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Anoka Times

Saturday, November 23, 2024

Effective property tax rate in Anoka County were lighter than the national average in Q4 2022

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Property owners in Anoka County paid 0.9% of the value of their homes in property taxes in the fourth quarter of 2022, which is less than 0.8 times the national average, according to the real estate analysis posted by the Anoka Times.

The median sales price of a Anoka County home in the fourth quarter of 2022 was $314,000, based on data from the 881 properties sold during that time. In 2019 the median tax bill for the county was $2,758, which is 0.9% of the median value of the homes that were taxed.

This is 0.8 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Anoka County real estate data showed homeowners in Lexington, Martin Lake, and Centerville paid the highest rates.

The following table compares Lexington with some other cities belonging to Anoka County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Lexington1$120,000$3,3742.8%
Martin Lake5$148,500$2,2481.5%
Centerville14$355,000$4,7151.3%
Circle Pines24$286,250$3,4771.2%
Nowthen8$342,500$3,6571.1%
Fridley82$288,055$3,1941.1%
Spring Lake Park18$272,000$3,0271.1%
Coon Rapids157$295,000$2,8121%
Blaine147$300,000$3,0901%
Lino Lakes42$419,000$4,1681%
Columbia Heights61$280,000$2,8551%
Anoka54$287,500$2,4700.9%
East Bethel20$329,150$2,9920.9%
Ramsey55$334,900$3,1790.9%
St. Francis25$309,900$2,6710.9%
Columbus12$474,500$4,2560.9%
Linwood6$345,000$3,0870.9%
Andover67$425,000$3,4440.8%
Ham Lake38$440,000$3,4810.8%
Oak Grove18$407,500$2,7290.7%

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