Stephen Baker, SAMA, CAE County Assessor Tel: (651) Plato Blvd West, Suite 400 Fax: (651)

Transcription

1 Stephen Baker, SAMA, CAE County Assessor Tel: (651) Plato Blvd West, Suite 4 Fax: (651) Saint Paul, MN 5517 AskCountyAssessor@co.ramsey.mn.us March 25, 216 Dear Ramsey County Community, We are respectfully submitting the 216 Payable 217 Ramsey County Assessor s Report. The valuation notices mailed to each Ramsey County property owner on March 11, 216 included the assessor s proposed 216 estimated market value, the proposed taxable market value, and the proposed property classification for 216 payable 217. Market conditions continue to recover and we are now seeing positive value trends that vary by market areas of the county and by property value and property type. Residential value growth accelerated this past year. Commercial and apartment property values generally experienced greater appreciation than in the 1-3 unit residential property values. Total growth in the 216 assessed value of Ramsey County real property was $2.64 billion, with $1.38 billion of the growth in value coming from residential property. The total assessed estimated market value of Ramsey County property for 216, taxes payable 217, is $45.71 billion, up from last year s $43.8 billion (not-including personal property, utilities and railroad). The total countywide increase in market value of $2.64 billion, included $453.9 million of value from new construction. Growth in 215 in many areas of Ramsey County was greater than it was in 214. Differences in the increases in value between the three major property classes will likely lead to some tax shifting from residential to apartment, commercial and industrial property in 217. The Homestead Market Exclusion benefits most homesteaded residential property in Ramsey County, but it also continues to exaggerate the impact of rising property values on residential property taxes. Due to the nature of the homestead benefit, which declines as the value rises, many homestead property owners are experiencing a greater increase in taxable market value than in their estimated market value. This pattern is established by law and is not scheduled to change. 216 Assessment The percentage changes in 216 aggregate value by property class for the City of St. Paul, and for all the suburbs taken together and countywide are as follows: Overall Residential Commercial/Industrial Apartments City of Saint Paul +7.3% +4.9% +5.8% +21.2% Suburban Ramsey +5.1% +4.3% +2.6% +17.9% Countywide +6.1% +4.6% +4.% +19.9%

2 s for 215 and 216 are as follows: Residential Commercial/Industrial Apartments City of Saint Paul 215 $149,9 $372,15 $531, City of Saint Paul 216 $159,4 $397,1 $65,95 Suburban Ramsey 215 $198,8 $733,2 $1,37,35 Suburban Ramsey 216 $28,1 $772,2 $1,255,7 Countywide 215 $177,7 $482,8 $62, Countywide 216 $186,7 $513,1 $723,6 Residential Market Summary Ramsey County experienced a solid real estate market in 215. According to Northstar MLS, median sale price for Ramsey County at the end of 215 was $188,, up from $177, at 214 year end. With the lowest rate of unemployment of any major metro area, positive factors such as wage increases, attractive rates, and rising rental rates should continue to provide expanded opportunities for home ownership. Current and recent market dynamics featuring low supply and high demand are resulting in increasing sale prices and market values. Foreclosures and short sales in Ramsey County continue to fall. Ramsey County foreclosures in 215 totaled 714, a nine year low, and a reduction of 75% from the 28 peak. values of single family homes increased most dramatically in the North End, Daytons Bluff, East Side, Payne-Phalen and Thomas Dale neighborhoods in St. Paul. In the suburbs, most dramatic value increases were in the cities of North Saint Paul, White Bear Lake, Shoreview, Roseville, and Maplewood. The most active markets for single family homes were Hamline-Midway and Macalester-Groveland in St Paul, and Arden Hills and Shoreview in the suburbs. The townhomes and condos market continue to show steady growth in value and strong sale volume. Townhomes in the North End, Falcon Heights, Roseville and Shoreview had the largest percentage increase in median value. Condos on the East Side, North End, Arden Hills, Moundsview, St. Anthony and Vadnais Heights had the largest percentage increase in median value. Ramsey County new home construction in 215 was again strong, continuing the strength evidenced in 214. Some notable developments are Rapp Farm and Charley Lake Preserve in North Oaks, the Autumn Meadows Development in Shoreview and the Pulte Enclave Development in New Brighton. The assessor s office continues to actively track all market activity and will continue to follow the prices determined by the market in 216 for our 217 assessment. Commercial Market Summary Office With a trend to placing more employees in less space, companies are increasingly focused on office locations served by mass transit to resolve parking challenges, and this trend is beginning to be felt in areas of Saint Paul, both downtown and along the LRT Green Line. The recent trend of shared office space in some urban areas has yet to fully take hold in Saint Paul, but some recent speculative building purchases of older properties along the Green Line suggest that may soon change. Many areas of Ramsey County are still experiencing a soft office market, with persistently high vacancies, and no rent growth. This situation has recently been evidenced by the sales of a few notable large corporate campuses in the east metro at lower than anticipated prices. However, the medical office market continues to show strength, and remains strong. 2

3 Retail The bright spot of the retail market continues to be grocery anchored centers and well located community and neighborhood centers. Several new grocers have entered the Twin Cities market and are aggressively competing for sites, and others are expanding. This includes a redeveloped Cub Foods store in White Bear Lake, and the announcement of a new Kowalski s location at the former Rainbow Foods site in Shoreview. This bodes well for larger retail sites that may be ripe for redevelopment. The recently announced addition of a Von Maur department store to Rosedale will likely cause a ripple effect of additional development, re tenanting and other improvements at the mall and the surrounding area. Although certain retail nodes continue to struggle, there are many more positive signs than negative for the retail property market in both the City of St. Paul and the suburban areas. Industrial The industrial market continues to gain strength in Ramsey County. As in recent years, market demand remains particularly strong for newer facilities with modern amenities. Also, because of the central location Ramsey County enjoys, the market for truck terminals and distribution facilities has demonstrated strength, as well as the market for mini storage facilities. The latter is demonstrated by the conversion of the former HOM furniture outlet in Roseville to a mini storage facility. Although certain segments of the industrial market are still experiencing weak market fundamentals, there is continued optimism with the trend of converting former unused industrial and warehouse space to new uses, from office space to gym space, to new tap rooms in former factory and warehouse space. Apartment The Ramsey County apartment market remains very solid, with increasing rents, continued record low vacancy, new development and strong investor interest. Unlike the other three market segments, the strength of the apartment market is virtually across the board, for almost all locations and property types. In addition to the many apartment projects either recently completed or in the works in the City of Saint Paul, including the Custom House downtown, Hamline Station on the Green Line, and construction beginning at the former Seven Corners Hardware site. New development is also gaining momentum in Ramsey County s suburban areas, with projects either recently completed or in the works in Arden Hills, White Bear Lake, Vadnais Heights and Shoreview. Revaluation Activities Once again, we will have appraisers out reviewing one fifth of the properties in the county again this year, so don t be surprised if you have a visit from one of our staff appraisers. Thank you in advance for your cooperation with our appraisers as they perform their work and encourage you to allow them to review the entire property. Our appraisers will always have Ramsey County identification as well as records describing your property. If you would like additional information about this years assessment, please call or . We are happy to provide you any available information you feel might be helpful. Our office may be reached at or by at: AskCountyAssessor@co.ramsey.mn.us Our website address is: Sincerely, Stephen L. Baker Stephen L. Baker, CAE, SAMA Ramsey County Assessor CC: Ramsey County Commissioners, Ramsey County Manager, Director PR&R, City Managers of Ramsey County 3

