From January through December of 2017, there were 41 homes sold, with a median sale price of $225,000 - a 5.5% decrease over the $238,000 median sale price for the previous year. There were 53 homes sold in Cologne in 2016.
The median sales tax in Cologne for 2017 was $2,822. In 2016, the median sales tax was $2,614. This marks an increase of 8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.
The following table compares Cologne to other Carver County cities in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 192 | 181 | 6.1% | $404,250 | $394,900 | 2.4% |
| Carver | 93 | 86 | 8.1% | $327,499 | $295,350 | 10.9% |
| Chanhassen | 468 | 409 | 14.4% | $316,950 | $320,000 | -1% |
| Chaska | 418 | 436 | -4.1% | $259,900 | $242,082.50 | 7.4% |
| Waconia | 260 | 246 | 5.7% | $257,375 | $237,300 | 8.5% |
| Mayer | 57 | 65 | -12.3% | $230,000 | $227,000 | 1.3% |
| Cologne | 41 | 53 | -22.6% | $225,000 | $238,000 | -5.5% |
| Watertown | 91 | 96 | -5.2% | $217,000 | $208,750 | 4% |
| Norwood Young America | 98 | 94 | 4.3% | $197,450 | $164,450 | 20.1% |
| Hamburg | 14 | 13 | 7.7% | $174,250 | $168,000 | 3.7% |
| New Germany | 10 | 13 | -23.1% | $165,500 | $144,900 | 14.2% |
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