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Saturday, September 21, 2024

Effective property tax rate in Carver County were lighter than the national average in Q3 2022

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Property owners in Carver County paid 0.9% of the value of their homes in property taxes in the third quarter of 2022, which is less than 0.8 times the national average, according to the real estate analysis posted by the West Twin Cities.

The median sales price of a Carver County home in the third quarter of 2022 was $415,000, based on data from the 389 properties sold during that time. In 2021 the median tax bill for the county was $3,848, which is 0.9% of the median value of the homes that were taxed.

This is 0.8 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Carver County real estate data showed homeowners in Waconia and New Germany paid the highest rates.

The following table compares Waconia with some other cities belonging to Carver County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Waconia47$365,000$4,3081.2%
New Germany4$290,000$3,5251.2%
Cologne13$330,000$3,4721.1%
Carver19$424,300$4,5241.1%
Watertown27$330,000$3,4851.1%
Chanhassen100$475,000$4,6481%
Mayer16$332,500$3,4571%
Hamburg4$279,500$2,8521%
Norwood Young America17$275,000$2,8761%
Victoria43$615,000$5,8060.9%
Chaska96$395,000$3,5660.9%

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