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Iron
Iron
Minnesota
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Iron Junction is a city in Saint Louis County, Minnesota, United States. The population was 86 at the 2010 census. Saint Louis County Highway 7 and Iron Junction Road serve as main routes in the community. State Highway 37 (MN 37) is nearby. The name Iron Junction, as a place of residence, is seldom used today by its residents. Those who reside in this community simply identify themselves as a resident of Iron. The road signs posted in the community also simply read "Iron". The city of Iron Junction (Iron) is located within Clinton Township geographically but is a separate entity.

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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.

Learn more about taxes in Minnesota

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