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North Ramsey News

Tuesday, November 26, 2024

Analysis: Ramsey County effective property tax rate outpaced the national average in Q1 2023

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Property owners in Ramsey County paid 1.2% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1.1 times the national average, according to the real estate analysis posted by the North Ramsey News.

The median sales price of a Ramsey County home in the first quarter of 2023 was $270,000, based on data from the 869 properties sold during that time. In 2019 the median tax bill for the county was $3,296, which is 1.2% of the median value of the homes that were taxed.

This is 1.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Ramsey County real estate data showed homeowners in White Bear Beach and Little Canada paid the highest rates.

The following table compares White Bear Beach with some other cities belonging to Ramsey County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
White Bear Beach1$225,000$4,2851.9%
Little Canada16$241,110$3,8431.6%
St. Paul554$249,950$3,6961.5%
Roseville69$280,000$4,3051.5%
St. Anthony4$367,500$5,4071.5%
Falcon Heights3$370,000$5,0291.4%
White Bear Township13$290,000$4,1161.4%
Arden Hills7$415,000$5,4881.3%
Shoreview29$375,000$4,8861.3%
Maplewood37$310,500$3,9101.3%
Mounds View12$279,000$3,5701.3%
Lauderdale8$281,500$3,2381.2%
New Brighton22$358,000$4,3221.2%
North St. Paul28$272,000$3,2801.2%
Vadnais Heights15$347,500$3,9721.1%
White Bear Lake43$321,000$3,4441.1%
North Oaks7$880,000$8,2410.9%

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