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The median sales price of a Dakota County home in the second quarter of 2022 was $361,000, based on data from the 1,748 properties sold during that time. In 2022 the median tax bill for the county was $3,416, 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 Dakota County real estate data showed homeowners in Farmington and South St. Paul paid the highest rates.
The following table compares Farmington with some other cities belonging to Dakota County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.
| City | Q2 2022 Sales | Q2 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Farmington | 126 | $350,000 | $4,047 | 1.2% |
| South St. Paul | 86 | $282,500 | $3,104 | 1.1% |
| Rosemount | 106 | $370,000 | $3,526 | 1% |
| Mendota Heights | 45 | $441,000 | $4,449 | 1% |
| Lakeville | 282 | $410,000 | $4,030 | 1% |
| Inver Grove Heights | 142 | $300,000 | $3,018 | 1% |
| West St. Paul | 74 | $314,000 | $3,244 | 1% |
| Northfield | 9 | $425,000 | $4,274 | 1% |
| Eagan | 243 | $390,000 | $3,546 | 0.9% |
| Apple Valley | 247 | $350,000 | $3,304 | 0.9% |
| Hastings | 116 | $312,500 | $2,940 | 0.9% |
| Burnsville | 233 | $375,000 | $3,136 | 0.8% |
| Eureka Center | 3 | $503,900 | $3,906 | 0.8% |
| Empire | 10 | $492,500 | $3,794 | 0.8% |
| Hampton | 10 | $375,500 | $2,654 | 0.7% |
| Lilydale | 2 | $500,000 | $3,068 | 0.6% |
| Castle Rock | 2 | $545,000 | $3,358 | 0.6% |
| Nininger | 1 | $575,000 | $3,124 | 0.5% |
| Randolph | 3 | $468,600 | $2,471 | 0.5% |
| Vermillion | 3 | $570,123 | $2,785 | 0.5% |
| Sunfish Lake | 1 | $3,150,000 | $9,633 | 0.3% |
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