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Lanesboro
Lanesboro
Minnesota
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Lanesboro is a city in Fillmore County, Minnesota, United States. The population was 754 at the 2010 census. It was named after F. A. Lane, an early landowner. The Root River flows through it, with a waterfall on the edge of town. The Root River State Trail and other bike paths also serve the town. An Amish community is in the area and the town is home to many unique shops and restaurants, and a new theater.

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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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