -2.% SHOREWOOD A. -4.1-22.3 -.7 1.7 6. 3.2 8.9 1.9 1. 33.5%.5% C 3.4-3.1-7. -.3 -.4 1.8.6 1.9 3.4 1.6 9.6% 1.4% F 2.3 6.6-1.9 168.2 -.5 16.2-27.4-2.2-7.4 5.2 42.6% 269.6% R.4-2.2-7.6-4.1-4.6-2.1 6.6 3.7 2.6 4.3 15.8% -3.9% Y -4.1-4.7-8.4-5. -5.3-3.8 14.3 2.6 1.1 6. 2.9% -8.9% 6 of 7 Page 11 of 38

HENNEPIN COUNTY CUMULATIVE GROWTH - 3/27/217 PERCENT OF CHANGE FROM PREVIOUS YEAR (Original Assessment as Approved) PT** 28 29 21 211 212 213 214 215 216 217 5 YEAR 1 YEAR TOTAL TOTAL SPRING A.5 -.2-1.6-4.7 -.1 1.7.2 9.6 21. 8.7 46.9% 25.4% PARK C 2.9-1.9-7.7-2.2-1.1 -.4. 2.6 5.3 3.4 11.3%.2% I. -1.8-1.8-1.8.....2 5.2 5.4% -17.7% R 2.7-1.2-6.2-7.6-12.8-3.7 8. 2.6 11.5 4.8 24.7% -13.1% X -8.7-5.9-38.2-6.7 -.7 1.1 4.6 8.6 23.4 7.6 52.5% -25.% Y 5.5-1. -2.6-2.7 2.4-4. 5.9 1.3 5.9 2.2 11.5% -16.3% A -5. -9.7-6.8-2.1.......% -21.7% TONKA C. -1.6-2.2-2... -.5.8 8.2 9.6 18.9% 12.1% BAY R 1.2-3.8-6.8-4.4-6.3-3.7 7.4.8 4.4 6.1 15.5% -6.1% Y 2.6-4.8-8.6-6.7-7. -1.9 1.1 1.1 6.3 7.4 24.7% -3.4% WAYZATA A. -.8-3.7-4.5. 2.6 5.4 4.1 7.7 7.9 3.8% 19.4% C.3-4.7-12.5-4.9-1.2 7.5 3.2 2.5 3.3 7.7 26.5% -.6% I.......%.% R.2-5.8-6. -.6-1.5-3.6 5.8 4.9 4.7 6.3 19.1% -6.% X -.5.2-3.8-11.4-3.. 1.2-2.8 4.4 18.3 21.5%.1% Y.5-3.6-4.6-4.3-5. -4.8 3.7 3.4 2.6 5.2 1.2% -7.4% WOODLAND R -.4-4.5-3.9-5.8-6.3-3.8 3.1 7. 2.2 1.2 9.8% -11.4% HENNEPIN A.2 -.6-6.8-1. 2.2 3.5 8.9 13.2 12.3 9. 56.2% 46.7% COUNTY C 4.4-2.3-7.8-2.4.6 1.3 2.4 7.3 4.6 5. 22.2% 12.9% F.9-1.4-9.1-3.3-3.6 4.4 2.9-1.9-4.1 2.2 3.3% -2.9% I 3.6-2.1-5.6-3.2-2.4 -.6.2.5 3.6 6.5 1.4% -.1% R -3.2-4.6-6.3-3.6-5.4-1. 7.8 3.6 4. 5.2 21.% -4.5% X -3.8-6.3-8.7-3.6-7.1-1.4 9. 7.9 6.9 8.2 34.1% -1.1% Y -4.1-6.2-7.8-5. -8.5-1.2 8. 4.8 4.9 5.8 8.3% -12.1% SUBURBAN A.4-1.2-5.8. 3.9 4.1 6.8 1.4 12.9 8.8 38.8% 34.4% HENNEPIN C 4. -3.5-7.3-1.6.8.5 1.9 4.9 2.8 2.9 11.4% 14.7% F.9-1.5-9.2-3.3-3.8 4.4 2.9-1.9-2.5 2.2 3.6% -13.9% I 2.6-3.1-5.4-2.5-1.8 -.8.4 4.1 3.1 6.5 8.4% 1.4% R -2.1-5.1-7. -3.6-5.7-1.3 7.8 3.5 3.2 4.7 8.7% -6.5% X -3. -7.4-1.3-4.5-9.3-3.3 9.2 7.6 6.3 8.5 11.8% -12.4% Y -3.9-6.3-8. -4.8-7.9-1.3 8.3 4.5 5.9 5.9 8.9% -11.2% *Growth is based on static parcels only and is a net change meaning improvement amounts have been removed. **PROPERTY TYPE GROUPINGS: A = A, HF, HL, HM C = C,GC,ND,NP,SC,SL,SM F = BF, DF, F, FF, FP, LF, LV I = I R = B, BJ, D, DJ, R, RL, RM, SR X = X, XC, XM, AX Y = Y 7 of 7 Page 12 of 38

HENNEPIN PROPERTY TYPE GROWTH COMMERCIAL INDUSTRIAL APARTMENT SF RESIDENTIAL 2. 15. PERCENT CHANGE 1. 5.. -5. -1. 28 29 21 211 212 213 214 215 216 217 YEAR Run Date 3-27-217 Page 13 of 38

SUBURBAN HENNEPIN PROPERTY TYPE GROWTH COMMERCIAL INDUSTRIAL APARTMENT SF RESIDENTIAL 2. 15. PERCENT CHANGE 1. 5.. -5. -1. 28 29 21 211 212 213 214 215 216 217 YEAR Run Date 3-27-217 Page 14 of 38

Suburban Hennepin - R & RL Mean & Median Sales Ratios By Assessed Year (28-217) ASSESSMENT YEAR DIRECT MEDIAN RATIO DIRECT MEAN RATIO MCAP MEDIAN RATIO MCAP MEAN RATIO 28 95.% 95.9% 29 95.% 96.3% 21 95.3% 97.4% 211 95.3% 96.9% 212 95.4% 97.1% 1.6% 99.4% 213 95.3% 97.3% 99.4% 97.6% 214 97.8% 11.7% 93.3% 91.1% 215 96.2% 97.2% 92.3% 93.3% 216 97.5% 98.3% 94.9% 95.5% 217 98.6% 99.4% 95.% 95.6% The following ratios are generated from the initial assessments as submitted for each year. Page 15 of 38

