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2025 Value Changes by Property Type <br /> <br />The property type that has the largest increase in total market value is single family waterfront <br />properties. Sales of homes on the lakes in Centerville and throughout Anoka Conty on water <br />(lakes and rivers), remain in high demand with low inventory so sale prices continue to <br />increase significantly. Agricultural properties total value increased 4.6%, although there are <br />only a few parcels in Centerville with this classification. The total market value of single-family <br />non-waterfront properties and townhomes are fairly stable (+.67% and -.95% respectively). <br /> <br />The total market value of commercial properties remains fairly stable from last year with just a <br />.34% increase. Industrial property values increased 1.18% overall and apartments down slightly <br />at -.70%. <br /> <br /> <br />The table below depicts the total change in estimated market value from 2024 to 2025 as a <br />percentage for each property type. Specific properties may have an increase or decrease in <br />estimated market value that are not necessarily representative of the aggregate value <br />change for that property type. Each property within the city is valued based on its specific <br />features and location. <br /> <br /> <br /> 2025 TOTAL ESTIMATED MARKET VALUE <br /> CHANGES BY PROPERTY TYPE <br /> <br /> <br />Total Market <br />Property Type <br />Value Change <br />2024 to 2025 <br />Single Family Non-Waterfront .67% <br />Single Family Waterfront 12.67% <br />Townhomes - .95% <br />Agricultural 4.60% <br />Commercial .34% <br />Industrial 1.18% <br />Apartments - .70% <br /> <br /> <br /> <br /> <br />3 <br /> <br />23 <br /> <br />