4 City St. Paul 215 pay 216 Est Market Totals (with Added Improvement) 216 pay 217 Added Improvement 216 pay 217 Est. Market Totals (with Added Improvement) Est. Market Change from 215 p 216 to 216 p 217 (Including Added Improvements) Est. Market Change from 215 p 216 to 216 p 217 (Without Added Improvements) Growth 15 to 16 Asmt Residential 13,67,997, 76,131,8 14,34,275,4 669,278,4 593,146,6 4.9% Agricultural High 1,46,4 1,162,5 116,1 116,1 11.1% Apartment 2,79,889,9 62,63,9 3,381,179,9 59,29, 527,686, % Commercial/ Industrial 3,53,952,3 6,21,3 3,737,283,6 26,331,3 146,121, 5.84% Total 19,993,885,6 198,946, 21,459,91,4 1,466,15,8 1,267,69,8 7.33% Suburbs 215 pay 216 Est Market Totals (with Added Improvement) 216 pay 217 Added Improvement 216 pay 217 Est. Market Totals (with Added Improvement) Est. Market Change from 215 p 216 to 216 p 217 (Including Added Improvements) Est. Market Change from 215 p 216 to 216 p 217 (Without Added Improvements) Growth 15 to 16 Asmt Residential 16,352,272, 117,61,7 17,6,386,55 78,114,55 59,512, % Agricultural High 33,649,4 36,779,1 3,129,7 3,129,7 9.3% Apartment 1,856,256,4 64,791,7 2,188,788,55 332,532,15 267,74, % Commercial/ Industrial 4,84,265,4 72,652,1 4,965,643,2 125,377,8 52,725,7 2.59% Total 23,82,443,2 255,45,5 24,251,597,4 1,169,154,2 914,18,7 5.7% Countywide 215 pay 216 Est Market Totals (with Added Improvement) 216 pay 217 Added Improvement 216 pay 217 Est. Market Totals (with Added Improvement) Est. Market Change from 215 p 216 to 216 p 217 (Including Added Improvements) Est. Market Change from 215 p 216 to 216 p 217 (Without Added Improvements) Growth 15 to 16 Asmt Residential 3,23,269, 193,733,5 31,4,661,95 1,377,392,95 1,183,659, % Agricultural High 34,695,8 37,941,6 3,245,8 3,245,8 9.36% Apartment 4,647,146,3 127,395,6 5,569,968,45 922,822,15 795,426, % Commercial/ Industrial 8,371,217,7 132,862,4 8,72,926,8 331,79,1 198,846,7 3.96% Total 43,76,328,8 453,991,5 45,711,498,8 2,635,17, 2,181,178,5 6.12% AI = Added Improvement Ramsey County Estimated Market Totals 215 payable 216 vs. 216 payable 217 (Sorted By Property Type And City/Suburban) (Reported s Exclude Personal Property, Manufactured Homes, and State Assessed Utility & Railroad Property) (All 216 pay 217 s are subject to review and change until the conclusion of the Special Board of Appeal and Equalization in mid-june 216) (215 p 216 s Taken From the 215 Spring Mini Abstract (run date: 3/13/15) (216 p 217 s Taken From the 216 Spring Mini Abstract (run date: 3/11/16) (Growth Includes Added Improvement for 215 p 216 and 216 p 217) (Includes Vacant Land for all Property Types) Prepared 3/11/16 JG/SB/TG 4

5 TOTAL COUNTYWIDE ESTIMATED AND TAXABLE VALUE VS. MEDIAN RESIDENTIAL VALUE TRENDS* ASSESSMENT YEARS (21 216) MEDIAN RESIDENTIAL VALUES ('S) TOTAL COUNTYWIDE VALUE (BILLIONS) 5 MEDIAN RESIDENTIAL VALUE ESTIMATED MARKET VALUE TAXABLE MARKET VALUE 2. ASSESSMENT YEAR: MEDIAN RESIDENTIAL VALUE ESTIMATED MARKET VALUE TAXABLE MARKET VALUE

6 Ramsey County Residential Property Trends $26, 245,5 247,8 $24, 236,6 23,8 225,4 226,4 222,4 MEDIAN PROPERTY VALUES $22, $2, $18, $16, 195,2 175,6 178,1 16,5 214,2 195,5 155,3 21,2 182, 17,8 196,5 198,4 214,3 183,2 213,4 199,7 189,7 168,1 155,5 24,7 182,1 149,3 174,7 156,6 194,8 176,1 172,8 156,5 198,8 177,7 149,9 28,1 186,7 159,4 138,2 143,6 $14, Suburban Countywide City 131,8 129,6 $12, ASSESSMENT YEAR 6

7 $9, Ramsey County Commercial/Industrial Property Trends 84, 829, $8, 714,75 736,25 792, 767,6 756,2 714,75 729,2 725, 733,2 772,2 $7, MEDIAN PROPERTY VALUES $6, $5, $4, 551,7 632,15 389,7 633,5 473, 422,1 367,6 54,45 398,1 54, 424,6 567, 569,5 444,45 442,6 525, 399,9 498,8 385, 476,8 48, 361,2 375, 368,4 475, 482,8 372,15 513,1 397,1 $3, 323,5 32,5 334,2 241,45 SUBURBAN COUNTYWIDE CITY $2, ASSESSMENT YEAR 7

8 Ramsey County Apartment Property Trends $1,4, 1,255,7 $1,2, MEDIAN PROPERTY VALUES $1,, $8, $6, 1,2, 9, 762,5 58, 1,5,6 1,2, 1,2, 6, 6, 612, 926,8 881,4 65, 549,8 817,4 792,4 941,6 799,5 572,1 983,4 1,37,35 589,1 62, 723,6 65,95 $4, 392,1 483,5 41, 55, 556,2 53, 566,5 52, 5, 55,4 54, 495, 465,5 462, 44, 51,3 517,95 531, 344, Suburban Countywide City $2, ASSESSMENT YEAR 8

9 City of Saint Paul Overall s (Allocated by Use) * 3,511,545, 3,488,194, 3,42,76,9 3,53,952,3 3,737,283,6 2,274,399,8 2,415,642,45 2,585,696, 2,79,889,9 3,381,179,9 5,333, 5,16, 4,363,2 1,46,4 1,162,5 12,14,398, 12,45,97,75 13,136,175,1 13,67,997, 14,34,275,4 212 pay pay pay pay pay 217 RESIDENTIAL AGRICULTURAL HIGH VALUE APARTMENT COMMERCIAL/ INDUSTRIAL * New construction value is included in values quoted above. s exclude personal property, manufactured homes and state assessed railroad property. 9

10 Ramsey County Suburban Overall s (Allocated by Use) * 4,795,915,8 4,83,628,5 4,751,412,6 4,84,265,4 4,965,643,2 1,56,764,5 1,595,15,4 37,582,2 38,356, 1,676,99,7 1,856,256,4 2,188,788,55 34,372,9 33,649,4 36,779,1 14,4,719,5 14,531,686,3 15,872,95,8 16,352,272, 17,6,386, pay pay pay pay pay 217 RESIDENTIAL AGRICULTURAL HIGH VALUE APARTMENT COMMERCIAL/ INDUSTRIAL * New construction value is included in values quoted above. s exclude personal property, manufactured homes and state assessed railroad property. 1

