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New Hope
New Hope
Minnesota
1 review
1 out of 5 stars based on 1 ratings
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New Hope is a city in Hennepin County, Minnesota, United States and a suburb of Minneapolis. The population was 20,339 at the 2010 census and 21,032 at the 2015 estimate.

Managed by the Age Friendly Foundation

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There is need for advertisement and follow up. New city members should be oriented and guided.

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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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