217 EMV Run Date: 3-1-217 ESTIMATED MARKET VALUE MEDIANS HENNEPIN COUNTY RESIDENTIAL SINGLE FAMILY* 217 ASSESSMENT FOR TAXES PAYABLE 218 CITY 28 29 21 211 212 213 214 215 216 217 BLOOMINGTON 242,8 228,8 213, 27,6 194,5 188,2 26,7 219,8 225,95 246,3 BROOKLYN CENTER 18,4 156,5 137,5 133,9 119,4 114,3 131,4 142,1 15, 167, BROOKLYN PARK 221,8 198,3 175,2 166,1 156, 155,2 172,5 181,5 19,9 214,8 CHAMPLIN 225, 27, 19, 181, 166, 162, 177, 184, 198, 215, CORCORAN 328, 32, 28, 27, 239,5 222, 269, 278, 285, 314, CRYSTAL 188, 173, 155, 151, 13, 131, 151, 153, 166, 182, DAYTON 271, 261, 245, 229, 194, 195, 219, 224, 237, 276, DEEPHAVEN 487,6 472, 446,5 448,5 43,5 429,5 473, 534, 55,5 567, EDEN PRAIRIE 37,8 354,5 334,5 326,8 312,6 317,85 339,1 36,3 363,1 378,1 EDINA 428,5 432,7 411,5 43,6 396,55 4, 428,3 457,3 458,1 51, EXCELSIOR 337,5 328, 298, 287, 269, 273, 335, 37, 391, 451, GOLDEN VALLEY 275, 27, 25, 245, 23, 227, 252,5 258, 262, 289, GREENFIELD 46,5 392, 351, 322, 31, 286,5 38, 327, 352, 376, GREENWOOD 813,5 814, 747, 711,5 693,5 667, 726, 74,5 772, 866, HANOVER 367, 338, 33,5 33, 29, 266, 277, 35, 32, 347, HOPKINS 227, 221,5 27, 198, 191, 183, 26, 27, 223, 243, INDEPENDENCE 451, 417, 382, 357, 337, 337, 356, 36, 385,5 47, LONG LAKE 249, 248, 245, 214, 217, 29, 222, 228, 249, 267, LORETTO 22, 28, 194,5 193,5 165, 182, 184,5 25, 28, 241, MAPLE GROVE 285,8 275,3 262,5 256,2 24,3 246,8 268,7 278,9 289,4 33,2 MAPLE PLAIN 232, 221, 194,5 184, 16, 178,5 18, 193, 26, 218, MEDICINE LAKE 671, 654,5 614, 574, 493,5 511, 586,5 574,5 67, 677, MEDINA 67, 64,5 567, 528, 56,5 492, 53, 521,5 524, 556, MINNEAPOLIS 192, 19,6 185,5 18,5 17,5 17, 181, 191, 25,5 225,5 MINNETONKA 322, 39,75 293,2 288, 277,4 273,7 279, 317,75 322,6 332,1 MINNETONKA BEACH 1,26,5 1,2, 959,5 97, 868,5 794,5 98, 1,2, 1,1, 1,14, MINNETRISTA 472,9 458, 42,5 384, 36, 353, 387, 385, 411, 429, MOUND 232, 218, 26,5 191, 161, 162, 189, 192, 213, 218, NEW HOPE 223, 29, 193, 181, 164, 168, 18, 188,5 196, 213, ORONO 78,6 696, 638, 589, 535, 528, 546, 572, 67, 639, OSSEO 196, 188, 167, 159, 133, 131, 147, 165, 172, 194, PLYMOUTH 334,4 318,9 34, 299,5 285,35 294, 316,1 327, 339, 349, RICHFIELD 212, 195, 181, 177, 163, 159, 173, 18, 194, 27, ROBBINSDALE 195, 176, 157, 149, 137, 125, 149, 146, 158, 173, ROCKFORD 217, 198, 17, 167,5 154, 151, 164, 171,5 182, 192, ROGERS 29, 262, 241, 224, 227, 225, 251, 263, 275, 291, ST. ANTHONY 253, 238,25 225, 223, 27, 28, 223, 255, 26, 274, ST. BONIFACIUS 23, 217, 21, 193,5 171, 18, 199, 23, 222, 236, ST. LOUIS PARK 239,7 233,3 223,6 219,2 211,55 24,8 217,4 227,7 24, 254,1 SHOREWOOD 428, 419, 389, 373,5 364, 367, 386,5 41, 49, 429, SPRING PARK 418,7 395, 362, 33, 285,5 269,5 352, 353, 376, 48, TONKA BAY 673, 68,5 64, 562, 519,5 54, 474, 473, 51,5 575, WAYZATA 467, 461, 444, 439,5 414, 412,5 431, 475, 53,5 546,5 WOODLAND 938, 943,5 893, 854, 812,5 792, 719, 848, 817, 85, SUBURBAN HENNEPIN 264,5 252,8 236,7 229,6 217,5 217, 235,8 248, 256, 273,3 ALL HENNEPIN 244, 234,5 221,5 215, 23,1 22,5 219,6 23,5 241, 259, *Includes all single subrecord taxable R & RL parcels Page 16 of 38

Estimated Market Value Medians 1 Year History for R & RL Property Types 3, 275, Estimated Market Value 25, 225, 2, 175, 15, 125, 1, Minneapolis Suburban Hennepin 28 29 21 211 212 213 214 215 216 217 Assessment Year Page 17 of 38

Hennepin County Mean & Median Sales Prices Single-Family Residential (R & RL) by Calendar Year 3/31/217 Jan-Dec 213 Jan-Dec 214 Jan-Dec 215 Jan-Dec 216 City Mean Median #Cases Mean Median #Cases Mean Median #Cases Mean Median #Cases Bloomington 247,848 22, 643 253,526 23, 599 259,26 232, 859 274,77 247,75 866 Brooklyn Center 137,488 139,168 244 147,476 149,9 214 153,342 156,492 311 167,747 167,325 375 Brooklyn Park 198,638 179,69 616 212,51 191,5 494 228,798 28,55 737 243,936 224,2 894 Champlin 223,673 198, 217 243,549 215, 171 24,818 215,5 259 249,815 226,69 284 Corcoran 395,68 35,55 55 326,315 314, 31 334,37 297, 49 378,93 338,5 48 Crystal 16,93 156,833 216 177,453 168, 23 175,68 17,32 361 186,545 183,34 38 Dayton 32,975 278,15 34 288,46 212,25 24 265,798 215,8 39 32,163 263,946 48 Deephaven 81,454 59, 52 68,959 486, 43 746,523 566,225 62 723,263 57, 65 Eden Prairie 418,228 35,13 524 436,797 385, 435 49,12 362,655 588 433,768 375, 617 Edina 545,633 443,75 552 6,88 449,75 392 578,924 465, 55 62,661 57,425 592 Excelsior 471,877 25, 18 48,919 36, 9 476,442 424,5 24 53,478 469,45 22 Golden Valley 312,415 269,35 24 324,26 284,7 188 316,912 277, 277 367,851 34, 299 Greenfield 377,669 41, 23 46,576 39, 17 458,975 449, 36 41,873 419,4 23 Greenwood 1,65,125 785, 12 1,33,633 775, 9 1,322,548 1,12, 1 1,147,175 1,233,45 8 Hanover 273,943 279,63 6 331,25 34, 4 295,79 32,1 9 375, 375, 2 Hopkins 281,997 231,25 8 264,513 219,9 65 313,682 234,5 113 294,39 242,84 137 Independence 486,584 457,5 27 464,491 357,45 28 486,47 468, 37 582,31 527,45 42 Long Lake 352,944 264, 23 271,666 22,5 15 348,787 32, 17 249,264 247,549 19 Loretto 239,19 24,65 1 25,85 261,25 4 215,7 211,363 5 226,279 224,525 12 Maple Grove 325,877 3,387 542 335,46 3, 442 322,63 284, 729 346,583 317,6 793 Maple Plain 23,512 185,75 12 222,31 217,5 13 246,586 249, 15 241,346 237,5 26 Medicine Lake 593, 639, 3 62, 62, 1 833,75 842,5 4 44,875 47, 4 Medina 687,243 625, 47 81,437 685,415 48 718,117 62, 49 654,818 519, 61 Minneapolis 265,59 212, 3,361 266,56 21, 2,92 276,947 225, 4,35 286,527 237, 3,995 Minnetonka 393,94 329,73 441 394,286 33,5 33 44,554 339,2 547 424,253 358,42 548 Minnetonka Beach 869,14 67, 9 1,413,166 1,485, 8 1,467,245 1,325, 1 1,61,417 1,26, 13 Minnetrista 473,62 414,5 85 484,923 415, 67 566,132 438,75 74 553,52 448,8 99 Mound 341,212 215,55 122 34,382 235, 93 32,399 223,369 17 342,442 236, 185 New Hope 19,783 189,7 128 24,31 23,75 12 21,226 211,2 213 225,325 227,975 19 Orono 816,149 639,5 12 81,651 633,25 94 78,842 615,625 127 795,974 628,7 127 Osseo 16,73 164,417 22 184,335 18, 17 181,935 186,766 18 21,129 218,95 2 Plymouth 361,78 334,777 61 379,363 35,2 444 37,429 347,5 699 396,655 359,4 75 Richfield 183,478 182, 385 22,33 194,25 27 29,813 25,6 422 224,267 22, 534 Robbinsdale 157,8 151,343 154 167,744 161,45 14 18,344 17,682 234 194,714 184,251 248 Rockford 289, 289, 2 2, 2, 2 11, 11, 1 Rogers 265,695 26, 87 293,124 279,9 91 33,52 292,272 134 333,937 32,7 144 Shorewood 632,844 428,74 89 529,296 383, 62 564,92 419,725 86 582,6 462,5 12 Spring Park 473,33 34,4 6 299,995 299,995 1 362,123 285, 7 47,185 48,85 11 St Anthony 234,535 235, 43 282,411 259,45 6 283,228 258,417 88 277,645 273,75 68 St Bonifacius 28,613 224,9 27 221,59 21, 17 236,515 249,95 26 245,955 248,443 36 St Louis Park 265,684 229,9 473 272,965 239,563 368 282,973 246,778 62 29,838 249,95 67 Tonka Bay 895,74 852,5 22 716,8 57, 17 843,141 428,23 27 746,8 7, 27 Wayzata 53,56 4, 29 1,172,83 47, 27 783,675 462,5 4 82,791 561,25 52 Woodland 728,71 36, 7 2,86,333 1,594, 6 1,238,688 1,51, 8 725,875 62,5 6 Henn Cty Totals 38,188 239,875 1,4 316,726 246, 8,585 314,397 25, 12,662 33,498 262, 13,443 Page 18 of 38

