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Princeton
Princeton
Minnesota
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Princeton is a city in Mille Lacs and Sherburne counties in the U.S. state of Minnesota, at the confluence of the Rum River and its West branch. The city is 50 miles north of Minneapolis and 30 miles east of St. Cloud, at the intersection of Highways 169 and 95. The population was 4,698 at the 2010 census. A majority of its residents live in Mille Lacs County.

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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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