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North Ramsey News

Thursday, November 21, 2024

Ramsey County effective property tax rate in Q2 2023 was higher than the national average

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Property owners in Ramsey County paid 1.4% of the value of their homes in property taxes in the second quarter of 2023, which is more than 1.2 times the national average, according to the real estate analysis posted by North Ramsey News.

The median sales price of a Ramsey County home in the second quarter of 2023 was $306,000, based on data from the 683 properties sold during that time. In 2023, the median tax bill for the county was $4,153, which is 1.4% of the median value of the homes that were taxed.

This is 1.2 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 St. Anthony and Mounds View paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
St. Anthony2$248,200$4,6921.9%
Mounds View8$256,419$3,9851.6%
Shoreview23$331,500$4,9671.5%
Vadnais Heights15$306,000$4,4441.5%
St. Paul431$277,000$3,9331.4%
Little Canada16$315,000$3,9621.3%
Arden Hills12$452,500$5,4351.2%
New Brighton22$395,000$4,6661.2%
Falcon Heights5$410,000$4,8841.2%
Maplewood37$342,000$4,1511.2%
Roseville40$378,750$4,4651.2%
White Bear Township13$353,000$4,3801.2%
North St. Paul18$320,000$3,6191.1%
North Oaks10$830,000$8,4081%
White Bear Lake29$375,000$3,6971%

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