From July through December of 2017, there were six homes sold, with a median sale price of $172,000 - a 19.9% increase over the $143,450 median sale price for the same period of the previous year. There were six homes sold in New Germany in the second half of 2016, as well.
The median sales tax in New Germany for 2017 was $2,462. In 2016, the median sales tax was $2,524. This marks an decrease of 2.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.
The following table compares New Germany to other Carver County cities in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 89 | 82 | 8.5% | $407,900 | $384,450 | 6.1% |
| Carver | 52 | 43 | 20.9% | $335,500 | $299,000 | 12.2% |
| Chanhassen | 243 | 208 | 16.8% | $328,000 | $324,900 | 1% |
| Waconia | 130 | 126 | 3.2% | $264,750 | $243,200 | 8.9% |
| Chaska | 203 | 212 | -4.2% | $254,900 | $240,000 | 6.2% |
| Mayer | 27 | 27 | 0% | $247,000 | $223,200 | 10.7% |
| Cologne | 16 | 21 | -23.8% | $228,500 | $238,000 | -4% |
| Watertown | 43 | 48 | -10.4% | $224,500 | $201,450 | 11.4% |
| Norwood Young America | 51 | 50 | 2% | $210,000 | $163,950 | 28.1% |
| New Germany | 6 | 6 | 0% | $172,000 | $143,450 | 19.9% |
| Hamburg | 6 | 8 | -25% | $168,250 | $158,950 | 5.9% |
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