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Dakota Times

Wednesday, November 6, 2024

Dakota County effective property tax rate in Q1 2022 was lower than the national average

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Property owners in Dakota County paid 1.1% of the value of their homes in property taxes in the first quarter of 2022, which is less than 1 time the national average, according to the real estate analysis posted by the Dakota Times.

The median sales price of a Dakota County home in the first quarter of 2022 was $320,000, based on data from the 1,042 properties sold during that time. In 2022 the median tax bill for the county was $3,416, 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 Dakota County real estate data showed homeowners in Northfield paid the highest tax rate of 1.4%.

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 first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Northfield5$295,000$4,2741.4%
South St. Paul66$250,000$3,1041.2%
Farmington64$331,500$4,0471.2%
Empire6$305,000$3,7941.2%
West St. Paul49$279,000$3,2441.2%
Mendota Heights19$405,000$4,4491.1%
Inver Grove Heights111$279,000$3,0181.1%
Hastings89$275,000$2,9401.1%
Eagan132$350,650$3,5461%
Apple Valley148$327,750$3,3041%
Lakeville118$392,500$4,0301%
Hampton2$258,250$2,6541%
Randolph2$236,000$2,4711%
Rosemount45$379,000$3,5260.9%
Burnsville172$341,000$3,1360.9%
Lilydale3$378,800$3,0680.8%
Vermillion1$341,500$2,7850.8%
Castle Rock3$411,000$3,3580.8%
Eureka Center2$548,500$3,9060.7%
Sunfish Lake1$3,745,000$9,6330.3%

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