Our city shared this update on the assessed market value of property.
2022 Assessment Report
The 2022 Assessment Report is in. Edina’s total Estimated Market Value rose from $13.76 billion in 2021 to $15.45 billion in 2022. Overall, that’s a 12.4 percent growth in value from January 2021 to January 2022. Total percentage growth in 2022 exceeds total percentage growth for 2019, 2020 and 2021 combined.
That much growth in one year doesn’t make sense. Is the market catching up? Or getting ahead? Inflation?