Contact the Chamber:
218.233.1100
info@fmchamber.com
Local Sales and Lodging Taxes
Minnesota |
6.5% |
North Dakota |
5 % |
Fargo City Sales Tax |
2 % |
Fargo City Lodging Tax |
3 % |
Moorhead City Lodging Tax |
3 % |
West Fargo City Tax |
1 % |
West Fargo City Lodging Tax |
2 % |
West Fargo Lodging/Restaurant |
2 % |
Casselton City Sales Tax |
1 % |
State Individual Income Tax
5.35 % to 7.85 % |
|
1.84 % to 4.86 % |
*Neither state has an inheritance or gift tax.
Source: Minnesota Department of Revenue, 2009, North Dakota Office of State Tax Commissioner, 2009
Barnesville, MN
Source: Barnesville Economic Devlopment Authority, October 2009 Dilworth, MN
Source: City of Dilworth, October 2009 |
Hawley, MN
Source: City of Hawley, October 2009 Moorhead, MN:
Source: City of Moorhead, October 2009, Pay 2009 Tax Rates |
|
True and Full Value of Property |
$100,000 |
True and Full Value of Property |
$100,000 |
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|
Assessed Value (50 %) |
$50,000 |
Assessed Value (50 %) |
$50,000 |
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Taxable Value (9 %) |
$4,500 |
Taxable Value (9 %) |
$4,500 |
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|
Total MILS |
$318.52 |
Total MILS |
$380.43 |
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|
Tax Levy (.31852 x $4,500) |
$1,433.34 |
Tax Levy (.38043 x $4,500) |
$1,712 |
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Source: City of Casselton, October 2009 |
(5 % discount if paid by February 15) |
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|
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|
True and Full Value of Property |
$100,000 |
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|
Assessed Value (50 % |
$50,000 |
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|
Taxable Value (9 %) |
$ 4,500 |
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|
Total MILS |
$441.38 |
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|
Tax Levy (.4499 x $4,500) |
$ 1,986 |
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| (2 year $75,000 exemption for new residential construction ~ $1,508 tax savings) |
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More in-depth tax information is available from the Greater Fargo Moorhead Economic Development Corporation.