Lake City, Minnesota — Tax Burden
What is the tax burden in Lake City, Minnesota?
Lake City, Minnesota has a total tax burden of 12.31%, ranking #1855 nationally. Property tax rate: 1.15%, state income tax: 6.189%, sales tax: 7.49%. Median household income is $71,324.
Source: US Census ACS, 2022
Ranked #1855 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.31%
Rank: 1855th nationally
Property Tax Rate
1.15%
Rank: 2794th nationally
Income Tax Rate
6.189%
Minnesota state rate
Sales Tax Rate
7.49%
State + local combined
Tax Burden Breakdown
Property (30%)Income (50%)Sales (20%)
Median Income: $71,324
Median Home Value: $225,800
Median Property Tax: $2,600/yr
Population: 5,108