The median sales price of a Dakota County home in the first quarter of 2023 was $325,000, based on data from the 771 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 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 1.3%.
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 first quarter of 2023.
| City | Q1 2023 Sales | Q1 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Farmington | 55 | $334,000 | $4,290 | 1.3% |
| Rosemount | 58 | $311,000 | $3,738 | 1.2% |
| South St. Paul | 41 | $265,000 | $3,290 | 1.2% |
| West St. Paul | 42 | $292,500 | $3,439 | 1.2% |
| Eagan | 84 | $356,500 | $3,759 | 1.1% |
| Apple Valley | 107 | $325,000 | $3,502 | 1.1% |
| Burnsville | 122 | $315,000 | $3,324 | 1.1% |
| Mendota Heights | 28 | $418,000 | $4,716 | 1.1% |
| Lakeville | 104 | $385,000 | $4,272 | 1.1% |
| Inver Grove Heights | 61 | $294,000 | $3,199 | 1.1% |
| Hastings | 53 | $272,100 | $3,116 | 1.1% |
| Empire | 6 | $367,500 | $4,022 | 1.1% |
| Hampton | 4 | $315,600 | $2,813 | 0.9% |
| Northfield | 1 | $509,000 | $4,530 | 0.9% |
| Lilydale | 3 | $510,000 | $3,252 | 0.6% |
| Randolph | 1 | $425,000 | $2,619 | 0.6% |
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