In June 2019, there were 10 homes sold, with a median sale price of $347,000 - a 25% increase over the $277,500 median sale price for the same period of the previous year. There were four homes sold in Cologne in June 2018.
The median sales tax in Cologne for 2019 was $2,916. In 2018, the median sales tax was $2,876. This marks an increase of 1.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.8%.
The following table compares Cologne to other Carver County cities in June 2019:
| City | June 2019 Home Sales | June 2018 Home Sales | % change (Total Home Sales) | June 2019 Median Sales Price | June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 20 | 16 | 25% | $497,500 | $393,750 | 26.3% |
| Chanhassen | 66 | 45 | 46.7% | $387,500 | $325,000 | 19.2% |
| Carver | 14 | 10 | 40% | $349,825 | $322,391.50 | 8.5% |
| Cologne | 10 | 4 | 150% | $347,000 | $277,500 | 25% |
| Chaska | 60 | 35 | 71.4% | $332,500 | $290,000 | 14.7% |
| Waconia | 31 | 28 | 10.7% | $290,000 | $317,250 | -8.6% |
| Watertown | 13 | 3 | 333.3% | $283,500 | $273,200 | 3.8% |
| Mayer | 6 | 4 | 50% | $279,000 | $305,000 | -8.5% |
| New Germany | 2 | 0 | - | $220,000 | $0 | - |
| Norwood Young America | 7 | 16 | -56.3% | $220,000 | $202,500 | 8.6% |
| Hamburg | 0 | 1 | -100% | $0 | $118,500 | -100% |
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