Fairmont, Minnesota — Tax Burden
What is the tax burden in Fairmont, Minnesota?
Fairmont, Minnesota has a total tax burden of 11.20%, ranking #2546 nationally. Property tax rate: 0.98%, state income tax: 6.032%, sales tax: 7.49%. Median household income is $56,744.
Source: US Census ACS, 2022
Ranked #2546 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
11.20%
Rank: 2546th nationally
Property Tax Rate
0.98%
Rank: 3415th nationally
Income Tax Rate
6.032%
Minnesota state rate
Sales Tax Rate
7.49%
State + local combined
Tax Burden Breakdown
Property (24%)Income (54%)Sales (22%)
Median Income: $56,744
Median Home Value: $156,700
Median Property Tax: $1,529/yr
Population: 10,411