11 Ramsey County Overall s (Allocated by Use) * 8,37,46,8 8,318,822,5 8,172,119,5 8,371,217,7 8,72,926,8 3,781,164,3 4,1,657,85 42,915,2 43,372, 4,261,795,7 4,647,146,3 5,569,968,45 38,736,1 34,695,8 37,941,6 26,55,117,5 26,577,594,5 29,9,125,9 3,23,269, 31,4,661, pay pay pay pay pay 217 RESIDENTIAL AGRICULTURAL HIGH VALUE APARTMENT COMMERCIAL/ INDUSTRIAL * New construction value is included in values quoted above. s exclude personal property, manufactured homes and state assessed railroad property. 11

12 BLAINE BLAINE SPRING LAKE PARK MOUNDS VIEW SPRING LAKE PARK MOUNDS VIEW NORTH OAKS NORTH OAKS NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE VADNAIS HEIGHTS GEM LAKE VADNAIS HEIGHTS GEM LAKE ST. ANTHONY ST. ANTHONY LITTLE CANADA LITTLE CANADA ROSEVILLE MAPLEWOOD NORTH ST. PAUL ROSEVILLE MAPLEWOOD NORTH ST. PAUL LAUDERDALE LAUDERDALE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK HIGHLAND HIGHLAND 214 to to 216 Ramsey County Estimated Market % Change: Residential Property Miles $ % Change by Jurisdiction No Data Sources: Ramsey County PR & R Ramsey County GIS 12 Map Produced October 4, 216 Ramsey County Assessor's Office

13 BLAINE BLAINE SPRING LAKE PARK MOUNDS VIEW SPRING LAKE PARK MOUNDS VIEW NORTH OAKS NORTH OAKS NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE VADNAIS HEIGHTS GEM LAKE VADNAIS HEIGHTS GEM LAKE ST. ANTHONY ST. ANTHONY LITTLE CANADA LITTLE CANADA ROSEVILLE MAPLEWOOD NORTH ST. PAUL ROSEVILLE MAPLEWOOD NORTH ST. PAUL LAUDERDALE LAUDERDALE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK HIGHLAND HIGHLAND 214 to to 216 Ramsey County Estimated Market % Change: Single Family Residential Miles $ % Change by Jurisdiction No Data Sources: Ramsey County PR & R Ramsey County GIS 13 Map Produced October 4, 216 Ramsey County Assessor's Office

14 BLAINE BLAINE SPRING LAKE PARK MOUNDS VIEW SPRING LAKE PARK MOUNDS VIEW NORTH OAKS NORTH OAKS NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE VADNAIS HEIGHTS GEM LAKE VADNAIS HEIGHTS GEM LAKE ST. ANTHONY ST. ANTHONY LITTLE CANADA LITTLE CANADA ROSEVILLE MAPLEWOOD NORTH ST. PAUL ROSEVILLE MAPLEWOOD NORTH ST. PAUL LAUDERDALE LAUDERDALE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK HIGHLAND HIGHLAND * 214 to to 216 Ramsey County Estimated Market % Change: Townhomes Miles $ % Change by Jurisdiction < No Data Sources: Ramsey County PR & R Ramsey County GIS 14 *Average % change used. Map Produced March 25, 216 Ramsey County Assessor's Office

15 BLAINE BLAINE SPRING LAKE PARK MOUNDS VIEW SPRING LAKE PARK MOUNDS VIEW NORTH OAKS NORTH OAKS NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE VADNAIS HEIGHTS GEM LAKE VADNAIS HEIGHTS GEM LAKE ST. ANTHONY ST. ANTHONY LITTLE CANADA LITTLE CANADA ROSEVILLE MAPLEWOOD NORTH ST. PAUL ROSEVILLE MAPLEWOOD NORTH ST. PAUL LAUDERDALE LAUDERDALE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK HIGHLAND HIGHLAND 214 to to 216 Ramsey County Estimated Market % Change: Condos/Co-ops Miles $ 15 % Change by Jurisdiction < > 2-5 No Data Sources: Ramsey County PR & R Ramsey County GIS Map Produced March 24, 216 Ramsey County Assessor's Office

16 BLAINE BLAINE SPRING LAKE PARK MOUNDS VIEW SPRING LAKE PARK MOUNDS VIEW NORTH OAKS NORTH OAKS NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE VADNAIS HEIGHTS GEM LAKE VADNAIS HEIGHTS GEM LAKE ST. ANTHONY ST. ANTHONY LITTLE CANADA LITTLE CANADA ROSEVILLE MAPLEWOOD NORTH ST. PAUL ROSEVILLE MAPLEWOOD NORTH ST. PAUL LAUDERDALE LAUDERDALE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK HIGHLAND HIGHLAND 214 to to 216 Ramsey County Estimated Market % Change: Apartments Miles $ % Change by Jurisdiction < > 25 No Data Sources: Ramsey County PR & R Ramsey County GIS 16 Map Produced March 21, 216 Ramsey County Assessor's Office

17 BLAINE BLAINE SPRING LAKE PARK MOUNDS VIEW SPRING LAKE PARK MOUNDS VIEW NORTH OAKS NORTH OAKS NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE NEW BRIGHTON ARDEN HILLS SHOREVIEW WHITE BEAR LAKE VADNAIS HEIGHTS GEM LAKE VADNAIS HEIGHTS GEM LAKE ST. ANTHONY ST. ANTHONY LITTLE CANADA LITTLE CANADA ROSEVILLE MAPLEWOOD NORTH ST. PAUL ROSEVILLE MAPLEWOOD NORTH ST. PAUL LAUDERDALE LAUDERDALE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE FALCON HEIGHTS COMO ST ANTHONY PARK NORTH END PAYNE-PHALEN GREATER EAST SIDE HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY HAMLINE-MIDWAY THOMAS DALE DAYTON'S BLUFF SUMMIT- MERRIAM DOWNTOWN UNIVERSITY MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK MACALESTER- GROVELAND SUMMIT HILL WEST SEVENTH WEST SIDE SUNRAY-BATTLECREEK HIGHLAND HIGHLAND 214 to to 216 Ramsey County Estimated Market % Change: Commercial Property Miles $ % Change by Jurisdiction < -15 > Sources: Ramsey County PR & R Ramsey County GIS 17 Map Produced March 22, 216 Ramsey County Assessor's Office

