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St. Paul Reporter

Monday, December 23, 2024

Ramsey County effective property tax rate in Q4 2022 was higher than the national average

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Property owners in Ramsey County paid 1.2% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 1 time the national average, according to the real estate analysis posted by the St. Paul Reporter.

The median sales price of a Ramsey County home in the fourth quarter of 2022 was $285,000, based on data from the 1,197 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 time 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, St. Anthony, and Lauderdale paid the highest rates.

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 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Gem Lake3$55,000$4,6748.5%
St. Anthony3$125,000$5,0894.1%
Lauderdale8$167,000$3,0481.8%
St. Paul683$250,000$3,4791.4%
Shoreview56$356,250$4,5991.3%
New Brighton42$317,500$4,0681.3%
Falcon Heights9$400,000$4,7331.2%
Vadnais Heights30$322,500$3,7391.2%
Maplewood81$300,000$3,6801.2%
Roseville100$327,000$4,0521.2%
Little Canada19$300,000$3,6161.2%
White Bear Township22$327,400$3,8741.2%
Mounds View20$301,250$3,3601.1%
North St. Paul33$290,000$3,0871.1%
Bellaire1$355,000$3,7351.1%
Arden Hills15$525,000$5,1651%
North Oaks13$769,000$7,7561%
White Bear Lake57$330,000$3,2411%
White Bear Beach1$550,000$4,0330.7%

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