The median sales price of a Dakota County home in the fourth quarter of 2022 was $330,000, based on data from the 1,061 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 South St. Paul, Farmington, and West St. Paul paid the highest rates.
The following table compares South St. Paul 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 2022.
| City | Q4 2022 Sales | Q4 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| South St. Paul | 60 | $260,000 | $3,104 | 1.2% |
| Farmington | 69 | $324,000 | $4,047 | 1.2% |
| West St. Paul | 48 | $280,950 | $3,244 | 1.2% |
| Eagan | 146 | $337,500 | $3,546 | 1.1% |
| Lakeville | 152 | $377,911 | $4,030 | 1.1% |
| Inver Grove Heights | 78 | $280,000 | $3,018 | 1.1% |
| Empire | 7 | $352,750 | $3,794 | 1.1% |
| Apple Valley | 135 | $330,000 | $3,304 | 1% |
| Rosemount | 61 | $364,999 | $3,526 | 1% |
| Mendota Heights | 31 | $460,000 | $4,449 | 1% |
| Hastings | 85 | $286,000 | $2,940 | 1% |
| Burnsville | 159 | $350,000 | $3,136 | 0.9% |
| Nininger | 2 | $359,900 | $3,124 | 0.9% |
| Northfield | 5 | $475,000 | $4,274 | 0.9% |
| Hampton | 7 | $325,500 | $2,654 | 0.8% |
| Vermillion | 4 | $330,000 | $2,785 | 0.8% |
| Castle Rock | 2 | $437,500 | $3,358 | 0.8% |
| Eureka Center | 2 | $570,000 | $3,906 | 0.7% |
| Lilydale | 6 | $528,000 | $3,068 | 0.6% |
| Randolph | 1 | $808,000 | $2,471 | 0.3% |
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