18 216 Ramsey County Breakdown of 216 Estimated Market and Percent Change from Residential Est. Market Less Added Improvement* % Change in Resid. '15 to ' Apartment Est. Market Less Added Improvement* % Change in Apt. '15 to ' Commercial / Industrial Est. Market Less Added Imrovement* % Change in Comm'l '15 to ' Agricultural Est. Market Less Added Improvement* % Change in Ag '15 to ' Total Real Property Est. Market (Excludes Added Imp.t, Utility, Leased Public, Manuf Homes and Railroad) % Change in Total '15 to '16 Arden Hills 783,397, 2.61% 45,253,6 7.96% 324,528,4 -.1% - 1,153,179, 2.3% Blaine 4,522,5 1.67% - 4,522,5 1.67% Falcon Heights 341,528,1 2.47% 51,637, % 21,96,6 3.79% - 415,72,6 4.13% Gem Lake 75,494, 3.6% 23,7, % 2,841,8-1.79% 12,36, 4.9% Lauderdale 117,631,4-1.69% 37,151,2 14.8% 19,11,8 5.37% - 173,884,4 2.2% Little Canada 569,81,4 2.54% 131,837, % 237,222,7 4.98% 1,216,2 9.41% 94,86,7 5.15% Maplewood 2,323,978,2 4.6% 352,47, % 921,624,4-4.52% 5,773,9.% 3,63,847,3 2.66% Mounds View 599,221,6 4.99% 11,81, % 282,94,4 5.12% - 983,243,1 6.11% North St Paul 638,764,1 4.4% 9,687,4 17.5% 82,754,9.64% - 812,26,4 5.27% New Brighton 1,423,19, % 24,196, % 35,776,5 6.4% 1,778,5 5.33% 2,15,861,4 5.63% North Oaks 1,155,154,6 2.36% 56,568,6 5.21% 44,244,1 2.63% 11,964, % 1,267,931,4 2.69% Roseville 2,537,937,1 4.62% 413,651, % 1,35,172, 2.87% 172,5 37.3% 4,256,932,9 5.1% Shoreview 2,476,153,9 4.55% 137,155,2 18.9% 337,996,5-2.31% 4,86,.% 2,956,111,6 4.26% Spring Lake Park 11,231,4 1.22% 81, % 465, 9.18% - 12,56,6 2.53% St Anthony 123,571, 4.15% 129,58, % 61,733,2-5.1% - 314,885,1 4.94% St Paul 14,264,143,6 4.44% 3,318,576, 18.7% 3,677,73,3 5.16% 1,68,9 2.15% 21,26,861,8 6.57% Vadnais Heights 985,6,4.15% 71,311, % 345,158,6 3.9% 2,732,9 8.9% 1,44,263,5 1.77% White Bear Lake 1,652,979,1 4.43% 258,261, % 345,246,5 4.88% - -1.% 2,256,486,7 5.7% White Bear Town 1,127,762,7 3.46% 6,342, 3.23% 147,896,8 4.6% 5,483,3 -.39% 1,287,484,8 3.57%.% Suburban 16,942,784, % 2,123,996, % 4,892,991,1 1.49% 36,769,2 7.75% 23,996,542, 4.18% Countywide 31,26,928,45 4.2% 5,442,572, % 8,57,64,4 3.3% 37,838,1 7.59% 45,257,43,8 5.29% * 216 values are from the 216 Spring Mini Abstract and are subject to review and change until mid -June at the conclusion of the 216 Special Board of Appeal and Equal. **The 215 values have been updated since our previous report in March

19 215 Ramsey County Breakdown of 215 Estimated Market and Percent Change from Residential Est. Market * % Change in Resid. '14 to ' Apartment Est. Market * % Change in Apt. '14 to ' Commercial / Industrial Est. Market * % Change in Comm'l '14 to ' Agricultural % Change in Ag '14 to ' Total Real Property Est. Market (Excludes Utility, Leased Public, Manuf Homes and Railroad) % Change in Total '14 to '15 Arden Hills 763,531,4 2.53% 42,664, % 323,214,4 -.61% -.% 1,129,41,7 2.16% Blaine.%.% 36,616,8.21% -.% 36,616,8.21% Falcon Heights 333,747,1 -.42% 43,98,8.54% 21,16,6 -.35% -.% 398,762,5 -.31% Gem Lake 73,377, %.% 21,692,4.19% 2,893,6-7.74% 97,963,8 8.36% Lauderdale 119,78,5 8.% 4,367, % 18,73,3.22% -.% 178,779, % Little Canada 556,284,7 3.67% 111,279,2 9.67% 226,264,1 2.18% 1,111,6.% 894,939,6 3.99% Maplewood 2,234,51,8 2.61% 316,846,5 8.54% 968,271,5 3.82% 5,773,9 -.12% 3,525,42,7 3.45% Mounds View 572,61,5 4.87% 88,118,3 3.86% 269,148,8 4.34% -.% 929,328,6 4.62% North St Paul 612,413,8 6.12% 77,656, % 82,515,4 -.5% -.% 772,585,6 6.61% New Brighton 1,372,358,6 4.74% 24,111,5 9.66% 32,116,9 -.59% 1,688,5.% 1,898,275,5 4.29% North Oaks 1,13,578,1 5.58% 53,768, 9.% 43,19,4 3.26% 9,35,8.% 1,236,761,3 5.6% Roseville 2,428,157,2.83% 355,799,1 7.3% 1,285,88,2.93% 36,7.% 4,69,81,2 1.4% Shoreview 2,37,352,7 2.55% 116,148,8 9.4% 35,214,5 2.43% 4,86,.% 2,841,522, 2.79% Spring Lake Park 11,96,2 2.18% 675,8 2.44% 425,9.% -.% 12,197,9 2.12% St Anthony 112,569,5 8.31% 116,415,3 24.2% 64,988,9 1.68% -.% 293,973, % St Paul 13,67,997, 4.7% 2,79,889,9 7.94% 3,53,952,3 3.22% 1,46,4-76.2% 19,993,885,6 4.42% Vadnais Heights 984,776,4 3.37% 62,367, 1.16% 335,248, 4.67% 2,528,4.% 1,384,919,8 3.96% White Bear Lake 1,584,656,1 2.83% 219,985,8 9.86% 331,186,3.78% - -1.% 2,135,828,2 3.16% White Bear Town 1,92,91,6 2.2% 6,143,4 15.3% 141,634,.71% 5,54,9.% 1,245,373,9 1.92%.% Suburban 16,352,272, 3.2% 1,856,256,4 1.75% 4,84,265,4 1.87% 33,649,4-2.1% 23,82,443,2 3.35% Countywide 3,23,269, 3.5% 4,647,146,3 9.4% 8,371,217,7 2.44% 34,695,8-1.43% 43,76,328,8 3.84% * 215 values are from the 215 Spring Mini Abstract and are subject to review and change until mid -June at the conclusion of the 215 Special Board of Appeal and Equal. **The 214 values have been updated since our previous report in March 214. Note: Lauderdale Apt % Change reflects a 14M property going from exempt in 214 to taxable in

