2021 analysis of GF property values…up or down?

Property values in Grand Forks are projected to climb 2.45% in 2021 according to a report shared with members of the city council.

City Assessor Paul Houdek says at that rate the value of the mill should climb just over 57-hundred dollars this year.  New growth accounts for 1.51% of the increase while revaluation of property bumps things up less than one-percent. Houdek says his office mailed out notices to 1,213 property owners who had increases of 10% or more.

City Administrator Todd Feland says the fact that the office only received three protests speaks well to the process.  “When you think we have nearly 19,000 properties in Grand Forks between residential and commercial and you have only three protests I think it’s a job well done.”

The True and Full Value of all property in the city is approaching $5.1 billion dollars.