Data As of 4-1-217 Hennepin Co. CRV Counts By Calendar Year 3, 25, Minneapolis Suburban All Hennepin Count of CRVs (Sales) 2, 15, 1, 5, 27 28 29 21 211 212 213 214 215 216 Years CRV (Certificate of Real Estate Value) Counts Year Minneapolis Count Suburban Count Hennepin Count 27 8,168 14,164 22,332 28 7,687 12,231 19,918 29 8,4 13,432 21,832 21 6,54 11,756 18,296 211 6,51 12,899 18,95 212 7,161 15,461 22,622 213 8,193 17,388 25,581 214 7,756 16,89 23,845 215 7,969 17,886 25,855 216 8,13 18,169 26,182 Page 19 of 38

Estimated Market Values - Munic Totals - 217 Assessment Report No. PI31821-5 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: 4,799,138,9 7,939,928,9 12,739,67,8 17,662,632 868 3,47 31,275 843 3,345 31,188 BROOKLYN CENTER (22) TOTAL: 544,947,5 1,491,278,5 2,36,226, 23,632,516 31 8,615 8,916 292 8,63 8,895 BROOKLYN PARK (48) TOTAL: 1,68,235,1 5,194,235,1 6,874,47,2 79,283,99 647 23,87 24,454 623 23,754 24,377 CHAMPLIN (5) TOTAL: 51,451,9 1,647,54, 2,157,955,9 22,316,184 342 8,346 8,688 326 8,279 8,65 CHANHASSEN (14) TOTAL: 19,889, 53,358, 73,247, 1,456,368 23 23 22 22 CORCORAN (52) TOTAL: 329,812,4 494,61,3 824,413,7 8,349,35 11 3,231 3,341 37 2,483 2,52 CRYSTAL (54) TOTAL: 488,319,1 1,278,438,8 1,766,757,9 18,163,846 27 8,52 8,322 265 8,24 8,289 DAYTON (56) TOTAL: 262,767,8 413,549,1 676,316,9 7,363,527 175 2,868 3,43 136 2,277 2,413 DEEPHAVEN (59) TOTAL: 633,559, 64,175, 1,237,734, 13,997,725 65 1,561 1,626 56 1,557 1,613 EDEN PRAIRIE (61) TOTAL: 3,312,889,9 6,864,741,5 1,177,631,4 124,637,686 974 22,23 22,997 826 21,878 22,74 EDINA (24) TOTAL: 4,683,427,3 6,948,615,6 11,632,42,9 141,481,2 581 2,782 21,363 565 2,741 21,36 EXCELSIOR (63) TOTAL: 26,42,3 221,467,2 481,887,5 6,44,688 49 921 97 47 884 931 FORT SNELLING (41) TOTAL: 24 24 23 23 GOLDEN VALLEY (28) TOTAL: 1,323,896,4 2,241,646,2 3,565,542,6 45,45,669 325 8,421 8,746 39 8,376 8,685 GREENFIELD (65) TOTAL: 163,7,1 287,876,2 45,946,3 4,629,863 86 1,671 1,757 47 1,314 1,361 GREENWOOD (19) TOTAL: 251,744, 121,414, 373,158, 4,357,78 13 353 366 13 348 361 HANOVER (67) TOTAL: 21,489,8 59,474,4 8,964,2 84,516 7 297 34 3 267 27 HOPKINS (3) TOTAL: 579,46,8 1,36,397,7 1,885,84,5 24,337,428 198 5,15 5,348 19 5,12 5,31 INDEPENDENCE (7) TOTAL: 297,614,3 394,642,3 692,256,6 7,1,663 212 2,275 2,487 81 1,692 1,773 INTERNATL AIRPORT (43) TOTAL: 77 77 77 77 LONG LAKE (72) TOTAL: 85,983,1 173,88,5 259,863,6 3,142,249 98 754 852 94 748 842 LORETTO (74) TOTAL: 12,22, 52,965, 64,987, 72,37 14 271 285 13 264 277 Page 1 of 3 Data As Of: 3/31/217 Page 2 of 38

