From October through December of 2019, there were 16 homes sold, with a median sale price of $273,000 - a 2.5% decrease over the $280,000 median sale price for the same period of the previous year. There were 59 homes sold in Lino Lakes in the fourth quarter of 2018.
The median sales tax in Lino Lakes for 2019 was $3,738. In 2018, the median sales tax was $3,243. This marks an increase of 15.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.
The following table compares Lino Lakes to other Anoka County cities with similar median sales prices in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Nowthen | 2 | 11 | -81.8% | $310,950 | $280,000 | 11.1% |
| Oak Grove | 5 | 22 | -77.3% | $304,900 | $275,500 | 10.7% |
| Columbus | 3 | 4 | -25% | $300,000 | $236,500 | 26.8% |
| Ham Lake | 13 | 47 | -72.3% | $289,900 | $295,000 | -1.7% |
| Lexington | 1 | 8 | -87.5% | $285,000 | $184,550 | 54.4% |
| Lino Lakes | 16 | 59 | -72.9% | $273,000 | $280,000 | -2.5% |
| Ramsey | 26 | 109 | -76.1% | $267,000 | $250,600 | 6.5% |
| Blaine | 63 | 256 | -75.4% | $265,000 | $242,500 | 9.3% |
| Centerville | 1 | 10 | -90% | $260,000 | $266,500 | -2.4% |
| Circle Pines | 6 | 27 | -77.8% | $253,350 | $209,900 | 20.7% |
| Spring Lake Park | 1 | 30 | -96.7% | $234,500 | $209,500 | 11.9% |
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