Property owners in Dakota 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 Dakota Times.
The median sales price of a Dakota County home in the fourth quarter of 2024 was $360,000, based on data from the 975 properties sold during that time. In 2024, the median tax bill for the county was $3,968, 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 Dakota County real estate data showed homeowners in Northfield, South St. Paul, and West St. Paul paid the highest rates.
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 Northfield with some other cities belonging to Dakota County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2024.
| City | Q4 2024 Sales | Q4 2024 Median Price | Median tax 2024 | Effective tax rate |
|---|---|---|---|---|
| Northfield | 3 | $125,000 | $4,919 | 3.9% |
| South St. Paul | 57 | $280,000 | $3,796 | 1.4% |
| West St. Paul | 35 | $280,000 | $3,794 | 1.4% |
| Rosemount | 60 | $357,500 | $4,149 | 1.2% |
| Apple Valley | 136 | $357,500 | $3,892 | 1.1% |
| Lakeville | 145 | $422,500 | $4,562 | 1.1% |
| Inver Grove Heights | 67 | $311,250 | $3,372 | 1.1% |
| Hastings | 77 | $319,900 | $3,460 | 1.1% |
| Lilydale | 3 | $307,500 | $3,258 | 1.1% |
| Farmington | 62 | $372,500 | $4,252 | 1.1% |
| Empire | 5 | $360,000 | $3,949 | 1.1% |
| Eagan | 144 | $399,201 | $4,080 | 1% |
| Burnsville | 132 | $383,750 | $3,762 | 1% |
| Mendota Heights | 26 | $495,000 | $4,988 | 1% |
| Hampton | 7 | $336,000 | $2,984 | 0.9% |
| Vermillion | 3 | $390,000 | $3,260 | 0.8% |
| Nininger | 2 | $455,000 | $3,280 | 0.7% |
| Castle Rock | 5 | $575,000 | $3,778 | 0.7% |
| Randolph | 2 | $481,000 | $2,712 | 0.6% |
