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Anoka Times

Monday, November 25, 2024

Analysis: Anoka County effective property tax rates were lower than the national average in Q1

Realestate2

Property owners in Anoka County paid 1.1% of the value of their homes in property taxes in the first quarter of 2024, which is less than 1 time the national average, according to the real estate analysis posted by Anoka Times.

The median sales price of a Anoka County home in the first quarter of 2024 was $320,000, based on data from the 678 properties sold during that time. In 2024, the median tax bill for the county was $3,393, 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 Anoka County real estate data showed homeowners in Nowthen and Centerville paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2019 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Nowthen with some other cities belonging to Anoka County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Nowthen4$200,000$4,0162%
Centerville6$339,300$5,1781.5%
Circle Pines14$274,000$3,8181.4%
Columbus6$335,000$4,6741.4%
Lino Lakes24$348,950$4,5771.3%
Lexington3$275,000$3,7061.3%
Fridley62$299,950$3,5071.2%
Columbia Heights65$263,000$3,1351.2%
Spring Lake Park16$285,250$3,3381.2%
Andover59$353,000$3,7831.1%
Coon Rapids135$312,000$3,0881%
Blaine110$340,000$3,3941%
Ramsey51$350,000$3,4911%
St. Francis12$300,000$2,9341%
Ham Lake26$446,000$3,8230.9%
Anoka52$299,500$2,7240.9%
East Bethel14$353,000$3,2860.9%
Linwood9$400,000$3,3900.8%
Oak Grove9$440,000$2,9970.7%

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