Ramsey County issued the following announcement on March 29.
The 2022 Assessor’s Report details changes and trends in assessed property values in Ramsey County based on type and location. The annual report is available via Open Ramsey County. Property owners can review this report to help provide a context for why their property values have changed over the past year. Property valuation notices and property tax statements were sent to property owners in March, which describe the changes specific to their property.
Total growth in the 2022 assessed value of Ramsey County real property was $7.99 billion, with $5.91 billion of that growth coming from residential property. Property is at its highest value in Ramsey County history at $69.99 billion. The 2022 assessment values are based on market activity that occurred in 2021. Any 2021 assessment data used in this report for comparative purposes was extracted at the end of 2021.
Median values of single-family homes increased most significantly in the Saint Paul neighborhoods of Dayton’s Bluff and Payne-Phalen. In the suburbs, the most significant value increases were in the cities of Lauderdale and White Bear Lake.
Original source can be found here.