Estimated Market Values - Munic Totals - 217 Assessment Report No. PI31821-5 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: 2,242,21,5 6,541,564,5 8,783,586, 1,673,477 935 25,564 26,499 81 25,266 26,67 MAPLE PLAIN (77) TOTAL: 49,57,1 129,353,2 178,923,3 2,177,817 4 73 743 34 677 711 MEDICINE LAKE (79) TOTAL: 58,341, 29,826, 88,167, 965,749 21 153 174 2 153 173 MEDINA (8) TOTAL: 63,741,8 1,51,33,3 1,655,45,1 18,916,137 234 3,415 3,649 115 3,6 3,121 MINNEAPOLIS (1) TOTAL: 1,294,99,5 37,21,26,8 47,316,17,3 59,722,219 7,213 123,57 13,783 7,7 122,173 129,243 MINNETONKA (34) TOTAL: 3,7,591,6 5,416,377,4 9,116,969, 111,899,168 1,5 19,783 2,833 913 19,736 2,649 MINNETONKA BEACH (82) TOTAL 223,479,1 119,9, 342,488,1 4,34,299 68 251 319 68 246 314 MINNETRISTA (36) TOTAL: 653,681,4 924,8,1 1,577,689,5 16,736,472 392 4,85 4,477 225 3,639 3,864 MOUND (85) TOTAL: 514,913,5 79,441, 1,224,354,5 12,549,775 31 4,473 4,774 29 4,466 4,756 NEW HOPE (86) TOTAL: 465,69,1 1,313,75,2 1,779,359,3 21,136,624 139 6,36 6,175 122 5,992 6,114 ORONO (38) TOTAL: 1,547,751,5 1,343,8,5 2,891,552, 32,911,86 438 4,198 4,636 323 4,8 4,43 OSSEO (88) TOTAL: 66,131,9 19,279,5 256,411,4 3,152,226 43 93 973 43 916 959 PLYMOUTH (4) TOTAL: 3,433,5,4 7,83,226,3 11,263,726,7 135,19,226 1,19 27,344 28,363 95 26,82 27,725 RICHFIELD (42) TOTAL: 1,99,219,2 2,189,19,6 3,288,49,8 21, 38,295,248 338 11,598 11,936 331 11,566 11,897 ROBBINSDALE (44) TOTAL: 315,49, 72,694, 1,35,743, 1,269,321 147 5,161 5,38 138 5,153 5,291 ROCKFORD (9) TOTAL: 7,11,1 17,55, 24,156,1 285,255 4 94 98 4 91 95 ROGERS (92) TOTAL: 49,188,3 1,357,955,5 1,848,143,8 24,166,717 314 4,959 5,273 23 4,53 4,76 SHOREWOOD (26) TOTAL: 753,914,7 939,666, 1,693,58,7 18,612,934 115 3,214 3,329 14 3,128 3,232 SPRING PARK (17) TOTAL: 123,56,1 154,384, 277,44,1 3,282,397 26 568 594 26 559 585 ST ANTHONY (94) TOTAL: 224,735,1 382,269, 67,4,1 6,375,645 64 2,233 2,297 64 2,229 2,293 ST BONIFACIUS (95) TOTAL: 37,99,1 179,737,1 217,646,2 2,25,367 45 957 1,2 44 938 982 ST LOUIS PARK (46) TOTAL: 2,36,67,4 4,43,211,7 7,262,2 6,717,144,3 82,828,252 483 17,342 17,825 467 17,295 17,762 Page 2 of 3 Data As Of: 3/31/217 Page 21 of 38

217 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: BLOOMINGTON 216 Pay 217: 72,56,381 13,738,373 13,469,214 61,911,785 3,655 34,881 161,214,289 217 Pay 218: 74,642,291 13,945,56 15,147,68 66,885,594 4,564 36,943 17,662,632 3.59% 1.51% 12.46% 8.3% 24.87% 5.91% 5.86% BROOKLYN CENTER 216 Pay 217: 217 Pay 218: 5,91,795 2,42,948 2,559,564 1,49,167 6,84 6,325,22 2,57,2 2,831,228 11,899,31 7,35 21,298,314 23,632,516 7.17% 6.16% 1.61% 14.31%.% 2.85% 1.96% BROOKLYN PARK 216 Pay 217: 11,327,559 12,588,479 4,899,262 41,481,931 53,128 7,827,359 217 Pay 218: 12,356,331 14,243,65 5,511,414 46,784,62 387,939 79,283,99 9.8% 13.15% 12.49% 12.78% -26.82%.% 11.94% CHAMPLIN 216 Pay 217: 2,353,75 1,121,76 662,34 16,71,864 6,295 795 2,216,498 217 Pay 218: 2,429,955 1,22,84 717,291 17,958,587 6,716 795 22,316,184 3.24% 7.23% 8.35% 11.74% 6.69%.% 1.39% CHANHASSEN 216 Pay 217: 182,86 1,217,27 23 1,4,36 217 Pay 218: 186,22 1,27,1 138 1,456,368 1.84% 4.33%.% -4.%.%.% 4.% CORCORAN 216 Pay 217: 31,86 359,33 5,998,129 884,235 69,375 7,621,155 217 Pay 218: 344,611 399,8 6,639,486 89,548 75,625 8,349,35 11.13% 11.6%.% 1.69%.71% 9.1% 9.55% CRYSTAL 216 Pay 217: 2,325,52 761,932 1,815,625 11,541,595 14,49 16,458,694 217 Pay 218: 2,547,984 777,32 1,975,35 12,848,342 14,85 18,163,846 9.59% 2.2% 8.8% 11.32%.% 2.48% 1.36% DAYTON 216 Pay 217: 267,78 1,33,594 3,488 4,28,456 441,585 89,15 6,34,351 217 Pay 218: 281,468 1,397,562 8,576 5,115,195 471,576 89,15 7,363,527 5.39% 5.3% 145.87% 21.55% 6.79%.% 16.14% DEEPHAVEN 216 Pay 217: 357,128 16,946 15,626 12,96,91 1,5 13,496,11 217 Pay 218: 383,133 4,2 154,563 13,445,119 1,71 13,997,725 7.28% -75.22% 2.61% 3.74%.% 2.% Page 23 of 38 Page 1 of 6 Data as of: 3/31/217 3.72%

217 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: EDEN PRAIRIE 216 Pay 217: 29,471,925 12,238,489 8,887,941 69,18,68 44,2 119,822,623 217 Pay 218: 3,17,291 12,479,692 9,877,271 72,219,619 43,813 124,637,686 1.85% 1.97% 11.13% 4.39% -.88%.% 4.2% EDINA 216 Pay 217: 3,195,182 4,696,844 8,242,311 88,488,848 131,623,185 217 Pay 218: 32,294,419 4,947,928 1,133,444 94,15,49 141,481,2 6.95% 5.35% 22.94% 6.35%.%.% 7.49% EXCELSIOR 216 Pay 217: 1,825,598 18,582 514,12 3,149,218 7,185 5,514,685 217 Pay 218: 1,929,995 4,52 552,573 3,549,95 7,695 6,44,688 5.72% -75.68% 7.48% 12.72%.% 7.1% 9.61% FORT SNELLING 216 Pay 217: 217 Pay 218:.%.%.%.%.%.%.% GOLDEN VALLEY 216 Pay 217: 13,322,74 6,13,181 2,3,26 2,995,787 42,748,968 217 Pay 218: 13,328,61 5,785,682 2,935,266 22,996,111 45,45,669.4% -5.62% 27.61% 9.53%.%.% 5.37% GREENFIELD 216 Pay 217: 18,264 333,276 3,479,174 383,449 4,376,163 217 Pay 218: 184,969 314,675 3,734,469 395,75 4,629,863 2.61% -5.58%.% 7.34% 3.21%.% 5.8% GREENWOOD 216 Pay 217: 234,22 18,575 3,539,26 3,791,821 217 Pay 218: 25,21 21,75 4,85,37 4,357,78 6.75%.% 17.9% 15.44%.%.% 14.91% HANOVER 216 Pay 217: 6,18 1,463 668,214 3,591 76,448 217 Pay 218: 6,41 1,5 2,475 744,47 31,661 84,516 3.72% 2.53%.% 11.41% 3.5%.% 13.88% HOPKINS 216 Pay 217: 6,7,341 3,766,46 4,344,212 8,881,85 24,6 23,23,59 217 Pay 218: 6,125,546 3,82,918 4,889,98 9,494,411 24,645 1.97%.98% 12.56% 6.9%.% 2.43% 24,337,428 Page 24 of 38 Page 2 of 6 Data as of: 3/31/217 5.71%

