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North Ramsey News

Tuesday, November 26, 2024

Analysis: Ramsey County effective property tax rates outpaced the national average in Q3 2023

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Property owners in Ramsey County paid 1.3% of the value of their homes in property taxes in the third 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 third quarter of 2023 was $309,400, based on data from the 1,291 properties sold during that time. In 2023, the median tax bill for the county was $4,153, which is 1.3% 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, Little Canada, and White Bear Beach 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 third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
St. Anthony7$230,000$4,6922%
Little Canada17$255,000$3,9621.6%
White Bear Beach4$268,500$4,3541.6%
St. Paul753$280,000$3,9331.4%
Roseville103$330,000$4,4651.4%
Vadnais Heights28$331,000$4,4441.3%
Maplewood67$325,000$4,1511.3%
Mounds View27$306,000$3,9851.3%
Shoreview63$419,900$4,9671.2%
Lauderdale13$290,000$3,3581.2%
New Brighton47$375,000$4,6661.2%
Falcon Heights6$459,500$4,8841.1%
North St. Paul34$332,000$3,6191.1%
White Bear Lake73$335,000$3,6971.1%
White Bear Township20$385,000$4,3801.1%
Arden Hills16$540,000$5,4351%
North Oaks13$885,000$8,4081%

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