In May 2018, there were three homes sold, with a median sale price of $261,000 - a 23.7% increase over the $211,000 median sale price for the same period of the previous year. There were five homes sold in Cologne in May 2017.
The median sales tax in Cologne for 2018 was $2,876. In 2017, the median sales tax was $2,822. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Cologne to other Carver County cities in May 2018:
| City | May 2018 Home Sales | May 2017 Home Sales | % change (Total Home Sales) | May 2018 Median Sales Price | May 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 20 | 22 | -9.1% | $422,000 | $414,450 | 1.8% |
| Mayer | 2 | 7 | -71.4% | $341,000 | $230,000 | 48.3% |
| Chanhassen | 55 | 49 | 12.2% | $340,000 | $302,500 | 12.4% |
| Carver | 14 | 9 | 55.6% | $311,000 | $312,500 | -0.5% |
| Waconia | 23 | 39 | -41% | $279,150 | $259,900 | 7.4% |
| Cologne | 3 | 5 | -40% | $261,000 | $211,000 | 23.7% |
| Watertown | 3 | 16 | -81.3% | $258,000 | $221,500 | 16.5% |
| Chaska | 32 | 49 | -34.7% | $215,000 | $258,950 | -17% |
| New Germany | 1 | 1 | 0% | $190,600 | $155,000 | 23% |
| Norwood Young America | 6 | 12 | -50% | $181,000 | $216,500 | -16.4% |
| Hamburg | 0 | 2 | -100% | $0 | $152,750 | -100% |
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