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Minnesota Lake
Minnesota Lake
Minnesota
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Minnesota Lake is a city in Blue Earth and Faribault counties in the State of Minnesota. The population was 687 at the 2010 census. The bulk of the city is in Faribault County; only a small part extends into Blue Earth County. The small Blue Earth County portion of Minnesota Lake is part of the Mankato–Metropolitan Statistical 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.

Learn more about taxes in Minnesota

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