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West Twin Cities

Sunday, November 24, 2024

Analysis: Carver County effective property tax rates were lower than the national average in Q2 2023

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Property owners in Carver County paid 1.1% of the value of their homes in property taxes in the second quarter of 2023, which is less than 1 time the national average, according to the real estate analysis posted by West Twin Cities.

The median sales price of a Carver County home in the second quarter of 2023 was $410,700, based on data from the 165 properties sold during that time. In 2023, the median tax bill for the county was $4,387, which is 1.1% of the median value of the homes that were taxed.

This is 1 time 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 Carver paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Waconia21$345,000$4,5901.3%
Carver3$385,000$4,8201.3%
Cologne8$316,250$3,6991.2%
Watertown9$302,500$3,7131.2%
Victoria12$586,450$6,1861.1%
Mayer2$327,450$3,6831.1%
New Germany3$335,000$3,7551.1%
Chanhassen60$505,000$4,9521%
Chaska40$375,000$3,8001%
Norwood Young America5$311,000$3,0641%
Hamburg2$425,000$3,0380.7%

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