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Saturday, November 16, 2024

Analysis: Washington County effective property tax rate were lighter than the national average in Q3 2022

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Property owners in Washington County paid 1% of the value of their homes in property taxes in the third quarter of 2022, which is less than 0.9 times the national average, according to the real estate analysis posted by the East Twin Cities.

The median sales price of a Washington County home in the third quarter of 2022 was $385,000, based on data from the 956 properties sold during that time. In 2022 the median tax bill for the county was $3,862, which is 1% of the median value of the homes that were taxed.

This is 0.9 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Washington County real estate data showed homeowners in Willernie and Marine on St. Croix paid the highest rates.

The following table compares Willernie with some other cities belonging to Washington County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Willernie3$220,000$3,0201.4%
Marine on St. Croix3$385,000$4,9541.3%
Newport13$287,500$3,5461.2%
Mahtomedi33$400,000$4,6381.2%
Woodbury242$428,000$4,5261.1%
Hugo71$360,000$3,7761%
Cottage Grove136$367,500$3,6901%
St. Paul Park15$309,000$3,0901%
Forest Lake106$349,900$3,1930.9%
Scandia9$425,000$3,9140.9%
Afton8$576,250$5,1610.9%
Oakdale103$345,000$3,2340.9%
Lake Elmo21$550,000$4,9800.9%
Lakeland10$320,000$2,8520.9%
Stillwater111$455,000$4,0800.9%
Oak Park Heights12$362,500$3,1260.9%
Birchwood Village5$450,000$4,1000.9%
Bayport17$345,000$2,6060.8%
Lake St. Croix Beach11$320,000$2,6020.8%
Grant13$670,000$4,9360.7%
Hastings2$570,000$3,9800.7%
Lakeland Shores1$525,000$3,2870.6%
Pine Springs3$670,000$4,3460.6%
Dellwood6$1,455,450$7,4600.5%

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