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Thursday, January 30, 2025

Effective property tax rate in Washington County were lower than the national average in Q2 2023

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Property owners in Washington County paid 1.1% of the value of their homes in property taxes in the second quarter of 2023, which is less than 1 time the national average, according to the real estate analysis posted by East Twin Cities.

The median sales price of a Washington County home in the second quarter of 2023 was $385,000, based on data from the 376 properties sold during that time. In 2023, the median tax bill for the county was $4,094, 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 Newport, Woodbury, and Mahtomedi paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Newport4$283,000$3,7591.3%
Woodbury109$410,000$4,7981.2%
Mahtomedi13$420,000$4,9161.2%
St. Paul Park9$299,000$3,2751.1%
Grant5$531,400$5,2321%
Hugo19$406,000$4,0031%
Forest Lake28$351,500$3,3851%
Cottage Grove57$375,000$3,9111%
Oakdale48$347,500$3,4281%
Lake Elmo11$525,000$5,2791%
Stillwater40$435,500$4,3251%
Afton5$608,100$5,4710.9%
Bayport7$310,000$2,7620.9%
Oak Park Heights3$374,500$3,3140.9%
Lakeland3$378,800$3,0230.8%
Scandia8$635,000$4,1490.7%
Dellwood2$1,077,500$7,9080.7%

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