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East Twin Cities

Saturday, November 16, 2024

Ramsey County effective property tax rate in Q3 2022 was lower than the national average

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Property owners in Ramsey County paid 1.1% of the value of their homes in property taxes in the third quarter of 2022, which is less than 1 time the national average, according to the real estate analysis posted by the East Twin Cities.

The median sales price of a Ramsey County home in the third quarter of 2022 was $304,750, based on data from the 1,556 properties sold during that time. In 2019 the median tax bill for the county was $3,296, which is 1.1% of the median value of the homes that were taxed.

This is 1 time lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Ramsey County real estate data showed homeowners in St. Anthony and St. Paul paid the highest rates.

The following table compares St. Anthony with some other cities belonging to Ramsey 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
St. Anthony1$215,000$5,0892.4%
St. Paul924$275,000$3,4791.3%
Arden Hills22$425,000$5,1651.2%
Falcon Heights15$381,000$4,7331.2%
Roseville105$333,000$4,0521.2%
Little Canada30$311,550$3,6161.2%
Shoreview79$418,000$4,5991.1%
Lauderdale8$279,000$3,0481.1%
New Brighton67$360,000$4,0681.1%
Vadnais Heights28$337,500$3,7391.1%
Maplewood85$334,900$3,6801.1%
Mounds View38$318,500$3,3601.1%
Gem Lake2$430,000$4,6741.1%
White Bear Township29$361,000$3,8741.1%
North St. Paul48$300,000$3,0871%
White Bear Lake62$314,950$3,2411%
Bellaire3$386,000$3,7351%
North Oaks10$882,500$7,7560.9%

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