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Residents of Minneapolis have an average tax burden of 9.30%. This value is based off a combined estimate of state plus local sales, auto, property and income taxes. In 2017 local taxes alone in this city were 0.9% and Minneapolis was ranked #59 for tax burdens on large American cities. It is also worth noting that much of Minneapolis is in Hennepin County and is subject to 7.775% sales tax. However, another part of the city is in Anoka County and is subject to a total local tax rate of 7.625%.
The estimated population of Minneapolis City, Minnesota is 382,578 with 178,287 of those people taking residence in 163,540 housing units. Minneapolis has around 64,268 housing units that are owned with a mortgage or a loan, 16,171 that are owned free and clear and 83,101 that are renter occupied.
Review active property listings that are eligible for USDA loans in Minneapolis.
According to a compilation of city rankings, the city of Minneapolis is ranked overall as number 168 in the nation. Minneapolis, Minnesota is also ranked poorly at number 282 for the economy and number 120 for socio-demographics.
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