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Anoka Times

Monday, November 25, 2024

Anoka County effective property tax rate in Q4 2023 was lower than the national average

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Property owners in Anoka County paid 1% of the value of their homes in property taxes in the fourth quarter of 2023, which is less than 0.9 times the national average, according to the real estate analysis posted by Anoka Times.

The median sales price of a Anoka County home in the fourth quarter of 2023 was $325,000, based on data from the 824 properties sold during that time. In 2023, the median tax bill for the county was $3,282, which is 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 Anoka County real estate data showed homeowners in Circle Pines and Centerville paid the highest rates.

The above article calculates the effective property tax rate for 2023 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 Circle Pines 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 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Circle Pines17$260,000$3,6941.4%
Centerville8$366,750$5,0101.4%
Lexington4$269,300$3,5851.3%
Linwood10$246,130$3,2801.3%
Lino Lakes40$383,750$4,4281.2%
Fridley79$310,000$3,3931.1%
Columbia Heights76$280,000$3,0331.1%
Spring Lake Park24$292,450$3,2251.1%
Andover57$380,000$3,6601%
Anoka40$272,200$2,6321%
Ramsey79$343,000$3,3771%
Columbus6$457,500$4,5221%
Coon Rapids143$320,000$2,9880.9%
Blaine143$350,000$3,2840.9%
Ham Lake28$426,150$3,6990.9%
East Bethel34$356,844$3,1790.9%
St. Francis10$310,000$2,8380.9%
Oak Grove19$370,000$2,9000.8%
Nowthen6$561,950$3,8860.7%

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