Farmington, Minnesota — Tax Burden
What is the tax burden in Farmington, Minnesota?
Farmington, Minnesota has a total tax burden of 12.50%, ranking #1747 nationally. Property tax rate: 1.23%, state income tax: 6.566%, sales tax: 7.49%. Median household income is $114,737.
Source: US Census ACS, 2022
Ranked #1747 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.50%
Rank: 1747th nationally
Property Tax Rate
1.23%
Rank: 2562nd nationally
Income Tax Rate
6.566%
Minnesota state rate
Sales Tax Rate
7.49%
State + local combined
Tax Burden Breakdown
Property (28%)Income (53%)Sales (20%)
Median Income: $114,737
Median Home Value: $324,200
Median Property Tax: $3,974/yr
Population: 23,487