From July through September of 2019, there were 49 homes sold, with a median sale price of $295,000 - a 6.5% increase over the $277,000 median sale price for the same period of the previous year. There were 75 homes sold in Lino Lakes in the third 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 1.3%.
The following table compares Lino Lakes to other Anoka County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Linwood | 13 | 17 | -23.5% | $370,000 | $276,500 | 33.8% |
| Ham Lake | 39 | 59 | -33.9% | $355,000 | $316,000 | 12.3% |
| Columbus | 18 | 16 | 12.5% | $349,950 | $380,500 | -8% |
| Oak Grove | 37 | 38 | -2.6% | $345,000 | $307,500 | 12.2% |
| Andover | 144 | 119 | 21% | $320,000 | $287,500 | 11.3% |
| Lino Lakes | 49 | 75 | -34.7% | $295,000 | $277,000 | 6.5% |
| Ramsey | 114 | 128 | -10.9% | $279,950 | $240,000 | 16.6% |
| Centerville | 10 | 21 | -52.4% | $268,950 | $300,000 | -10.4% |
| Blaine | 273 | 366 | -25.4% | $267,000 | $247,750 | 7.8% |
| East Bethel | 48 | 58 | -17.2% | $264,800 | $265,000 | -0.1% |
| Lexington | 6 | 9 | -33.3% | $247,450 | $180,000 | 37.5% |
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