Taxes in Edina, Minnesota
Complete tax guide for Edina, MN. State income tax up to 7.85%, 1.19% property tax, 7.33% sales tax. Calculate your total tax burden.
State Income Tax
7.85%
Minnesota
Property Tax
1.19%
Effective rate
Sales Tax
7.33%
Combined rate
Tax Burden
High
Edina, MN Tax Overview
Population
53,494
Median Income
$71,500
Cost of Living
94.7 (100 = avg)
State Income Tax
7.85%
Median Home Price
$347,000
Edina Tax Calculator
Pre-filled with Edina median: $71,500
Total Tax Burden in Edina
$18,427
Take-Home: $53,074 · Effective Rate: 25.77%
Federal Tax
$7,344
10.27% eff.
MN State
$5,613
7.85% eff.
FICA
$5,470
7.65% eff.
Take-Home
$53,074
74.23% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $71,500.00 | $5,958.33 |
| Federal Income Tax | -$7,344.00 | -$612.00 |
| Minnesota State Tax | -$5,612.75 | -$467.73 |
| Social Security (6.2%) | -$4,433.00 | -$369.42 |
| Medicare (1.45%) | -$1,036.75 | -$86.40 |
| Take-Home Pay | $53,073.50 | $4,422.79 |
Property Tax in Edina
Median Home
$347,000
Annual Tax
$4,129
Monthly Tax
$344
Effective Rate
1.19%
Sales Tax in Edina
Combined Rate
7.33%
State Portion
~4.8%
Local Portion
~2.5%
The combined sales tax rate in Edina is 7.33%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.33 in sales tax.
Tax Burden Comparison
| Tax Type | Edina | Minnesota Avg | National Avg |
|---|---|---|---|
| Income Tax | 7.85% | 7.85% | 4.6% |
| Property Tax | 1.19% | ~1.19% | 1.1% |
| Sales Tax | 7.33% | ~7.33% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Edina Residents
- Minnesota's income tax rate of 7.85% 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 Edina (1.19%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- 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
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Edina, MN?
Edina, Minnesota has a state income tax rate up to 7.85%. The property tax rate is 1.19% and the combined sales tax rate is 7.33%.
How much is property tax in Edina?
The effective property tax rate in Edina is 1.19%. On the median home price of $347,000, this equals approximately $4,129 per year or $344 per month. This is above the national average of 1.1%.
What is the sales tax rate in Edina?
The combined sales tax rate in Edina is 7.33%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Edina's tax burden compare to other cities?
Edina has a high overall tax burden. The effective total tax rate for a median-income household is approximately 31%. The combination of 7.85% state income tax, 1.19% property tax, and 7.33% sales tax determines the total burden. Cost of living index is 94.7 (100 = national average).
Are there any local taxes in Edina?
Edina does not impose a separate local or city income tax. Residents pay the state income tax of 7.85%, federal income tax, and FICA (Social Security and Medicare).