
Local Sales and Lodging Taxes
Minnesota |
6.875% |
North Dakota |
5 % |
Fargo City Sales Tax |
2 % |
Fargo City Lodging Tax |
3 % |
Moorhead City Lodging Tax |
3 % |
West Fargo City Tax |
1 % |
West Fargo City Lodging Tax |
2 % |
West Fargo Lodging/Restaurant |
1 % |
Casselton City Sales Tax |
1 % |
State Individual Income Tax
5.35 % to 7.85 % |
|
1.84 % to 4.86 % |
*Neither state has an inheritance or gift tax.
Source: Minnesota Department of Revenue, 2010, North Dakota Office of State Tax Commissioner, 2010
Barnesville, MN
Source: Barnesville Economic Devlopment Authority, December 2010 Dilworth, MN
Source: City of Dilworth, December 2010 |
Hawley, MN
Source: City of Hawley, December 2010 Moorhead, MN:
Source: City of Moorhead, December 2010, Based on Pay 2010 Tax Rates |
|
True and Full Value of Property |
$100,000 |
True and Full Value of Property |
$100,000 |
||||||||||||||
|
Assessed Value (50 %) |
$50,000 |
Assessed Value (50 %) |
$50,000 |
||||||||||||||
Taxable Value (9 %) |
$4,500 |
Taxable Value (9 %) |
$4,500 |
||||||||||||||
|
Total MILS |
$321.09 |
Total MILS |
$385.13 |
||||||||||||||
|
Tax Levy (.32109 x $4,500) |
$1,444.91 |
Tax Levy (.38513 x $4,500) |
$1,733 |
||||||||||||||
Source: City of Casselton, October 2010 |
(5 % discount if paid by February 15) |
||||||||||||||||
|
|||||||||||||||||
|
True and Full Value of Property |
$100,000 |
||||||||||||||||
|
Assessed Value (50 % |
$50,000 |
||||||||||||||||
|
Taxable Value (9 %) |
$ 4,500 |
||||||||||||||||
|
Total MILS |
$370.68 |
||||||||||||||||
|
Tax Levy (.37068 x $4,500) |
$ 1,668 |
||||||||||||||||
| (2 year $150,000 exemption for new residential construction ~ $2,500 tax savings) |
|||||||||||||||||
More in-depth tax information is available from the Greater Fargo Moorhead Economic Development Corporation.