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Saturday, November 23, 2024

Analysis: Washington County effective property tax rate were lighter than the national average in Q1 2023

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Property owners in Washington County paid 1.1% of the value of their homes in property taxes in the first quarter of 2023, 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 Washington County home in the first quarter of 2023 was $350,000, based on data from the 445 properties sold during that time. In 2022 the median tax bill for the county was $3,862, 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 Washington County real estate data showed homeowners in Lake St. Croix Beach, Dellwood, and Willernie paid the highest rates.

The following table compares Lake St. Croix Beach with some other cities belonging to Washington County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Lake St. Croix Beach1$14,000$2,75819.7%
Dellwood4$337,500$7,9082.3%
Willernie3$170,000$3,2011.9%
Grant4$290,000$5,2321.8%
Marine on St. Croix3$299,500$5,2511.8%
Newport6$238,950$3,7591.6%
Hugo30$292,500$4,0031.4%
St. Marys Point1$250,000$3,1831.3%
Cottage Grove54$334,000$3,9111.2%
Woodbury133$400,000$4,7981.2%
St. Paul Park18$279,950$3,2751.2%
Stillwater38$350,000$4,3251.2%
Mahtomedi20$401,000$4,9161.2%
Oakdale51$320,000$3,4281.1%
Lake Elmo10$475,875$5,2791.1%
Forest Lake38$339,900$3,3851%
Afton4$560,550$5,4711%
Bayport4$324,500$2,7620.9%
Oak Park Heights11$355,000$3,3140.9%
Lakeland4$428,500$3,0230.7%
Scandia5$714,000$4,1490.6%
Birchwood Village1$855,000$4,3460.5%
Hastings2$827,500$4,2190.5%

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