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East Twin Cities

Thursday, November 7, 2024

Washington County effective property tax rate in Q4 2023 was higher than the national average

Realestate1

Property owners in Washington County paid 1.2% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 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 fourth quarter of 2023 was $355,000, based on data from the 558 properties sold during that time. In 2023, the median tax bill for the county was $4,094, which is 1.2% of the median value of the homes that were taxed.

This is higher 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 Lakeland Shores and Hugo 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 Lakeland Shores with some other cities belonging to Washington County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Lakeland Shores2$176,750$3,4842%
Hugo44$289,050$4,0031.4%
Cottage Grove67$330,000$3,9111.2%
Woodbury156$394,450$4,7981.2%
St. Paul Park17$267,000$3,2751.2%
Lakeland5$260,000$3,0231.2%
Lake St. Croix Beach5$235,000$2,7581.2%
Forest Lake46$320,000$3,3851.1%
Newport4$330,000$3,7591.1%
Oakdale66$318,000$3,4281.1%
Stillwater64$400,000$4,3251.1%
Mahtomedi20$438,750$4,9161.1%
Willernie3$290,000$3,2011.1%
Pine Springs2$403,000$4,6071.1%
Grant7$614,900$5,2320.9%
Scandia8$470,000$4,1490.9%
Lake Elmo14$577,263$5,2790.9%
Dellwood5$900,000$7,9080.9%
Oak Park Heights9$349,900$3,3140.9%
Marine on St. Croix2$797,500$5,2510.7%
Bayport2$372,500$2,7620.7%
Afton6$878,800$5,4710.6%

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