The median sales price of a Ramsey County home in the fourth quarter of 2024 was $307,250, based on data from the 1,090 properties sold during that time. In 2024, the median tax bill for the county was $4,221, 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 Gem Lake and St. Anthony paid the highest rates.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following table compares Gem Lake with some other cities belonging to Ramsey County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2024.
| City | Q4 2024 Sales | Q4 2024 Median Price | Median tax 2024 | Effective tax rate |
|---|---|---|---|---|
| Gem Lake | 4 | $350,000 | $6,097 | 1.7% |
| St. Anthony | 4 | $289,500 | $5,059 | 1.7% |
| St. Paul | 648 | $275,000 | $3,874 | 1.4% |
| North St. Paul | 32 | $294,950 | $4,110 | 1.4% |
| New Brighton | 46 | $352,750 | $4,659 | 1.3% |
| Falcon Heights | 6 | $396,500 | $5,166 | 1.3% |
| Maplewood | 69 | $330,000 | $4,332 | 1.3% |
| Roseville | 77 | $350,000 | $4,610 | 1.3% |
| White Bear Beach | 2 | $366,000 | $4,580 | 1.3% |
| Arden Hills | 8 | $433,000 | $5,302 | 1.2% |
| Shoreview | 47 | $420,000 | $5,128 | 1.2% |
| Lauderdale | 6 | $312,500 | $3,709 | 1.2% |
| Vadnais Heights | 16 | $381,000 | $4,604 | 1.2% |
| White Bear Lake | 47 | $350,000 | $4,077 | 1.2% |
| Little Canada | 13 | $320,000 | $3,816 | 1.2% |
| White Bear Township | 20 | $378,000 | $4,516 | 1.2% |
| Mounds View | 23 | $345,000 | $3,902 | 1.1% |
| North Oaks | 20 | $858,500 | $8,461 | 1% |
| Bellaire | 2 | $888,500 | $4,364 | 0.5% |
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