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Tips & tools
A tax tip a day plus an array of tax tools, terms and training will help you through filing and beyond. |
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Minnesota
Minnesota has three state income tax rates: 5.35 percent, 7.05 percent and 7.85 percent. More on Minnesota taxes can be found in the tabbed pages below.
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Income |
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Sales |
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Property |
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Estate |
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Other |
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| Personal income tax |
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Minnesota collects income taxes from its residents utilizing three tax brackets.
For single taxpayers:
-- 5.35 percent on the first $21,310 of taxable income.
-- 7.05 percent on taxable income between $21,311 and $69,990.
-- 7.85 percent on taxable
income of $69,990 and
above.
For married couples filing jointly:
-- 5.35 percent on the first $31,150 of taxable income.
-- 7.05 percent on taxable income between $31,151 and $123,750.
-- 7.85 percent on taxable income of $123,750 and above. |
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Residents of Minnesota must file state returns by April 15 or the next business day if that date falls on a weekend or holiday. |
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A complete list of all Minnesota taxes can be found here. |
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| Sales tax |
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The sales tax in Minnesota for most
items is 6.5 percent. |
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Minnesota's state tax department
also administers sales tax for several local
governments. Updates of local sales tax rates are posted on this Web page. |
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The state also imposes a use
tax on items purchased elsewhere but used within Minnesota. |
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| Personal and real property taxes |
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Each spring, Minnesota property
owners get a property tax bill from their county. Three factors
that affect the tax bill are the amount the local governments
(town, city, county, etc.) spend to provide services to the
community, the estimated market value of the property and the
classification of the property (how it is used). |
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Counties are authorized to grant abatements for one-half of the property taxes payable in 2007 assessed on property damaged by the Ham Lake fire of 2007 or the August 2007 floods designated as part of the presidential disaster area. |
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property assessor determines the classification (home, apartment,
cabin, farm, business) of all property according to its use.
Each class of property is then taxed at a different percentage
of its value. This percentage, or class rate, is determined
by the state legislature. |
| Minnesota has two
property tax refund programs for homeowners: the regular
property tax refund and the special property tax refund. Taxpayers
may be eligible for one or both, depending on income and the
size of the property tax bill. |
| Inheritance and estate taxes |
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Minnesota did not adopt the federal
tax-law changes related to estate taxation. The Form
M706 instructions have details on how to determine the federal
gross estate and how to calculate the Minnesota estate tax. |
| Other Minnesota tax facts |
| Minnesota taxpayers can check the status of their returns via the state's online refund tracking system. |
| Taxpayers who have trouble resolving a tax issue with the Minnesota Department of Revenue and have exhausted all other administrative remedies should contact the state's Taxpayer Rights Advocate for help. |
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| For more information, contact the
Minnesota Department of Revenue at this Web
site or call toll-free (800) 652-9094. |
| To download
tax forms on this site, you will need to install a
free copy
of Adobe Acrobat Reader. Click here for instructions. |
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