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East Twin Cities

Thursday, November 21, 2024

Analysis: Washington County effective property tax rates were lower than the national average in Q2

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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 2024, which is less than 0.9 times 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 2024 was $405,000, based on data from the 833 properties sold during that time. In 2024, the median tax bill for the county was $4,248, which is 1.1% 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 Newport and Oak Park Heights paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Newport11$257,500$3,9011.5%
Oak Park Heights9$239,900$3,4391.4%
Hugo43$313,500$4,1541.3%
Willernie3$259,900$3,3221.3%
St. Paul Park16$283,775$3,3991.2%
Cottage Grove122$360,000$4,0591.1%
Woodbury239$462,822$4,9791.1%
Mahtomedi41$485,000$5,1021.1%
Forest Lake86$349,250$3,5121%
Scandia10$452,000$4,3051%
Oakdale85$350,000$3,5571%
Marine on St. Croix8$534,500$5,4491%
Birchwood Village8$463,750$4,5101%
Stillwater85$485,840$4,4880.9%
Dellwood7$944,000$8,2060.9%
Afton9$680,000$5,6770.8%
Lake Elmo17$670,000$5,4780.8%
Lakeland11$410,000$3,1370.8%
Hastings3$518,000$4,3780.8%
St. Marys Point2$415,000$3,3030.8%
Grant6$883,000$5,4300.6%
Bayport10$520,000$2,8670.6%

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