From April through June of 2018, there were 14 homes sold, with a median sale price of $276,500 - a 19.7% increase over the $231,000 median sale price for the same period of the previous year. There were 13 homes sold in Cologne in the second quarter of 2017.
The median sales tax in Cologne for 2018 was $2,876. In 2017, the median sales tax was $2,822. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.
The following table compares Cologne to other Carver County cities in the second quarter of 2018:
| City | Apr. - June 2018 Home Sales | Apr. - June 2017 Home Sales | % change (Total Home Sales) | Apr. - June 2018 Median Sales Price | Apr. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 51 | 72 | -29.2% | $420,000 | $405,000 | 3.7% |
| Chanhassen | 138 | 147 | -6.1% | $342,950 | $316,900 | 8.2% |
| Carver | 29 | 30 | -3.3% | $320,000 | $320,500 | -0.2% |
| Waconia | 74 | 98 | -24.5% | $308,400 | $257,125 | 19.9% |
| Mayer | 10 | 21 | -52.4% | $286,000 | $230,000 | 24.3% |
| Cologne | 14 | 13 | 7.7% | $276,500 | $231,000 | 19.7% |
| Watertown | 11 | 37 | -70.3% | $273,200 | $235,000 | 16.3% |
| Chaska | 100 | 141 | -29.1% | $238,250 | $278,500 | -14.5% |
| Norwood Young America | 24 | 27 | -11.1% | $186,200 | $200,000 | -6.9% |
| New Germany | 2 | 2 | 0% | $138,925 | $190,000 | -26.9% |
| Hamburg | 1 | 4 | -75% | $118,500 | $152,750 | -22.4% |
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