From October through December of 2018, there were 225 homes sold, with a median sale price of $240,000. There were 228 homes sold in Apple Valley in the fourth quarter of 2017, and the median sales price for the period was also $240,000.
The median sales tax in Apple Valley for 2018 was $2,718. In 2014, the median sales tax was $2,436. This marks an increase of 11.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Apple Valley to other Dakota County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Empire | 15 | 7 | 114.3% | $282,000 | $230,000 | 22.6% |
| Eagan | 241 | 208 | 15.9% | $273,000 | $251,500 | 8.5% |
| Burnsville | 231 | 235 | -1.7% | $255,000 | $235,000 | 8.5% |
| Hampton | 4 | 2 | 100% | $252,500 | $185,250 | 36.3% |
| Farmington | 106 | 85 | 24.7% | $242,200 | $228,000 | 6.2% |
| Apple Valley | 225 | 228 | -1.3% | $240,000 | $240,000 | 0% |
| Inver Grove Heights | 132 | 124 | 6.5% | $234,166.50 | $227,500 | 2.9% |
| Lilydale | 4 | 2 | 100% | $228,500 | $462,500 | -50.6% |
| Randolph | 5 | 3 | 66.7% | $220,000 | $205,000 | 7.3% |
| Hastings | 102 | 103 | -1% | $210,000 | $215,000 | -2.3% |
| South St. Paul | 96 | 69 | 39.1% | $209,000 | $186,000 | 12.4% |
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