Lakeville, Minnesota — Tax Burden
What is the tax burden in Lakeville, Minnesota?
Lakeville, Minnesota has a total tax burden of 12.34%, ranking #1839 nationally. Property tax rate: 1.03%, state income tax: 6.709%, sales tax: 7.49%. Median household income is $129,069.
Source: US Census ACS, 2022
Ranked #1839 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.34%
Rank: 1839th nationally
Property Tax Rate
1.03%
Rank: 3217th nationally
Income Tax Rate
6.709%
Minnesota state rate
Sales Tax Rate
7.49%
State + local combined
Tax Burden Breakdown
Property (26%)Income (54%)Sales (20%)
Median Income: $129,069
Median Home Value: $395,900
Median Property Tax: $4,081/yr
Population: 70,696