217 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: INDEPENDENCE 216 Pay 217: 144,863 216,719 5,57,455 8,557 6,732,594 217 Pay 218: 143,583 167,8 5,88,515 818,765 7,1,663 -.88% -22.57%.% 5.57% 2.27%.% 4.13% INTERNATL AIRPORT 216 Pay 217: 217 Pay 218:.%.%.%.%.%.%.% LONG LAKE 216 Pay 217: 569,992 525,32 99,19 1,748,625 2,942,758 217 Pay 218: 594,42 567,495 99,19 1,881,243 3,142,249 4.28% 8.9%.% 7.58%.%.% 6.78% LORETTO 216 Pay 217: 168,18 48,839 24,45 416,794 1,492 659,278 217 Pay 218: 177,93 43,65 26,253 47,898 2,188 72,37 5.34% -1.72% 9.18% 12.98% 46.65%.% 9.22% MAPLE GROVE 216 Pay 217: 18,278,314 9,652,477 2,98,38 63,831,925 21,146 94,943,9 217 Pay 218: 19,387,158 9,764,975 3,539,585 67,717,318 264,441 1,673,477 6.7% 1.17% 18.78% 6.9% 31.47%.% 6.3% MAPLE PLAIN 216 Pay 217: 232,35 624,92 143,87 1,1,87 2,1,831 217 Pay 218: 333,25 61,25 159,555 1,83,87 2,177,817 43.6% -3.78% 1.95% 7.3%.%.% 8.3% MEDICINE LAKE 216 Pay 217: 21,76 17,136 21,76 92,73 962,675 217 Pay 218: 3,5 21,76 914,173 965,749 4.17% -1.%.% 1.27%.%.%.32% MEDINA 216 Pay 217: 1,182,964 1,211,133 48,666 14,841,838 658,919 2,535 17,946,55 217 Pay 218: 1,255,93 1,248,857 84,26 15,66,665 663,596 3,9 18,916,137 6.17% 3.11% 72.66% 5.52%.71% 21.89% 5.41% MINNEAPOLIS 216 Pay 217: 166,876,71 25,561,64 85,311,348 262,89,231 15,23 272,88 54,846,454 217 Pay 218: 184,86,61 23,838,683 97,213,957 285,272,92 15,548 295,68 59,722,219 1.31% -6.74% 13.95% 8.55% 2.9% 8.13% Page 25 of 38 Page 3 of 6 Data as of: 3/31/217 9.22%

217 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: MINNETONKA 216 Pay 217: 3,87,457 6,398,91 8,865,716 6,454,617 7,49 16,597,19 217 Pay 218: 31,66,963 6,429,514 1,454,477 63,335,594 7,49 11,13 111,899,168 2.56%.48% 17.92% 4.77%.%.% 4.97% MINNETONKA BEACH 216 Pay 217: 217 Pay 218: 81,99 3,618,934 81,99 3,952,39 3,7,924 4,34,299.%.%.% 9.21%.%.% 9.1% MINNETRISTA 216 Pay 217: 95,432 64,99 14,94,387 485,3 15,55,19 217 Pay 218: 98,229 48,525 16,82,163 57,555 16,736,472 2.93% -25.33%.% 7.9% 4.59%.% 7.63% MOUND 216 Pay 217: 681,3 17,79 242,285 1,876,997 11,34 11,982,442 217 Pay 218: 692,495 164,41 36,566 11,374,619 11,685 12,549,775 1.68% -3.74% 26.53% 4.57%.% 3.4% 4.73% NEW HOPE 216 Pay 217: 1,648,618 5,386,895 3,138,39 9,22,951 19,196,854 217 Pay 218: 1,847,973 5,743,62 3,384,49 1,16,982 21,136,624 12.9% 6.62% 7.83% 12.61%.%.% 1.1% ORONO 216 Pay 217: 952,199 289,52 163,526 29,713,353 46,618 31,164,748 217 Pay 218: 976,887 198,78 175,413 31,515,448 45,332 32,911,86 2.59% -31.23% 7.27% 6.6% -2.76%.% 5.61% OSSEO 216 Pay 217: 711,3 429,891 723,282 1,26,698 13,44 2,94,611 217 Pay 218: 785,333 421,55 752,477 1,19,421 2,49 3,152,226 1.41% -1.95% 4.4% 15.95%.% -81.47% 8.52% PLYMOUTH 216 Pay 217: 21,16,988 18,812,34 1,212,938 77,268,391 9,373 22,338 127,423,368 217 Pay 218: 23,9,844 19,944,385 11,64,968 8,98,14 75,64 16,375 135,19,226 9.48% 6.2% 8.34% 4.71% -16.3% -26.69% 5.96% RICHFIELD 216 Pay 217: 11,962,65 262,342 4,324,66 19,91,19 36,58 35,676,594 217 Pay 218: 12,392,969 266,2 4,97,432 2,76,59 22,588 38,295,248 3.6% 1.47% 13.48% 8.46%.% -38.13% Page 26 of 38 Page 4 of 6 Data as of: 3/31/217 7.34%

217 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: ROBBINSDALE 216 Pay 217: 1,145,423 147,712 942,855 7,219,437 1,935 9,457,362 217 Pay 218: 1,254,5 31,35 1,32,677 7,949,39 2,25 1,269,321 9.48% -78.81% 9.53% 1.11%.% 4.65% 8.59% ROCKFORD 216 Pay 217: 29,59 59,272 44,51 117,478 261 24,81 275,93 217 Pay 218: 24,82 62,95 47,388 125,45 251 24,81 285,255-16.12% 6.21% 6.49% 6.44% -3.83%.% 3.39% ROGERS 216 Pay 217: 3,96,446 7,91,571 699,82 9,69,397 461,729 22,713,225 217 Pay 218: 4,89,353 8,238,14 762,238 1,583,381 493,641 24,166,717 3.25% 4.26% 9.3% 9.22% 6.91%.% 6.4% SHOREWOOD 216 Pay 217: 736,666 184,26 26,113 16,478,25 4,571 19,35 17,449,21 217 Pay 218: 747,693 22,12 43,81 17,596,97 4,665 17,685 18,612,934 1.5% 9.69% 67.74% 6.79% 2.6% -8.6% 6.67% SPRING PARK 216 Pay 217: 485,942 149,6 726,888 1,727,436 3,89,866 217 Pay 218: 52,565 157,48 793,67 1,829,285 3,282,397 3.42% 5.27% 9.1% 5.9%.%.% 6.23% ST ANTHONY 216 Pay 217: 57,4 4,1 379,439 4,661,489 42,938 5,991,6 217 Pay 218: 554,145 439,72 413,681 4,91,674 66,425 6,375,645 9.29% 9.9% 9.2% 5.15%.% 54.7% 6.42% ST BONIFACIUS 216 Pay 217: 311,3 93,35 35,95 1,625,284 97 2,65,351 217 Pay 218: 329,496 99,42 36,83 1,784,461 97 2,25,367 5.94% 6.86% 2.82% 9.79%.%.% 8.96% ST LOUIS PARK 216 Pay 217: 21,687,235 5,975,517 12,6,83 37,592,13 8,589 77,324,247 217 Pay 218: 22,679,95 6,868,198 13,116,135 4,155,254 9,57 82,828,252 4.57% 14.94% 8.75% 6.82%.% 11.42% 7.12% TONKA BAY 216 Pay 217: 227,813 2, 5,972,96 6,22,773 217 Pay 218: 22,564 33,9 6,384,719-3.18% 1595.%.% 6.89%.%.% Page 27 of 38 Page 5 of 6 Data as of: 3/31/217 6,639,183 7.4%

