The median sales price of a Dakota County home in the third quarter of 2022 was $355,000, based on data from the 1,646 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 paid the highest tax rate of 1.2%.
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 third quarter of 2022.
| City | Q3 2022 Sales | Q3 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Farmington | 102 | $350,150 | $4,047 | 1.2% |
| South St. Paul | 85 | $291,000 | $3,104 | 1.1% |
| West St. Paul | 48 | $297,500 | $3,244 | 1.1% |
| Northfield | 8 | $376,200 | $4,274 | 1.1% |
| Apple Valley | 226 | $345,000 | $3,304 | 1% |
| Lakeville | 273 | $415,000 | $4,030 | 1% |
| Inver Grove Heights | 122 | $305,000 | $3,018 | 1% |
| Hampton | 6 | $269,950 | $2,654 | 1% |
| Eagan | 254 | $375,250 | $3,546 | 0.9% |
| Rosemount | 90 | $376,200 | $3,526 | 0.9% |
| Burnsville | 239 | $350,000 | $3,136 | 0.9% |
| Mendota Heights | 40 | $522,500 | $4,449 | 0.9% |
| Hastings | 123 | $311,000 | $2,940 | 0.9% |
| Lilydale | 4 | $368,200 | $3,068 | 0.8% |
| Empire | 9 | $472,000 | $3,794 | 0.8% |
| Eureka Center | 4 | $544,500 | $3,906 | 0.7% |
| Sunfish Lake | 1 | $1,657,500 | $9,633 | 0.6% |
| Castle Rock | 3 | $525,000 | $3,358 | 0.6% |
| Waterford | 3 | $565,500 | $3,170 | 0.6% |
| Randolph | 4 | $467,500 | $2,471 | 0.5% |
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