In May 2019, there were 22 homes sold, with a median sale price of $345,750 - a 24.8% increase over the $277,000 median sale price for the same period of the previous year. There were 30 homes sold in Lino Lakes in May 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 1.1%.
The following table compares Lino Lakes to other Anoka County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Nowthen | 5 | 3 | 66.7% | $415,000 | $355,000 | 16.9% |
| Ham Lake | 22 | 26 | -15.4% | $373,750 | $344,250 | 8.6% |
| Lino Lakes | 22 | 30 | -26.7% | $345,750 | $277,000 | 24.8% |
| Andover | 49 | 45 | 8.9% | $325,000 | $312,500 | 4% |
| East Bethel | 12 | 9 | 33.3% | $288,525 | $270,000 | 6.9% |
| Centerville | 8 | 4 | 100% | $282,195 | $256,000 | 10.2% |
| Ramsey | 41 | 32 | 28.1% | $278,500 | $275,000 | 1.3% |
| Oak Grove | 7 | 10 | -30% | $275,000 | $319,200 | -13.8% |
| Blaine | 101 | 98 | 3.1% | $270,000 | $250,000 | 8% |
| Columbus | 3 | 5 | -40% | $270,000 | $314,900 | -14.3% |
| Linwood | 5 | 5 | 0% | $265,000 | $310,000 | -14.5% |
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