217 Property Type Table - Munic Tax Capacities Report No. PI31821-PDS1 MUNICIPALITY: COMMERCIAL: INDUSTRIAL*: APARTMENT: RESIDENTIAL: FARM: OTHER: MUNIC TOTAL: WAYZATA 216 Pay 217: 6,453,496 346,346 1,856,416 14,79,462 26,16 23,391,88 217 Pay 218: 7,42,39 35,63 1,998,832 16,45,383 26,4 25,58,635 9.13% -89.71% 7.67% 11.53%.%.92% 9.5% WOODLAND 216 Pay 217: 3,57,297 3,57,297 217 Pay 218: 3,615,371 3,615,371.%.%.% 3.8%.%.% 3.8% SUBURBAN HENNEPIN 216 Pay 217: 217 Pay 218: 3,487,935 12,111,374 95,625,944 78,567,619 5,83,51 467,21 1,32,343,583 314,547,19 124,926,86 17,995,677 836,67,893 5,117,38 481,712 1,389,739,289 4.68% 4.1% 12.94% 7.19%.66% 3.1% 6.71% HENNEPIN COUNTY 216 Pay 217: 217 Pay 218: 467,364,636 145,672,438 18,937,292 1,43,376,85 5,98,731 74,9 1,843,19,37 498,633,17 148,765,543 25,29,634 1,121,943,795 5,132,586 776,78 1,98,461,58 6.69% 2.12% 13.41% 7.53%.66% 4.96% 7.45% *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 28 of 38 Page 6 of 6 Data as of: 3/31/217

Hennepin County Valuation Comparison Final 216 Asmnt For 217 Taxes Parcel Counts Prelim 217 Asmnt For 218 Taxes Parcel Counts 216 Asmnt to 217 Asmnt Change Parcel Counts % Change 216 to 217 % Of Parcels Estimated Market Value (Personal Prop) 1,75,966,51 Estimated Market Value (Real Estate) City of MPLS (Minneapolis) 43,591,679,2 Hennepin Co (Non-MPLS) 18,778,239,1 Total Hennepin Co (Real Estate) 152,369,918,3 Total Estimated Market Value 154,12,884,81 LESS "This Old House" Qualifying Imps City of MPLS Hennepin Co (Non-MPLS) 2,9,9 1,26,3 Total Qualifying Improvements 3,297,2 LESS Veteran's Exclusion City of MPLS Hennepin Co (Non-MPLS) 54,386,7 26,898,9 Total Veteran's Exclusion 261,285,6 1,411 LESS Hmstd Market Value Exclusion City of MPLS Hennepin Co (Non-MPLS) 1,197,756,492 3,156,824,524 Total Hmstd Market Value Exclusion 4,354,581,16 437,952 Taxable Market Value (Personal Prop) Taxable Market Value (Real Estate) City of MPLS Hennepin Co (Non-MPLS) Total Hennepin County (Real Estate) 1,75,966,51 42,337,445,18 15,413,588,376 147,751,33,484 Total Taxable Market Value 149,51,999,985 1,746,98,91 * 47,315,67,4 115,765,212,9 163,8,28,3 164,827,189,21 56,194,7 29,173,8 265,368,5 1,369 46,176,95,813 112,688,355,174 158,865,35,987 16,612,214,888-4,57,6 3,723,388,2 6,986,973,8 1,71,362, 1,76,34,4 39-2,9,9-39 27-1,26,3-27 66-3,297,2-66 318 1,93 131,31 36,921 1,81,921,887 2,867,989,926 31 1,59 13,764 37,585 1,88, -8 2,274,9-34 4,82,9-42 -115,834,65-267 -288,834,598 664 3,949,911,813 438,349-44,669,23 397 1,746,98,91 * -4,57,6 3,839,55,75 7,274,766,798 11,114,272,53 11,11,214,93 -.23% 8.54% 6.42% 7.3% 6.95% -1.% -1.% -1.% 3.32% -2.52% 1.1% -3.11% 1.56% -2.98% -9.67% -.2% -9.15%.22% -9.29%.9% -.23% 9.7% 6.9% 7.52% 7.43% -1.% -1.% -1.% Tax Capacity (Personal Property) 34,165,712 Tax Capacity (Real Estate) City of MPLS Hennepin Co (Non-MPLS) Total Hennepin Co (Real Estate) 54,846,454 1,32,343,583 1,843,19,37 Total Tax Capacity 1,877,355,749 34,82,76 *&* 59,79,617 ** 1,389,562,653 ** 1,98,272,27 ** 2,14,355,3 ** -82,952 49,863,163 87,219,7 137,82,233 136,999,281 -.24% 9.22% 6.7% 7.44% 7.3% Number of Parcels (Taxable & Exempt): Personal Property Real Estate (MPLS) Real Estate (Non-MPLS) 1,351 129,41 299,54 Total Hennepin County Parcels 43,265 1,349 * 129,224 3,556 431,129-2 -186 1,52 864 -.15% -.14%.35%.2% Report: DK99SS93.213.6 216 Data as of: 12/6/216 217 Data as of: 4/7/217 Prepared by The Hennepin County Assessor's Office NOTES: * 217 Personal Property has 216 MSP Airport Figures. **TAX CAPACITIES based on 216 Legislative base limits and percentages. State Assessed Values - Utility Properties (Prop Type = U) building and machinery values are assessed by the MN DOR and are typically not available until August.

