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West Twin Cities

Tuesday, December 3, 2024

Carver County effective property tax rate in Q4 2023 was higher than the national average

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Property owners in Carver County paid 1.2% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 1.1 times 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 fourth quarter of 2023 was $375,750, based on data from the 264 properties sold during that time. In 2023, the median tax bill for the county was $4,387, which is 1.2% of the median value of the homes that were taxed.

This is 1.1 times higher 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 Carver, Waconia, and New Germany 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 Carver with some other cities belonging to Carver County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Carver6$290,000$4,8201.7%
Waconia35$360,000$4,5901.3%
New Germany5$300,000$3,7551.3%
Chaska62$317,945$3,8001.2%
Watertown10$317,500$3,7131.2%
Chanhassen76$463,000$4,9521.1%
Victoria40$571,500$6,1861.1%
Mayer5$347,900$3,6831.1%
Cologne11$372,500$3,6991%
Norwood Young America11$305,500$3,0641%

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