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St. Paul Reporter

Sunday, November 10, 2024

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

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Property owners in Ramsey County paid 1.5% of the value of their homes in property taxes in the first quarter of 2024, which is more than 1.4 times the national average, according to the real estate analysis posted by St. Paul Reporter.

The median sales price of a Ramsey County home in the first quarter of 2024 was $286,000, based on data from the 930 properties sold during that time. In 2024, the median tax bill for the county was $4,310, which is 1.5% of the median value of the homes that were taxed.

This is 1.4 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 Little Canada and St. Anthony paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 Little Canada 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 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Little Canada20$198,000$4,1122.1%
St. Anthony6$283,000$4,8691.7%
St. Paul565$265,000$4,0811.5%
Roseville74$307,500$4,6331.5%
White Bear Beach2$311,000$4,5191.5%
Maplewood35$300,000$4,3081.4%
Mounds View18$288,500$4,1351.4%
Arden Hills10$445,000$5,6401.3%
Shoreview43$387,500$5,1551.3%
New Brighton33$370,000$4,8421.3%
Falcon Heights6$400,000$5,0691.3%
North Oaks6$662,500$8,7251.3%
North St. Paul30$299,000$3,7551.3%
Lauderdale8$280,000$3,4851.2%
Vadnais Heights20$380,000$4,6111.2%
White Bear Township10$373,000$4,5451.2%
White Bear Lake42$357,500$3,8371.1%
Gem Lake2$753,850$5,5480.7%

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