20 Estimated Market Of Residential** In Ramsey County* 215 Assessment Payable 216 to 216 Assessment Payable 217 Sorted by St. Paul Planning District or City '15 p '16 '16 p '17 MUNI % Chg % Chg Jurisdiction # Sunray-Battlecreek 1 4,837 4, % 146,8 159,8 8.9% 166,73 Greater East Side 2 7,56 6, % 13,3 139,5 7.1% 138,728 West Side 3 3,714 3,76 -.2% 13,3 134,4 3.1% 167,742 Dayton'S Bluff 4 3,947 3,95.1% 99,25 11,3 11.1% 112,638 Payne-Phalen 5 6,74 6, % 112,8 122,1 8.2% 124,914 North End 6 4,49 4, % 92,4 12,5 1.9% 11,274 Thomas Dale 7 2,95 2, % 92,6 1,4 8.4% 13,249 Summit-University 8 3,696 3, % 174,3 186,1 6.8% 238,85 West Seventh 9 3,355 3, % 139,7 149,4 6.9% 164,17 Como 1 4,86 4,863.1% 184,8 195,4 5.7% 22,71 Hamline-Midway 11 3,33 3, % 149,3 154,5 3.5% 158,143 St Anthony Park 12 1,685 1, % 262,6 278,8 6.2% 32,769 Merriam 13 3,86 3, % 258,9 266,5 2.9% 35,571 Macalester-Groveland 14 6,293 6,291.% 277,3 287,3 3.6% 319,13 Highland 15 6,486 6, % 267, 281,5 5.4% 322,225 Summit Hill 16 1,84 1,83-2.1% 34,9 355,8 4.4% 42,25 Downtown 17 1,923 1, % 142,5 152,6 7.1% 182,877 Airport 2 Arden Hills 25 2,56 2,562.1% 276,3 284,7 3.% 34,485 Blaine 29 Fairgrounds 3 Falcon Heights 33 1,292 1,292.% 244,9 247,5 1.1% 265,179 Gem Lake % 233,7 246,9 5.6% 419,328 Lauderdale % 179,9 177,6-1.3% 182,928 Little Canada 53 2,656 2,666.4% 197,3 23,3 3.% 213,539 Maplewood 57 11,339 11, % 181, 19,9 5.5% 25,382 Mounds View 59 3,188 3,126-2.% 172,9 182,4 5.5% 189,24 New Brighton 63 6,227 6, % 24,45 215, 5.2% 23,32 North Oaks 67 1,668 1, % 555,5 585,2 5.3% 664,492 North St. Paul 69 3,599 3,62.1% 156,9 166,8 6.3% 176,798 Roseville 79 11,49 1, % 25,9 217,4 5.6% 232,27 St. Anthony % 167,2 182,2 9.% 23,512 Shoreview 83 9,44 9,441.% 228,9 241,85 5.7% 262,524 Spring Lake Park % 15,5 15,5.% 162,875 Vadnais Heights 89 4,376 4,414.9% 27,6 27,2 -.2% 222,912 White Bear Lake 93 7,679 7, % 182,6 191,5 4.9% 214,299 White Bear Town 97 4,379 4,383.1% 225,4 232, 2.9% 255,259 Suburbs 7,944 7, % 199,7 28,8 4.6% 238,746 City of St. Paul 7,954 7, % 15,3 159,7 6.3% 22,27 Countywide 141, ,65 -.6% 178,4 187,1 4.9% 22,498 *Excludes: added improvement in 216 values, leased public property, exempt property, and vacant land. **Residential property includes single-family, duplexes, triplexes, condos and townhomes. 2 '16 Average

21 Jurisdiction Estimated Market Of Single-Family Homes In Ramsey County* 215 Assessment Payable 216 to 216 Assessment Payable 217 Sorted by St. Paul Planning District or City MUNI # % Chg '15 p '16 '16 p '17 Sunray-Battlecreek 1 4,367 4, % 148,1 162, 9.4% 17,551 Greater East Side 2 6,564 6,562.% 13,1 139,7 7.4% 138,87 West Side 3 3,39 3,29 -.3% 13,1 134,2 3.2% 173,171 Dayton'S Bluff 4 3,183 3,188.2% 99,3 111,4 12.2% 112,563 Payne-Phalen 5 5,722 5,725.1% 113,3 122,95 8.5% 125,52 North End 6 3,691 3, % 93,6 13,9 11.% 11,323 Thomas Dale 7 2,164 2,166.1% 92,5 99,45 7.5% 11,855 Summit-University 8 1,897 1, % 167,75 184,1 9.7% 253,278 West Seventh 9 2,37 2,369.% 137,5 146,8 6.8% 15,8 Como 1 4,529 4,537.2% 186,6 197,6 5.9% 25,839 Hamline-Midway 11 2,915 2, % 147,9 153,8 4.% 156,981 St Anthony Park 12 1,93 1,92 -.1% 325, 334,2 2.8% 351,16 Merriam 13 3,254 3, % 262,1 269,1 2.7% 313,214 Macalester-Groveland 14 5,664 5,663.% 283, 291,4 3.% 33,562 Highland 15 5,729 5, % 279,55 295,1 5.6% 339,222 Summit Hill 16 1,132 1,132.% 399,35 41,5 2.7% 497,738 Downtown % 274,4 292,45 6.6% 554,273 Airport 2 Arden Hills 25 2,132 2,134.1% 3,1 38,2 2.7% 336,41 Blaine 29 Fairgrounds 3 Falcon Heights 33 1,135 1,135.% 248,5 253,6 2.1% 271,893 Gem Lake % 233,7 246,9 5.6% 48,782 Lauderdale % 186,6 184,8-1.% 197,194 Little Canada 53 1,72 1,73.6% 223,9 229,2 2.4% 267,34 Maplewood 57 8,95 8,946.% 19,35 2,55 5.4% 219,65 Mounds View 59 2,836 2,848.4% 174,9 184,8 5.7% 192,113 New Brighton 63 5,23 5,61.8% 218,1 227,6 4.4% 246,147 North Oaks 67 1,493 1, % 545,1 578,8 6.2% 671,34 North St. Paul 69 3,365 3,369.1% 158,1 168,45 6.5% 178,779 Roseville 79 8,543 8,553.1% 216,3 227,15 5.% 254,533 St. Anthony % 276,75 263,7-4.7% 328,974 Shoreview 83 6,612 6,613.% 252,1 266,2 5.6% 34,933 Spring Lake Park % 18,75 187,8 3.9% 184,624 Vadnais Heights 89 2,918 2,922.1% 231,8 229,25-1.1% 261,9 White Bear Lake 93 6,38 6, % 185,1 194,7 5.2% 219,68 White Bear Town 97 3,413 3,416.1% 228,2 234,9 2.9% 265,646 Suburbs 55,358 55,481.2% 212,8 221,9 4.3% 258,857 City of St. Paul 57,339 57,312.% 151,7 161,4 6.4% 27,68 Countywide 112, ,793.1% 188,4 197,4 4.8% 232,847 *Excludes: added improvement in 216 values, leased public property, exempt property, and vacant land. ** Single-family includes half double dwellings, and 2 unit and 3 unit dwellings. 21 % Chg '16 Average

22 Estimated Market Of Townhomes In Ramsey County* 215 Assessment Payable 216 to 216 Assessment Payable 217 Sorted by St. Paul Planning District or City '16 p '17 MUNI % Chg '15 p '16 % Chg '16 Average Jurisdiction # Sunray-Battlecreek % 99,6 18,6 9.% 19,519 Greater East Side % 118,5 116,3-1.9% 121,897 West Side % 118,8 118,8.% 116,8 Dayton'S Bluff % 158,85 158, -.5% 139,65 Payne-Phalen % 128,55 129,7.9% 138,137 North End % 12,5 12,5.% 135,29 Thomas Dale % 134,8 134,8.% 132,444 Summit-University % 168,3 17,6 1.4% 223,89 West Seventh % 193,6 193,6.% 227,619 Como % 17,1 17,1.% 175,38 Hamline-Midway 11 St Anthony Park % 133,5 145,7 9.1% 146,944 Merriam % 36,25 36,25.% 398,913 Macalester-Groveland % 247,8 247,8.% 247,326 Highland % 28, 176,7-15.% 221,739 Summit Hill % 366,55 373,6 1.9% 384,125 Downtown % 427,9 42,8-5.9% 474,782 Airport 2 Arden Hills % 133,9 133, -.7% 155,347 Blaine 29 Fairgrounds 3 Falcon Heights % 25, 25,.% 254,743 Gem Lake 37 Lauderdale % 224,9 19, % 195,548 Little Canada % 197,1 211,45 7.3% 197,152 Maplewood 57 1,789 1,789.% 148,4 148,5.1% 156,556 Mounds View % 165,7 166,2.3% 163,7 New Brighton % 157,8 163,6 3.7% 166,855 North Oaks % 58,5 69,4 5.1% 593,459 North St. Paul % 138,4 152,8 1.4% 152,213 Roseville % 17,5 19,8 11.9% 218,191 St. Anthony % 152,1 154,85 1.8% 171,684 Shoreview 83 2,282 2,282.% 145,15 161, 1.9% 18,66 Spring Lake Park % 146,2 146,2.% 141,749 Vadnais Heights % 139, 145,5 4.7% 173,541 White Bear Lake % 16, 162, 1.3% 185,452 White Bear Town % 256,7 264,8 3.2% 262,385 Suburbs 9,649 9,649.% 157,7 163,3 3.6% 19,766 City of St. Paul 1,442 1,442.% 146,45 145,7 -.5% 178,62 Countywide 11,91 11,91.% 156,3 162, 3.6% 189,114 *Excludes added improvement from 216 values, leased public property, exempt property, and vacant land. *Starting with the 216 assessment, townhomes in condo ownership are now analyzed within this chart. 215 parcel counts and values as of 3/24/16 were used to compare against 216 values for equitability purposes. 22

