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Spring Park
Spring Park
Minnesota
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Spring Park is a city on Lake Minnetonka in Hennepin County, Minnesota, United States. The population was 1,669 at the 2010 census. It is located on Lake Minnetonka and has over 4 miles (6.4 km) of shoreline while being less than 0.5 square miles (1 km2) in area. It was incorporated in 1951 and at that time had a population of a little over 200. Its most well known business is Lord Fletcher's, a bar and restaurant on the lake, and is the site of Presbyterian Homes Senior living complex.

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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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