Taxes in Minnesota

Each state’s tax code is a multifaceted system with many moving parts, and Minnesota is no exception. The first step towards understanding Minnesota’s tax code is knowing the basics.

How does Minnesota rank?  Below, we have highlighted a number of tax rates, ranks, and measures detailing Minnesota’s income tax, business tax, sales tax, and property tax systems. Click the tabs below to explore!

Top Individual Income Tax Rate

9.85%

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State and Local Individual Income Tax Collections per Capita

$1900

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State and Local Tax Burden

10.8%

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Tax Freedom Day

April 30

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Top Corporate Income Tax Rate

9.80%

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State Business Tax Climate Index Ranking

46

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State Sales Tax Rate

6.875%

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Average Local Sales Tax Rate

0.55%

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Combined State and Average Local Sales Tax Rate

6.43%

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State and Local General Sales Tax Collections per Capita

$1026

State Gasoline Tax Rate (cents per gallon)

28.6¢

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State Cigarette Tax Rate (dollars per 20-pack)

$3.04

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Property Taxes Paid as a Percentage of Owner-Occupied Housing Value

1.12%

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State and Local Property Tax Collections Per Capita

$1534


Featured Articles

2018 State Business Tax Climate Index

October 17, 2017

Testimony: Reforming the Estate Tax in Minnesota

January 27, 2017

Minnesota Illustrated: A Visual Guide to Taxes & The Economy

January 25, 2017

Vapor Products and Tax Policy

March 22, 2016


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