To figure the sales tax rate, combine the state general tax rate (6.875 percent) and all applicable local tax rates (local taxes, special local taxes, and special taxes). Apply the total rate to the taxable sales price. Rate charts are available at various percentages. See Rate Charts.
What transactions are subject to the sales tax in Minnesota?
- In the state of Minnesota, sales tax is legally required to be collected from all tangible, physical products being sold to a consumer. Several examples of exceptions to this tax are products intended for babies, clothes, and over the counter medications. This means that someone in the state of Michigan who sells books would be required to charge sales tax, but an individual who owns a store which sells clothing is required to charge sales tax.
What is the current sales tax in Minnesota?
The Minnesota (MN) state sales tax rate is currently 6.875%. Depending on local municipalities, the total tax rate can be as high as 8.375%.
What is the MN sales tax rate 2020?
Minnesota has state sales tax of 6.875%, and allows local governments to collect a local option sales tax of up to 1.5%. There are a total of 407 local tax jurisdictions across the state, collecting an average local tax of 0.422%.
What is the MN sales tax rate 2021?
The base state sales tax rate in Minnesota is 6.88%. Local tax rates in Minnesota range from 0% to 1.5%, making the sales tax range in Minnesota 6.875% to 8.375%.
What is Hennepin County sales tax?
In addition to the 6.875% Minnesota sales and use tax, retail sales and taxable services to locations in Hennepin County are subject to the following local sales and use taxes: 0.15% Hennepin County tax (ballpark) 0.50% Hennepin County Transit.
How much tax is on a dollar in Minnesota?
Sales Tax Calculator of Minnesota for 2021 The state general sales tax rate of Minnesota is 6.875%.
What state has no sales tax?
Alaska. Known as ‘The Last Frontier’, Alaska is the most tax-friendly state in the country. It has no sales tax and no state income tax. Alaska charges a slightly higher than average property tax rate of 1.18%, but the state has several ways to apply for property tax exemptions.
How do you calculate state sales tax?
Calculating Total Cost. Multiply the cost of an item or service by the sales tax in order to find out the total cost. The equation looks like this: Item or service cost x sales tax (in decimal form) = total sales tax. Add the total sales tax to the Item or service cost to get your total cost.
What is the sales tax on food in Minnesota?
Sales of grocery food are exempt from the sales tax in Minnesota.
What city in Minnesota has the highest taxes?
The combined state and local sales tax rates in Minnesota range between 6.875 and 7.875 percent. The city of Duluth and Cook County have the highest combined rate at 7.875 percent. The city of Minneapolis has a combined rate of 7.775 percent while the rate in the city of St. Paul is 7.625 percent.
What is Minnesota sales tax on cars?
The tax rate is 6.5% of the vehicle purchase price. This tax is paid to a deputy registrar or Driver and Vehicle Services of the Department of Public Safety when the title is transferred. A lower sales tax rate applies to sales of older passenger vehicles, collector vehicles, and collector fire trucks.
Is there tax in Minnesota?
The state sales tax rate in Minnesota is 6.875%. Additionally, many counties and cities in Minnesota levy their own local sales taxes, with rates of up to 2.00%.