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Hopkins
Hopkins
Minnesota
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Hopkins is a suburban city in Hennepin County, Minnesota, United States, located west of Minneapolis. The city is four square miles in size and is surrounded by the larger, west suburban communities of Minnetonka, Saint Louis Park, and Edina. Hopkins is about 98% developed with little remaining vacant land. The population was 17,591 at the 2010 census. U.S. Highway 169 and Minnesota State Highway 7 are two of the main routes in the area.

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Taxes

D

How did Minnesota earn the grade of D? We examined the state taxes based on how age friendly they are. Minnesota has a state sales tax of 6.88%. Of particular interest is that Minnesota does have taxes on social security. There are estate taxes. There are no taxes imposed on inheritance. Minnesota has an effective property tax rate of 1.17%. Weighing these taxes and other taxes most likely to impact the aging population is how Minnesota earned its state tax grade of D.

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