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The council unanimously reduced the assessed value of 1321 Oakwood Drive from $633,400 to $608,500 and approved extensions for five property owners to pursue potential changes through the Anoka County Board. Estimated market value across taxable property increased 2.46% for 2027 taxes, with apartments rising 11.38% and residential properties rising 2% overall.
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The approved assessment change lowers the share of local taxes assigned to one property; it does not change the City’s total revenue. Five property owners received more time to seek review of their assessments through the Anoka County Board. City staff reported that most of 22 property-related calls had already been resolved informally.
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