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2026 Value Aggregate Year over Year Changes by Classification <br />Agricultural property saw the largest increase in value (5.44%) due to high demand for vacant <br />land for development. Centerville is nearly all developed and there are only a few parcels of <br />agricultural class left in the city. Apartment property values increased slightly (2.79%). <br />Commercial & Industrial property values decreased overall (-6.25%). And overall residential <br />property values remained fairly flat (-.49%), however, this classification did see the most growth <br />in terms of new construction ($3,589,300). Below is a table showing the 2026 totals of Estimated <br />Market Value (EMV) for each major classification of property, the new construction amounts for <br />each, the Net EMV and compares to the 2025 EMV with % change listed for each: <br />2026 Total EMV <br />2026 New <br />Construction <br />Value <br />2026 Net EMV <br />(Less NC) <br />2025 EMV <br />% change less <br />NC <br />Agricultural <br />$ <br />1,774,500 <br />$ <br />23,000 <br />$ <br />1,751,500 <br />$ <br />1,661,100 <br />5.44% <br />Apartment <br />$ <br />9,693,500 <br />$ <br />- <br />$ <br />9,693,500 <br />$ <br />9,430,000 <br />2.79% <br />Commercial/Industrial <br />$ <br />97,021,400 <br />$ <br />428,300 <br />$ <br />96,593,100 <br />$ <br />103,028,300 <br />-6.25% <br />Residential <br />$ <br />603,547,000 <br />$ <br />3,589,300 <br />$ <br />599,957,700 <br />$ <br />602,911,700 <br />-0.49% <br />Total <br />$ <br />712,036,400 <br />$ <br />4,040,600 <br />$ <br />707,995,800 <br />$ <br />717,031,100 <br />-1.26% <br />2026 Value Changes by Property Type <br />When the classifications are broken out further, we see that industrial overall value had the <br />largest change, with a decrease of 7.84%. Agricultural increased 5.44% and apartments <br />increased 2.79%. Commercial properties' overall value decreased by 1.42%. All of the <br />residential breakouts are fairly stable with range of -1.03% to +.87% change in overall value. <br />The table below depicts the total change in estimated market value from 2025 to 2026 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 />Property Type <br />7 of Total Market <br />Value Change <br />2025 to 2026 <br />Single Family Non -Waterfront <br />-.33% <br />Single Family Waterfront <br />+.87% <br />Townhomes <br />- 1.03% <br />Agricultural <br />+5.44% <br />Commercial <br />-1.42% <br />Industrial <br />-7.84% <br />Apartments <br />+2.79% <br />3 <br />