Faribault, Minnesota — Tax Burden
What is the tax burden in Faribault, Minnesota?
Faribault, Minnesota has a total tax burden of 12.09%, ranking #1988 nationally. Property tax rate: 1.01%, state income tax: 6.059%, sales tax: 7.49%. Median household income is $58,881.
Source: US Census ACS, 2022
Ranked #1988 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.09%
Rank: 1988th nationally
Property Tax Rate
1.01%
Rank: 3294th nationally
Income Tax Rate
6.059%
Minnesota state rate
Sales Tax Rate
7.49%
State + local combined
Tax Burden Breakdown
Property (29%)Income (50%)Sales (20%)
Median Income: $58,881
Median Home Value: $207,200
Median Property Tax: $2,095/yr
Population: 24,418