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?
- What transactions are generally subject to 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.
What is the MN sales tax rate 2020?
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 2021?
2021 List of Minnesota Local Sales Tax Rates. 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 Minneapolis sales tax?
The 8.025% sales tax rate in Minneapolis consists of 6.875% Minnesota state sales tax, 0.15% Hennepin County sales tax, 0.5% Minneapolis tax and 0.5% Special tax.
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.
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.
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 the sales tax on food in Minnesota?
Sales of grocery food are exempt from the sales tax in Minnesota.