23 Jurisdiction Estimated Market Of Condos/Co-Ops In Ramsey County* 215 Assessment Payable 216 to 216 Assessment Payable 217 Sorted by St. Paul Planning District or City MUNI # % Chg '15 p '16 Sunray-Battlecreek % 71,2 79, 11.% 76,999 Greater East Side % 11,9 16,3 4.3% 14,13 West Side % 98,4 12,3 4.% 113,721 Dayton'S Bluff % 6, 65,8 9.7% 66,59 Payne-Phalen % 72,2 74,4 3.% 65,35 North End % 7,95 81,6 15.% 86,162 Thomas Dale % 51, 57,1 12.% 58,755 Summit-University 8 1,48 1,48.% 17,5 175,9 3.2% 198,44 West Seventh % 22, 224,1 1.9% 259,767 Como % 8,3 86,4 7.6% 9,634 Hamline-Midway % 69, 73,1 5.9% 72,358 St Anthony Park % 21,5 197,9-1.6% 196,199 Merriam % 113,75 121,7 7.% 142,231 Macalester-Groveland % 45, 42,7-5.1% 61,39 Highland % 138,7 148,4 7.% 154,481 Summit Hill % 189,8 189,8.% 226,571 Downtown 17 1,878 1,878.% 135,45 143,6 6.% 168,823 Airport 2 Arden Hills % 68,5 84,7 23.6% 8,686 Blaine 29 Fairgrounds 3 Falcon Heights % 218,2 198,6-9.% 194,714 Gem Lake 37 Lauderdale % 16,8 11,4 3.4% 12,866 Little Canada % 62,2 66,7 7.2% 7,361 Maplewood % 94,3 18,7 15.3% 11,946 Mounds View % 99,55 114, % 121,13 New Brighton % 19,7 117,5 7.1% 116,448 North Oaks 67 36,5 '16 p '17 % Chg '16 Average North St. Paul % 12,2 117,7 15.2% 118,845 Roseville 79 1,256 1,256.% 72,9 76, 4.3% 92,998 St. Anthony % 123,4 134,5 9.% 148,199 Shoreview % 65,5 77,7 18.6% 79,49 Spring Lake Park 85 Vadnais Heights % 86,6 93,9 8.4% 97,464 White Bear Lake % 11,1 12,1 9.1% 165,457 White Bear Town % 93,7 98,1 4.7% 14,919 Suburbs 5,357 5,357.% 85,6 91,8 7.2% 11,518 City of St. Paul 5,853 5,853.% 139,3 143, 2.7% 167,363 Countywide 11,21 11,21.% 97,9 16,8 9.1% 135,897 *Excludes added improvement from 216 values, leased public property, exempt property, and vacant land. *Starting with the 216 assessment, townhomes in condo ownership are now analyzed on the townhome chart. 215 parcel counts and values as of 3/24/16 were used to compare against 216 values for equitability purposes. 23

24 Jurisdiction Residential Sales Between 1/1/14 and 9/3/15 By District / City MUNI # Sale Count Price Average Price Standard Deviation Sunray-Battlecreek , 169,84 51,16 62,3 43, Greater East Side ,95 145,734 27,264 26, 215, West Side ,75 161,86 58,257 6, 5, Dayton'S Bluff , 132,789 5,492 14, 33, Payne-Phalen , 139,724 43,765 35, 274,9 North End ,5 128,989 48,419 26, 253, Thomas Dale ,25 128,678 37,489 5, 219, Summit-University ,9 27, ,41 75, 1,25, West Seventh ,2 196,36 16,223 56, 66, Como ,45 25,41 63,268 7, 6, Hamline-Midway , 171,491 37,125 8, 339,9 St Anthony ,25 281, , , 685, Merriam ,5 313, ,268 9, 1,5, Macalester-Groveland , 326,44 134,57 35, 95, Highland ,875 35, ,959 85, 975, Summit Hill ,95 386, ,55 84,5 1,12, Downtown , 194, ,18 42, 725, Arden Hills ,75 38, ,56 65, 2,5, Falcon Heights , 271,515 61,17 187, 531, Gem Lake , 415, , ,9 766,65 Lauderdale ,5 185,6 65,555 85, 35, Little Canada ,25 2,244 99,274 55, 661,516 Maplewood , 27,63 74,753 74,5 475, Mounds View ,5 196,41 64,879 75, 489,9 New Brighton , 23,183 91,82 79,9 75, North Oaks , 571, ,683 15, 1,533, North St. Paul ,95 184,468 5,445 46, 364, Roseville ,5 221,28 11,232 48, 85, St. Anthony , 214, ,19 64,75 57, Shoreview ,5 26,154 13,558 56, 1,475, Spring Lake ,5 188,5 54,447 15, 227, Vadnais ,9 214,134 13,455 81, 52, White Bear , 214,374 93,9 72, 985, White Bear ,75 251, ,377 7,77 1,275, City of St. Paul 2, ,9 219, ,637 14, 1,5, Suburbs 2,57 211, 236, ,462 46, 2,5, Countywide 5,34 195, 227, ,8 14, 2,5, **Residential property includes single-family, duplexes, triplexes, condos and townhomes. Minimum Price Maximum Price 24

25 Jurisdiction Sunray-Battlecreek % 6,612,4 7,49, % 7,88,24 Greater East Side % 69,35 71, % 1,546,522 West Side % 26,8 34,8 16.9% 1,118,977 Dayton'S Bluff % 273, 33,4 11.1% 73,994 Payne-Phalen % 279,5 33,4 8.7% 972,793 North End % 668,8 1,229, % 1,481,393 Thomas Dale % 24,5 278,6 16.1% 756,22 Summit-University % 446,2 526,5 18.% 1,13,56 West Seventh % 39,1 424,5 8.8% 3,382,435 Como % 1,24,6 79,9-22.8% 3,687,92 Hamline-Midway % 339,55 384,6 13.3% 65,246 St Anthony Park % 589,1 72,3 19.2% 2,844,832 Merriam % 416,25 493, % 896,251 Macalester-Groveland % 654,3 799, % 1,76,625 Highland % 1,39,6 1,246,5 19.9% 3,183,73 Summit Hill % 647,2 77,15 19.% 1,89,365 Downtown % 4,4,35 4,819,4 2.4% 8,757,122 Airport 2 Arden Hills % 4,942,1 5,615,7 13.6% 4,828,88 Blaine 29 Fairgrounds 3 Falcon Heights % 64,45 753, % 2,171,942 Gem Lake 37 Lauderdale % 862,7 1,29,9 19.4% 2,181,412 Little Canada % 32,4 322,6 6.7% 3,69,314 Maplewood % 1,838,8 2,89,4 13.6% 3,648,11 Mounds View % 266,8 335, % 1,685,861 New Brighton % 1,452,4 1,768,8 21.8% 3,758,89 North Oaks 67 North St. Paul % 39,8 359, 15.9% 1,251,771 Roseville % 1,322,75 1,52,85 15.% 3,971,958 St. Anthony % 1,119, 1,339,9 19.7% 5,119,725 Shoreview % 2,529,7 5,882, % 8,46,519 Spring Lake Park % 675,8 81,2 19.9% 81,2 Vadnais Heights % 1,224, 1,397,4 14.2% 2,521,871 White Bear Lake % 2,385,1 2,97, 24.5% 4,554,515 White Bear Twp % 6,143,4 6,342, 3.2% 6,342, Suburbs % 1,37,35 1,255,7 21.% 3,356,99 City of St. Paul 1,768 1,768.% 531, 65, % 1,742,384 Countywide Estimated Market Of Apartments In Ramsey County* 215 Assessment Payable 216 to 216 Assessment Payable 217 Sorted by City MUNI # % Chg '15 p '16 2,338 2,345.3% 62, 723,6 2.2% 2,139,646 *Excludes added improvement in 216 values, and leased public property and vacant land.. '16 p '17 % Chg '16 Average 25

