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Dayton
Dayton
Minnesota
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4.5 out of 5 stars based on 0 ratings
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Dayton is a city in Hennepin and Wright counties in the U.S. state of Minnesota. The population was 4,671 at the 2010 census. Dayton is mainly located within Hennepin County, but a part of the city extends into Wright County as well. It is the northernmost city in Hennepin County. The city of Dayton, platted in 1855, is named for city founder, Lyman Dayton (1810–1865). Through his energy and finances, Lyman Dayton was instrumental in bringing the railroad into Minnesota and development of the Lake Superior and Mississippi Railroad, of which he was President until 1865. The line is now part of the Burlington Northern Railroad.

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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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