Municipality Hennepin County 217 Assessment Market Value Exclusions Total Estimated Market Value Qualifying Improvement (This Old House) Veteran's Exclusion % EMV Lost To Vets Exclusion Homestead Market Value Exclusion % EMV Lost To HMVE Total Taxable Market Value BLOOMINGTON $12,736,395,1 $ $32,85,.26% $363,881,945 2.86% $12,346,516,655 BROOKLYN CENTER $2,36,184, $ $1,75,.53% $151,814,976 7.46% $1,877,343,24 BROOKLYN PARK $6,874,47,2 $ $41,75,3.61% $333,212,378 4.85% $6,58,436,522 CHAMPLIN $2,162,541,9 $ $7,95,.37% $115,38,8 5.33% $2,4,91,1 CHANHASSEN $73,247, $ $.% $9,2.1% $73,237,8 CORCORAN $824,368,7 $ $2,55,.31% $13,946,7 1.69% $88,86, CRYSTAL $1,766,661,9 $ $9,521,.54% $136,343,261 7.72% $1,623,562,639 DAYTON $676,316,9 $ $2,55,.38% $17,198,946 2.54% $656,81,954 DEEPHAVEN $1,252,34, $ $799,.6% $2,584,41.21% $1,248,65,59 EDEN PRAIRIE $1,176,685,2 $ $13,5,.13% $152,563,547 1.5% $1,11,797,153 EDINA $11,632,561,3 $ $1,35,.9% $96,592,557.83% $11,527,38,443 EXCELSIOR $481,415,5 $ $45,.9% $1,723,822.36% $479,241,678 GOLDEN VALLEY $3,565,491,6 $ $5,4,.15% $85,356,135 2.39% $3,475,898,465 GREENFIELD $45,399,3 $ $1,35,.3% $6,946,559 1.54% $442,376,741 GREENWOOD $373,158, $ $3,.8% $252,44.7% $372,65,56 HANOVER $8,964,2 $ $.% $1,386,7 1.71% $79,577,5 HOPKINS $1,885,742,5 $ $3,375,.18% $49,119,8 2.6% $1,833,67,7 INDEPENDENCE $691,867,3 $ $1,65,.24% $6,743,61.97% $683,626,69 LONG LAKE $259,863,6 $ $6,.23% $5,66,29 2.16% $253,72,31 LORETTO $64,987, $ $15,.23% $3,284,155 5.5% $61,552,845 MAPLE GROVE $8,784,21,8 $ $17,347,2.2% $246,624,597 2.81% $8,523,25,43 MAPLE PLAIN $178,883,3 $ $45,.25% $8,86,448 4.52% $17,432,852 MEDICINE LAKE $88,167, $ $.% $164,97.19% $88,2,3 MEDINA $1,654,674,1 $ $9,.5% $7,644,183.46% $1,646,129,917 MINNEAPOLIS $47,315,67,4 $ $73,53,.15% $1,81,921,887 2.29% $46,176,95,813 MINNETONKA $9,116,969, $ $16,475,1.18% $155,982,288 1.71% $8,946,293,812 MINNETONKA BEACH $342,488,1 $ $45,.13% $97,8.3% $341,985,2 MINNETRISTA $1,575,966,3 $ $1,95,.12% $9,948,14.63% $1,564,164,16 MOUND $1,224,354,5 $ $4,35,.36% $44,876,25 3.67% $1,176,134,25 NEW HOPE $1,779,331,3 $ $6,33,.36% $9,543,945 5.9% $1,684,24,355 ORONO $2,89,514, $ $2,551,.9% $1,575,82.37% $2,877,727,918 OSSEO $256,394,4 $ $45,.18% $13,154,82 5.13% $242,89,58 PLYMOUTH $11,263,125,7 $ $17,97,.16% $28,855,397 1.85% $11,37,861,33 RICHFIELD $3,288,28,8 $ $14,3,3.43% $169,93,221 5.17% $3,17,694,279 ROBBINSDALE $1,35,691, $ $3,45,.33% $85,619,972 8.27% $947,392,28 ROCKFORD $24,156,1 $ $.% $1,217,49 5.4% $22,938,61 ROGERS $1,848,151, $ $5,335,.29% $4,766,641 2.21% $1,82,723,359 SHOREWOOD $1,693,58,8 $ $1,65,.1% $1,152,75.6% $1,681,852,95 SPRING PARK $277,44,1 $ $3,.11% $2,71,19.75% $275,28,91 ST ANTHONY $66,798,1 $ $2,25,.37% $24,35,425 3.96% $58,618,675 ST BONIFACIUS $217,646,2 $ $75,.34% $12,215,889 5.61% $24,81,311 ST LOUIS PARK $6,698,914,1 $ $9,,.13% $175,6,522 2.61% $6,516,121,378 TONKA BAY $581,487,3 $ $673,.12% $2,121,41.36% $578,692,89 WAYZATA $1,964,918,7 $ $1,2,.6% $4,271,71.22% $1,959,616,99 WOODLAND $37,724, $ $3,.1% $151,32.5% $37,272,68 TOTAL HENNEPIN $163,8,28,3 $ $327,59,9.2% $3,949,911,813 2.42% $158,865,35,987 Data as of: 4/7/217 Page 3 of 38 Report No. DK99SS93-A3

217 HENNEPIN COUNTY NEW CONSTRUCTION* REPORT MUNIC PID COUNT IMPROVEMENT AMOUNT (ALL PT'S) ( 2 ) BLOOMINGTON ( 22 ) BROOKLYN CENTER ( 48 ) BROOKLYN PARK ( 5 ) CHAMPLIN ( 14 ) CHANHASSEN ( 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 975 $118,598,3 33 $12,3, 317 $137,275,3 382 $38,89, 1 $85, 133 $21,95,2 42 $9,949, 23 $38,3, 74 $17,789, 525 $43,759,3 825 $229,16, 37 $4,82,8 559 $49,196,5 54 $5,79,5 3 $1,386, 11 $2,664, 184 $1,864, 77 $5,345, 14 $93,1 9 $164, 624 $71,565,3 26 $1,835,5 9 $282, 174 $43,986,5 3,493 $617,869,3 612 $117,162,9 14 $2,932,9 361 $58,894, 27 $11,16, 266 $18,212,7 276 $39,274, 44 $1,545, 1,975 $173,6,5 459 $23,44, 237 $3,938, 3 $27, 264 $24,672,5 16 $22,93, 19 $684, 11 $2,695, 3 $682,1 667 $76,427,1 12 $1,175,3 93 $46,896, 15 $4,938, 15,283 $2,113,81,6 * Improvement Amounts are for value added due to physical change in the calendar year preceeding the Assessment Year. Run Date: 3/31/217 Page 31 of 38 Page 1 of 1

Hennepin County 1 Year Assessment Data Property Class as Percentage of Tax Base Estimated Market Value Property Type Grouping 28 29 21 211 212 213 214 215 216 217* Commercial & Industrial 2.52% 2.43% 2.29% 2.24% 21.2% 21.3% 2.1% 2.6% 2.35% 2.8% Apartment 5.9% 6.12% 6.17% 6.39% 6.91% 7.3% 7.95% 8.95% 9.93% 1.45% Residential 72.94% 72.86% 72.97% 72.8% 71.5% 71.1% 71.49% 7.47% 69.27% 69.5% Farm.6%.55%.52%.53%.53%.53%.51%.47%.41%.38% Other.4%.4%.4%.4%.4%.4%.4%.4%.4%.4% Taxable Market Value Property Type Grouping 28 29 21 211 212 213 214 215 216 217* Commercial & Industrial 2.61% 2.47% 2.33% 2.28% 21.99% 22.% 2.78% 2.76% 2.96% 2.62% Apartment 5.93% 6.13% 6.18% 6.4% 7.22% 7.63% 8.26% 9.26% 1.23% 1.72% Residential 72.88% 72.81% 72.92% 72.74% 7.19% 69.78% 7.39% 69.46% 68.35% 68.24% Farm.54%.55%.53%.53%.55%.55%.52%.48%.42%.39% Other.4%.4%.4%.5%.5%.4%.4%.4%.4%.4% Tax Capacity Property Type Grouping 28 29 21 211 212 213 214 215 216 217* Commercial & Industrial 32.86% 32.65% 32.49% 32.45% 34.69% 34.69% 33.3% 32.95% 33.17% 32.67% Apartment 5.8% 5.98% 6.4% 6.27% 6.96% 7.34% 8.2% 8.96% 9.87% 1.36% Residential 6.91% 6.93% 61.5% 6.87% 57.92% 57.55% 58.56% 57.73% 56.65% 56.67% Farm.39%.39%.37%.37%.37%.36%.35%.32%.28%.26% Other.4%.5%.5%.5%.5%.5%.4%.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. *For Utility Properties (Property Type = 'U') the Building and Machinery Values are assessed by the Minnesota Department of Revenue and these values are typically not available for the current assessment until late summer. In this report, U is is included with the Com & Ind property type category. Page 32 of 38 217 Data as of: 3/27/217

EMV, TMV & Excluded Value Growth 28-217 Assessment 217 Assessment Run Date: 3/27/217 27 28 29 21 211 212 213 214 215 216 217 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 $152,369,918,3 $163,94,475,1 Hennepin EMV Growth 5.69% -.34% -4.% -6.75% -3.32% -3.64% -2.96% 8.1% 7.38% 6.7% 7.4% 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 $147,751,33,484 $158,881,92,269 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 $4,618,884,816 $4,212,572,831 Henn. Diff. % (Excl. Value) 1.54%.558%.191%.198% 4.186% 4.53% 4.454% 3.739% 3.381% 3.31% 2.583% 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 $18,778,239,1 $115,774,156, Suburban EMV Growth 6.2%.2% -4.43% -7.9% -3.1% -3.81% -3.59% 7.58% 6.6% 5.69% 6.43% 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 $15,413,588,376 $112,7,579,7 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 $3,364,65,724 $3,73,576,3 Sub. Diff. % (Excl. Value) 1.36%.585%.159%.171% 4.33% 4.391% 4.379% 3.686% 3.386% 3.93% 2.655% 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 $43,591,679,2 $47,32,319,1 Minneapolis EMV Growth 4.25% -1.36% -2.77% -5.76% -3.94% -3.17% -1.17% 9.53% 1.93% 9.3% 8.55% 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 $42,337,445,18 $46,181,322,569 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 $1,254,234,92 $1,138,996,531 Mpls. Diff. % (Excl. Value) 2.65%.481%.284%.275% 4.618% 4.815% 4.66% 3.881% 3.368% 2.877% 2.47% *Note Regarding State Assessed 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 August. Page 33 of 38