26 Property Desc. Estimated Market of Apartments in City Of St. Paul* 215 Assessment Payable 216 to 216 Assessment Payable 217, Sorted by LUC LUC % Chg 15 p '16 16 p '17 % Chg 4 6 Units**** % 281,5 31,4 7.1% 7 19 Units**** % 675,5 734,3 8.7% 2 49 Units % 1,624,2 1,899,8 17.% 5 99 Units % 4,233, 4,852,9 14.6% 1+ Units % 9,514,9 11,18, % Vacant Land** % 43,6 43,6.% Apt Misc. Improv % 123,15 14,3-15.3% Fraternity/Sorority % 46,2 426,5 5.% Bed And Breakfast % 34,6 411,3 2.8% All City 1,933 1,934.1% 467,8 551,8 18.% *Excludes added improvement in 216 values, leased public property, exempt property. ** include vacant land parcels (45) ****For the 216 assessment, there was a reassignment which shifted some 41 LUC PINs to 42 LUC. This caused a greater than usual % change of counts. Property Desc. Estimated Market of Apartments in Suburbs* 215 Assessment Payable 216 to 216 Assessment Payable 217, Sorted by LUC LUC % Chg 15 p '16 16 p '17 % Chg 4 6 Units**** % 26,15 29,3 11.6% 7 19 Units**** % 874,9 984, 12.5% 2 49 Units % 2,75,2 2,439,7 17.6% 5 99 Units % 5,193,6 6,22,9 16.% 1+ Units % 9,9, 11,288,15 14.% Vacant Land** % 61,5 62,45 1.5% Apt Misc. Improv % 66, 69,3 5.% Fraternity/Sorority 47 Bed And Breakfast 49 All Suburban*** % 895, 1,128,3 26.1% *Excludes added improvement in 216 values, leased public property, exempt property. ** include vacant land parcels (45) ***The large % increase in overall suburban median value change was influenced by change in parcel count from 215 to 216. ****For the 216 assessment, there was a reassignment which shifted some 41 LUC PINs to 42 LUC. This caused a greater than usual % change of counts. 26

27 Estimated Market Of Commercial Property In Ramsey County* 215 Assessment Payable 216 to 216 Assessment Payable 217 Sorted by City / District Jurisdiction MUNI # Sunray-Battlecreek % 782, 84, % 19,21, Greater East Side % 248,8 286, % 17,3,6 West Side % 349,1 391, % 12,479,8 Dayton'S Bluff % 178,6 194,6 8.96% 18,, Payne-Phalen % 18,35 26, % 24,464,7 North End % 25, 282, % 7,222,8 Thomas Dale % 348,7 375,4 7.66% 6,378,9 Summit-University % 344,5 363, % 8,548, West Seventh % 378,2 42, 6.29% 26,668,6 Como % 497,75 356, % 17,174,3 Hamline-Midway % 392,5 431,8 1.1% 16,66,9 St Anthony Park % 717,8 739,2 2.98% 17,458,3 Merriam % 421,25 455,2 8.6% 22,448, Macalester-Groveland % 44, 434,5 7.44% 3,346,7 Highland % 65,2 65, -.3% 11,181,6 Summit Hill % 594,5 634,9 6.8% 9,553,9 Downtown % 348,45 397, % 8,421,3 Airport 2 Arden Hills % 1,715,5 1,675,2-2.32% 57,6, Blaine % 865, 932, % 5,494,5 Fairgrounds % Chg '15 p '16 '16 p '17 % Chg Falcon Heights % 687,5 78,35 3.1% 3,94,8 Gem Lake % 426, 47,7 1.49% 3,26,3 Lauderdale % 75,5 759, % 2,75, Little Canada % 371,2 389,8 5.1% 19,67, Maplewood % 82,3 832,2 1.45% 15,, Mounds View % 886,6 932,1 5.13% 119,44,3 New Brighton % 7, 74,2 5.74% 11,925, North Oaks % 2,54,7 2,593,9 2.9% 16,466,6 North St. Paul % 352,6 37,2 4.99% 11,28, Roseville % 1,426,9 1,51, 5.19% 89,943,1 St. Anthony % 936,9 1,6,2 7.4% 12,15, Shoreview % 1,5,4 1,81,6 7.58% 38,743,4 Spring Lake Park % 195,4 214,95 1.1% 253,9 Vadnais Heights % 826,5 874, % 16,417,2 White Bear Lake % 42, 447, % 11,481, White Bear Twp % 8, 817, % 7,685,1 Suburbs 2,438 2, % 733,2 772,2 5.32% 15,, City of St. Paul 3,73 3, % 372,15 397,1 6.7% 8,421,3 Countywide 5,511 5, % 482,8 513,1 6.28% 15,, *Excludes added improvement in 216 values, leased public property, exempt property, and vacant land. Maximum 27

