Credit River, Minnesota — Tax Burden
What is the tax burden in Credit River, Minnesota?
Credit River, Minnesota has a total tax burden of 12.52%, ranking #1734 nationally. Property tax rate: 0.84%, state income tax: 6.894%, sales tax: 7.49%. Median household income is $154,145.
Source: US Census ACS, 2022
Ranked #1734 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.52%
Rank: 1734th nationally
Property Tax Rate
0.84%
Rank: 4160th nationally
Income Tax Rate
6.894%
Minnesota state rate
Sales Tax Rate
7.49%
State + local combined
Tax Burden Breakdown
Property (25%)Income (55%)Sales (20%)
Median Income: $154,145
Median Home Value: $576,900
Median Property Tax: $4,859/yr
Population: 5,508