Taxes in Bloomington, Minnesota
Complete tax guide for Bloomington, MN. State income tax up to 9.85%, 0.98% property tax, 7.53% sales tax. Calculate your total tax burden.
State Income Tax
9.85%
Minnesota
Property Tax
0.98%
Effective rate
Sales Tax
7.53%
Combined rate
Tax Burden
High
Bloomington, MN Tax Overview
Mall of America; suburban Minneapolis
Population
89,987
Median Income
$65,813
Cost of Living
104.2 (100 = avg)
State Income Tax
9.85%
Median Home Price
$310,000
Bloomington Tax Calculator
Pre-filled with Bloomington median: $65,813
Total Tax Burden in Bloomington
$17,610
Take-Home: $48,203 · Effective Rate: 26.76%
Federal Tax
$6,093
9.26% eff.
MN State
$6,483
9.85% eff.
FICA
$5,035
7.65% eff.
Take-Home
$48,203
73.24% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $65,813.00 | $5,484.42 |
| Federal Income Tax | -$6,092.86 | -$507.74 |
| Minnesota State Tax | -$6,482.58 | -$540.22 |
| Social Security (6.2%) | -$4,080.41 | -$340.03 |
| Medicare (1.45%) | -$954.29 | -$79.52 |
| Take-Home Pay | $48,202.87 | $4,016.91 |
Property Tax in Bloomington
Median Home
$310,000
Annual Tax
$3,038
Monthly Tax
$253
Effective Rate
0.98%
Sales Tax in Bloomington
Combined Rate
7.53%
State Portion
~5.0%
Local Portion
~2.5%
The combined sales tax rate in Bloomington is 7.53%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.53 in sales tax.
Tax Burden Comparison
| Tax Type | Bloomington | Minnesota Avg | National Avg |
|---|---|---|---|
| Income Tax | 9.85% | 9.85% | 4.6% |
| Property Tax | 0.98% | ~0.98% | 1.1% |
| Sales Tax | 7.53% | ~7.53% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Bloomington Residents
- Minnesota's income tax rate of 9.85% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Property tax in Bloomington (0.98%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Minnesota
Calculate Your Full Minnesota Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Bloomington, MN?
Bloomington, Minnesota has a state income tax rate up to 9.85%. The property tax rate is 0.98% and the combined sales tax rate is 7.53%. Mall of America; suburban Minneapolis
How much is property tax in Bloomington?
The effective property tax rate in Bloomington is 0.98%. On the median home price of $310,000, this equals approximately $3,038 per year or $253 per month. This is below the national average of 1.1%.
What is the sales tax rate in Bloomington?
The combined sales tax rate in Bloomington is 7.53%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Bloomington's tax burden compare to other cities?
Bloomington has a high overall tax burden. The effective total tax rate for a median-income household is approximately 32.6%. The combination of 9.85% state income tax, 0.98% property tax, and 7.53% sales tax determines the total burden. Cost of living index is 104.2 (100 = national average).
Are there any local taxes in Bloomington?
Bloomington does not impose a separate local or city income tax. Residents pay the state income tax of 9.85%, federal income tax, and FICA (Social Security and Medicare). Mall of America; suburban Minneapolis