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Prior Lake
Prior Lake
Minnesota
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Prior Lake is a city 20 miles (32 km) southwest of downtown Minneapolis seated next to Savage and Shakopee in Scott County in the state of Minnesota. Surrounding the shores of Lower and Upper Prior Lake, the city lies south of the Minnesota River in an area known as South of the River and establishes the urban fringe of the south-southwest portion of Minneapolis-St. Paul, the sixteenth largest metropolitan area in the United States. The population of Prior Lake was 22,796 at the 2010 census. Prior Lake was first incorporated as a village in 1891. Prior Lake is one of the oldest cities in the south metro area. The city's modern rapid growth is due in part to the ease of access for commuters, the rest of the region, via the upgraded State Highway 13.

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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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