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Last modified: 4 1 217 Glossary of Assessment Terms Certificate of Real Estate Value (CRV): Buyers of real property must file a Certificate of Real Estate Value (CRV) with the County in the county where the property is located if the sale price or other consideration is more than $1, and the deed is one of the following: Warranty deed, Contract for deed, Quit Claim deed, Trustee deed, Executor deed, Probate deed. If the price is $1, or less, you do not have to file a Certificate of Real Estate Value. As of December 1st 211 CRVs began being filed electronically through the Minnesota Department of Revenue s web portal (commonly referred to as ecrvs ). Estimated Market Value (EMV): This value is what the assessor estimates your property would likely sell for on the open, competitive market. State law requires assessors to value property at 1 percent of market value. Minnesota Statute 272.3 defines market value as the usual selling price at the time of assessment. It is the price that could be obtained at a private sale or an auction sale, if the assessor determines that the price from an auction sale represents an arm s length transaction. The price obtained at a forced sale shall not be considered. Hennepin County: This term, as used in this report, refers to all real estate in all jurisdictions within Hennepin County including the city of Minneapolis. It may also be referenced just as Hennepin. (See also: Suburban Hennepin County.) Homestead Market Value Exclusion (HMVE): The Homestead Market Value Exclusion (HMVE) is a legislated program (211 omnibus tax act) which applies to homesteaded properties under $413,8 of market value. Legislative action during the 211 Special Session replaced the Homestead Market Value Credit (HMVC) with the new HMVE. The HMVC was applied as a credit after the taxes had been calculated. The HMVE excludes a portion of a parcel s Estimated Market Value. The calculation closely follows that of the old credit (take any credit times 1 and you have an exclusion). Like with the credit, a 5% homestead means a half exclusion. It does not apply to properties qualifying for Vet Exclusion. Agricultural Homestead Market Value Credit is still in place on agricultural land. The exclusion is a maximum of $3,4 at $76, of market value. The exclusion phases out for properties valued at $413,8 or more. Page 35 of 38

Last modified: 4 1 217 Limited Market Value (LMV): This was a value based on a statute (M.S. 273.11, Subd. 1a) that sunset with the 29 Assessment for taxes payable in 21. Essentially, this law placed a limit on how much the taxable value of certain properties could increase in one year. Value added for new improvements was not covered by this statue and it only applied to agricultural, residential, timberland, or noncommercial seasonal recreational residential (cabins) property. Market Conditions Adjusted Prices (MCAP) Ratios: MCAP ratios are a measure by which sale prices are adjusted for differences in the market conditions at the time of the sale and the market conditions of at the time of the assessment date. Since this measure is essentially comparing the value of a sale property at two unique points in time, it is often called a time adjustment, however, many factors, not just time, may influence the real estate market. Some of these factors could be changes in interest rates, supply and demand, employment rates, or the availability of financing. Machinery Value: This is the market value of personal property that is: (i) tools, implements, and machinery of an electric generation, transmission, or distribution system; (ii) tools, implements, and machinery of a pipeline system transporting or distributing water, gas, crude oil, or petroleum products; or (iii) the mains and pipes used in the distribution of steam or hot or chilled water for heating or cooling buildings (M.S. 273.13 Subdivision 34). Property Classification: The statutory classification that has been assigned to your property based upon your use of the property. A change in classification of your property can have a significant impact on the real estate tax payable. (M.S. 273.13 classification of property) Ratio Studies / Sales Ratio Analysis: This term refers to the process the assessor uses to measure market conditions by comparing the assessor s estimated market value with the sales prices. The Minnesota Department of Revenue also uses the sales ratio analysis to measure assessor s performance. Department of Revenue annually supplies the County with a summary of criteria to be used for their next ratio study. Copies of said criteria can be found on the Department of Revenue s website. State Assessed Property: Property which the assessed value is set by the Minnesota Department of Revenue. This is primarily Utility Properties and Railroads Properties. (See also: Utility Properties) Page 36 of 38

Last modified: 4 1 217 Suburban Hennepin County: This term, as used in this report, refers to all jurisdictions within Hennepin County except for the city of Minneapolis. It may be referenced as Suburban Hennepin or just as Suburban. (See also: Hennepin County) Tax Capacity (TC): Tax Capacity is determined by multiplying the taxable market value of each property by the statutory class rates for the specific use(s) on the property. There are corresponding class rates for the different property classifications. Tax Capacity Rate: The rate is used to collect the amount of dollars required to operate city/county governments and schools. The tax rate is usually expressed as a percentage of tax capacity, used to determine the property tax due on a property. Taxable Market Value (TMV): This is the value that your property taxes are actually based on, after all reductions, limitations, exemptions and deferrals. Your 217 value, along with the class rate and the budgets of your local government, will determine how much you will pay in taxes in 218. This Old House Exclusion (TOH): This is a value exclusion for certain improvements (M.S. 273.11, Subd. 16). This program has now phased out. Utility Properties (Utilities): Utility property means property appraised and classified for tax purposes by order of the commissioner of revenue under sections M.S. 273.33 to 273.3711. Utility parcels buildings and Machinery Values are determined by the Minnesota Department of Revenue and typically are not available until August 1 st of the current assessment year. Value of New Improvements: This is the assessor s estimate of the value of new or previously un-assessed improvements you have made to your property Page 37 of 38

Last modified: 4 1 217 Veteran s Market Value Exclusion: The Veteran s Market Value Exclusion (officially known as the Market Value Exclusion on Homesteads of Disabled Veterans program) was enacted in 28. It provides a market value exclusion for property tax purposes for the homestead property of an honorably discharged veteran who has a service-connected disability rating of 7 percent or higher, as determined by the United States Department of Veterans Affairs. (M.S. 273.13 Subdivision 34) Property Type Index for the reader to reference: A = Apartment C = Commercial F = Agriculture I = Industrial R= Single Family Residential RL = Single Family Residential with Water Influence X = Condominiums Y = Townhomes Page 38 of 38

Hennepin County Government Center The 24-floor, twin-tower Government Center has been headquarters for Hennepin County government since 1974. The building is located in downtown Minneapolis and houses a service center, the Fourth Judicial District Courts, the county board and other government staff. The building was designed as a people s center, with an emphasis on openness, responsiveness and accessibility of services. Two identical towers are connected via walls of glass to create an atrium gathering space at the skyway level. www.hennepin.us Hennepin County does not discriminate and provides equal access to employment, programs and services without regard to race, color, creed, religion, age, sex (except when sex is a bona fide occupational qualification), disability, marital status, sexual orientation, public assistance status, socio-economic status, education, ethnicity and/or national origin. If you believe you have been discriminated against, contact the Human Resources Department, A-4 Government Center, 3 S. Sixth St., Minneapolis MN 55487, or call 612-348-2163. 6-6-8-17

Assessment Report 2017