Taxes in Savage, Minnesota
Complete tax guide for Savage, MN. State income tax up to 7.85%, 1.16% property tax, 7.79% sales tax. Calculate your total tax burden.
State Income Tax
7.85%
Minnesota
Property Tax
1.16%
Effective rate
Sales Tax
7.79%
Combined rate
Tax Burden
High
Savage, MN Tax Overview
Population
32,800
Median Income
$65,100
Cost of Living
96 (100 = avg)
State Income Tax
7.85%
Median Home Price
$269,000
Savage Tax Calculator
Pre-filled with Savage median: $65,100
Total Tax Burden in Savage
$16,027
Take-Home: $49,074 · Effective Rate: 24.62%
Federal Tax
$5,936
9.12% eff.
MN State
$5,110
7.85% eff.
FICA
$4,980
7.65% eff.
Take-Home
$49,074
75.38% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $65,100.00 | $5,425.00 |
| Federal Income Tax | -$5,936.00 | -$494.67 |
| Minnesota State Tax | -$5,110.35 | -$425.86 |
| Social Security (6.2%) | -$4,036.20 | -$336.35 |
| Medicare (1.45%) | -$943.95 | -$78.66 |
| Take-Home Pay | $49,073.50 | $4,089.46 |
Property Tax in Savage
Median Home
$269,000
Annual Tax
$3,120
Monthly Tax
$260
Effective Rate
1.16%
Sales Tax in Savage
Combined Rate
7.79%
State Portion
~5.3%
Local Portion
~2.5%
The combined sales tax rate in Savage is 7.79%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.79 in sales tax.
Tax Burden Comparison
| Tax Type | Savage | Minnesota Avg | National Avg |
|---|---|---|---|
| Income Tax | 7.85% | 7.85% | 4.6% |
| Property Tax | 1.16% | ~1.16% | 1.1% |
| Sales Tax | 7.79% | ~7.79% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Savage 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 Savage (1.16%) 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.
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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 Savage, MN?
Savage, Minnesota has a state income tax rate up to 7.85%. The property tax rate is 1.16% and the combined sales tax rate is 7.79%.
How much is property tax in Savage?
The effective property tax rate in Savage is 1.16%. On the median home price of $269,000, this equals approximately $3,120 per year or $260 per month. This is above the national average of 1.1%.
What is the sales tax rate in Savage?
The combined sales tax rate in Savage is 7.79%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Savage's tax burden compare to other cities?
Savage has a high overall tax burden. The effective total tax rate for a median-income household is approximately 30.2%. The combination of 7.85% state income tax, 1.16% property tax, and 7.79% sales tax determines the total burden. Cost of living index is 96 (100 = national average).
Are there any local taxes in Savage?
Savage 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).