28 LUC Property Use - Land use All Ramsey County Commercial Property By Land Use Code 215 Payable 216 Assessment VS. 216 Payable 217 Assessment By Land Use Code (LUC) -COUNTYWIDE % Chg '15 p '16 '16 p '17 % Chg '16 Average 31 Food & Drink Process Plants & Storage % 1,96,8 1,2, % 1,91,5 32 Foundries & Heavy Manufact Plants % 1,585,5 1,45, % 3,123, Manufacturing & Assembly Light % 1,47,95 1,12,6 5.21% 1,718, Industrial - Minumum Improvement % 529,7 553,1 4.42% 1,16, Other Industrial Structures % 274,55 236, % 767, Motels & Tourist Cabins % 1,732,4 1,843, % 2,499, Hotels % 4,688,95 5,356, % 6,188, Nursing Homes & Private Hospitals % 2,, 2,55,5 2.75% 2,417, Assisted Living % 4,64,7 4,895,7 6.32% 6,916,6 415 Trailer/ Mobile Home Park % 2,797,3 2,99,2 4.% 3,464, Other Commercial Housing % 458, 536,1 17.5% 536,1 42 Small Detached Retail (Under 1, Sf) % 31,2 315, 4.58% 386, Supermarkets % 2,813,4 2,834,9.76% 3,286, Discount Stores & Jr Dept Stores % 1,987,15 1,483, % 11,94, Medium Detached Retail % 1,921,5 1,633, % 1,888, Full Line Department Stores % 8,157,55 8,5,1-1.32% 6,937, Neighborhood Shopping Center % 2,592, 2,769,3 6.84% 3,61, Community Shopping Center % 9,586,55 8,548, -1.83% 11,862, Regional Shopping Center 4 4.% 58,25, 56,5, -3.% 57,625, 428 Veterinary Clinic % 466,3 519, % 555, Mixed Residential/Commercial % 256,6 275, % 388, Restaurant, Cafeteria, And/Or Bar % 399,4 467,7 17.1% 738, Small Strip Center % 832,6 96, % 1,86, Convenience Store % 545,8 579, % 671,7 433 Mixed Retail /Commercial % 718,2 715, -.45% 1,25, Retail Condo % 18, 137, % 254, Drive-In Restaurant/Food Service Facility % 643,25 663,4 3.13% 718, Daycare Centers % 734,9 816, % 85, Funeral Homes % 683,75 712, % 82, Medical Clinics & Offices % 463,4 499,2 7.73% 1,119, Medical Office % 2,932,6 2,927,6 -.17% 4,833, Full Service Banks 8 8.% 1,259,7 1,273, 1.6% 1,584, Corporate Campus % 45,5, 13,5, -7.33%* 51,746, Office Buildings (1-2 Stories) % 479,4 485,6 1.29% 1,141, Office Buildings (3 Or More Stories) % 3,752,1 3,675,3-2.5% 7,99,25 45 Condominium Office Units % 193,8 197,1 1.7% 27, Gas Station % 46,7 435,2 7.1% 52, Automotive Service Station % 364,25 44, % 644, Car Washes % 447,7 466,6 4.22% 543, Auto Car Sales & Service % 787,5 843,45 7.1% 1,663, Parking Garage Structure & Lots % 23, 223, % 531, Parking Ramp % 12, 12,6 5.% 975, Parking Ramp % 12, 12,6 5.% 975, Theaters 5 5.% 727,5 8, 9.97% 2,873, Golf Courses % 454,9 569, % 3,452, Bowling Alleys % 1,177,75 1,65, % 1,989, Lodge Halls & Amusement Parks % 369,7 381, % 479, Fitness Center 2 2.% 4,892,85 5,178,2 5.83% 5,178,2 479 Flex Industrial Buildings % 2,2, 2,375,4 7.97% 3,13, Commercial Warehouses % 61, 642,6 5.34% 1,331, Mini Warehouse % 2,19,1 2,449, 16.12% 2,573, Commercial Truck Terminals % 2,542,1 2,796,3 1.% 3,33, Condo Warehouse % 287, 268,8-6.34% 34, Research & Development Facility % 9,,3 1,2, % 1,422, Commercial Minimum Improvement % 393,8 42, 6.65% 81, Other Commercial Structures % 349,4 288, % 788,591 All Suburbs 2,436 2, % 733,2 772,2 5.32% 1,946,571 All City of St. Paul 3,73 3, % 372,15 397,1 6.7% 1,117,158 All Countywide 5,59 5, % 482,8 513,1 6.28% 1,484,924 * Excludes added improvement, and State assessed railroad and utility property * Excludes Vacant Commercial and Industrial Land Parcels * For 16p17 (LUC 446) A division processed in May 215 caused the median to shift (resulting in a large decrease in the median for 216) 28

29 LUC Property Use - Land use City Of St. Paul Commercial Property By Land Use Code 215 Payable 216 Assessment VS. 216 Payable 217 Assessment By Land Use Code (LUC) -City of St. Paul only % Chg '15 p '16 '16 p '17 % Chg '16 Average 31 Food & Drink Process Plants & Storage % 823,2 897,6 9.4% 773, Foundries & Heavy Manufact Plants % 1,585,5 932, % 2,591,8 34 Manufacturing & Assembly Light % 687,3 692,85.81% 1,373, Industrial Minimum Improvement 8 8.% 372,5 481, % 962, Other Industrial Structures % 198,55 198,8.13% 469, Motels & Tourist Cabins 6 6.% 1,444,35 1,588,85 1.% 1,982, Hotels % 8,748,1 8,9, 1.74% 8,893, Nursing Homes & Private Hospitals % 1,96,5 1,49, -4.33% 1,81, Assisted Living % 1,236,65 3,8, 149.6%* 5,167, Other Commercial Housing % 458, 536,1 17.5% 536,1 42 Small Detached Retail (Under 1, Sf) % 29,5 295,2 1.62% 356, Supermarkets % 2,193,25 2,37,5 5.21% 2,36, Discount Stores & Jr Dept Stores 5 5.% 1,485,1 8,548, % 9,645, Medium Detached Retail % 1,2, 1,51, % 1,477, Full Line Department Stores 2 2.% 9,962,5 1,464,8 5.4% 1,464,8 425 Neighborhood Shopping Center % 2,5,4 1,927,8-3.87% 3,267, Community Shopping Center % 8,237,7 7,786, % 9,34, Veterinary Clinic % 429,25 417,7-2.69% 447, Mixed Resid/Commercial % 246,4 263,3 6.86% 377, Restaurant, Cafeteria, And/Or Bar % 32,7 369, % 56, Small Strip Center % 943,7 915,8-2.96% 1,19, Convenience Store % 474,5 525,1 1.77% 597, Mixed Retail /Commercial % 63,15 647,4 2.74% 1,179, Retail Condo % 18, 137, % 254, Drive-In Restaurant/Food Service Facility % 585,8 63,2 2.97% 629, Daycare Centers % 549,15 577,5 5.16% 65, Funeral Homes % 645,3 571, % 719, Medical Clinics & Offices % 372,55 473, % 97, Medical Office % 3,57, 3,748,5 5.% 7,4, Full Service Banks % 1,293,5 1,324, % 1,795, Office Buildings (1-2 Stories) % 379,7 44, 6.4% 754, Office Buildings (3 Or More Stories) % 3,831,5 3,244, % 8,131, Condominium Office Units % 219, 23, 5.2% 41, Gas Station % 432,25 45, 4.11% 471, Automotive Service Station % 299,1 325, % 463, Car Washes 8 8.% 44,95 516, % 543, Auto Car Sales & Service % 242,1 26, % 295, Parking Garage Structure & Lots % 23, 223, % 531, Parking Ramp % 12, 12,6 5.% 975, Theaters 2 2.% 66,25 65, 7.22% 65, 463 Golf Courses % 335,7 539,3 6.65% 2,786, Bowling Alleys 1 1.% 1,292,2 1,354,5 4.82% 1,354,5 464 Bowling Alleys 1 1.% 1,292,2 1,354,5 4.82% 1,354,5 47 Fitness Center 2 2.% 4,892,85 5,178,2 5.83% 5,178,2 479 Flex Industrial Buildings % 2,432,3 2,566,6 5.52% 3,873, Commercial Warehouses % 515,6 549, % 1,164, Mini Warehouse % 2,, 2,2, 1.% 2,55, Commercial Truck Terminals % 977,9 1,77, 74.56% 1,767, Condo Warehouse % 387, 4, 3.36% 481, Research & Development Facility 1 1.% 9,,3 9,18,3 2.% 9,18,3 498 Commercial Minimum Improvement % 316, 331,8 5.% 597, Other Commercial Structures % 162,6 16,5-1.29% 562,948 All City Of Saint Paul Commercial 3,73 3, % 372,15 397,1 6.7% 1,117,158 * Excludes added improvement, and State assessed railroad and utility property * Excludes Vacant Commercial and Industrial Land Parcels * For 16p17 (LUC 413) A division processed in 215 caused the median to shift (resulting in a large increase in the median for 216) 29