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2023 Assessment Summary <br />The 2023 preliminary assessment for the City of Centerville has been completed in accordance <br />with state statute and Anoka County guidelines. <br />The assessing staff physically inspected 349 properties during the quintile review process for the <br />2023 assessment. The appraisal staff also inspected 94 properties where building permits were <br />issued for improvements, remodeling, or deconstruction projects during 2022. <br /> <br />st <br />There were 97 total sales recorded in the 2023 assessment study period, which is October 1, <br />2021, through September 30, 2022. 90 sales were residential classification and 7 were <br />commercial, industrial or apartment (CIA) classification. Most of the CIA sales were vacant <br />land (R&R leasing sales, Rehbein, etc.). There were 53 residential sales that met the criteria as <br />Ñqualified salesÒ, according to the MN Department of Revenue. Those sales were the base for <br />adjustments made to the residential properties. The low number of improved commercial, <br />industrial and apartment sales within the city, prompted those classification valuations to be <br />guided by overall County trends, with local adjustments made as appropriate. <br /> <br />The 2023 assessment for the City of Centerville is based on 1,667 parcels of property within the <br />city. The preliminary total estimated market value is $661,749,100, an increase of 7.67% from <br />2022. New construction valuation in the amount of $23,497,400 made up 3.82% of the total <br />increase. After subtracting out the new construction value, the overall city value was <br />$638,251,700 a 3.88% increase. <br /> <br />The chart below illustrates change in the total estimated market value of the City of Centerville <br />for 2018 through 2023. <br /> <br />Revised 5.19.23 <br /> <br />