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Lakeville
Lakeville
Minnesota
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Lakeville is a city in Dakota County, Minnesota, United States. It is a suburb of Minneapolis-Saint Paul, approximately 20 miles (32 km) south of both downtown Minneapolis and downtown St. Paul. Lakeville is one of the fastest-growing cities in the Twin Cities area. The U.S. Census Bureau recorded its population at 55,954 in 2010. Lakeville lies along Interstate Highway 35. Lakeville first became notable in 1910 when Marion Savage built the Dan Patch Railroad Line to service his Antlers Amusement Park. It later became a flourishing milling center; its agriculture industry is still in operation. While many of Lakeville's workers commute northward to Minneapolis, Saint Paul, and more central suburbs like Bloomington, Lakeville has had major industry since the 1960s—including the Airlake Industrial Park, which is served by Airlake Airport, a regional reliever airport.

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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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