Shorewood, Minnesota — Tax Burden
What is the tax burden in Shorewood, Minnesota?
Shorewood, Minnesota has a total tax burden of 13.65%, ranking #1175 nationally. Property tax rate: 1.08%, state income tax: 6.949%, sales tax: 7.49%. Median household income is $163,525.
Source: US Census ACS, 2022
Ranked #1175 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
13.65%
Rank: 1175th nationally
Property Tax Rate
1.08%
Rank: 3022nd nationally
Income Tax Rate
6.949%
Minnesota state rate
Sales Tax Rate
7.49%
State + local combined
Tax Burden Breakdown
Property (31%)Income (51%)Sales (18%)
Median Income: $163,525
Median Home Value: $643,300
Median Property Tax: $6,918/yr
Population: 7,722