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Monday, April 21, 2025

Effective property tax rate in Washington County were lower than the national average in Q4 2024

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Property owners in Washington County paid 1.1% of the value of their homes in property taxes in the fourth quarter of 2024, which is less 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 2024 was $390,000, based on data from the 660 properties sold during that time. In 2024, the median tax bill for the county was $4,246, which is 1.1% of the median value of the homes that were taxed.

This is 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 Marine on St. Croix, Hugo, and Birchwood Village 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 U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following table compares Marine on St. Croix 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 2024.

CityQ4 2024 SalesQ4 2024 Median PriceMedian tax 2024Effective tax rate
Marine on St. Croix3$320,000$5,4471.7%
Hugo61$318,600$4,1541.3%
Birchwood Village3$344,000$4,5101.3%
Newport11$320,000$3,9011.2%
Woodbury182$426,000$4,9791.2%
Mahtomedi19$429,000$5,1001.2%
Cottage Grove77$370,000$4,0591.1%
St. Paul Park13$310,000$3,3951.1%
Oakdale71$324,000$3,5571.1%
Lakeland3$280,000$3,1351.1%
Bayport5$269,000$2,8671.1%
Forest Lake57$340,000$3,5091%
Stillwater85$430,000$4,4881%
Dellwood3$930,000$8,1970.9%
Oak Park Heights13$365,000$3,4390.9%
Grant9$640,000$5,4270.8%
Lake Elmo19$675,000$5,4780.8%
Scandia7$575,000$4,3010.7%
Afton9$790,000$5,6760.7%
Lake St. Croix Beach8$414,950$2,8620.7%

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