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Anoka Times

Tuesday, November 12, 2024

Anoka County effective property tax rate in Q2 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 second quarter of 2024, 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 second quarter of 2024 was $350,000, based on data from the 958 properties sold during that time. In 2024, the median tax bill for the county was $3,393, 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 Lexington 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 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 second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Lexington5$218,000$3,7061.7%
Centerville13$369,900$5,1781.4%
Nowthen5$340,000$4,0161.2%
Circle Pines18$315,070$3,8181.2%
Columbus7$399,900$4,6741.2%
Lino Lakes61$429,900$4,5771.1%
Fridley77$315,000$3,5071.1%
Coon Rapids179$320,000$3,0881%
Blaine156$350,000$3,3941%
Columbia Heights80$302,500$3,1351%
Spring Lake Park25$325,000$3,3381%
Andover96$400,000$3,7830.9%
Anoka45$292,300$2,7240.9%
East Bethel30$397,500$3,2860.8%
Ramsey71$414,250$3,4910.8%
St. Francis23$350,000$2,9340.8%
Oak Grove17$425,000$2,9970.7%
Ham Lake30$518,450$3,8230.7%
Linwood10$492,967$3,3900.7%
Martin Lake9$522,500$2,4790.5%

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