Taxes in Woodbury, Minnesota
Complete tax guide for Woodbury, MN. State income tax up to 7.85%, 1.19% property tax, 8.11% sales tax. Calculate your total tax burden.
State Income Tax
7.85%
Minnesota
Property Tax
1.19%
Effective rate
Sales Tax
8.11%
Combined rate
Tax Burden
High
Woodbury, MN Tax Overview
Population
75,102
Median Income
$68,000
Cost of Living
106.9 (100 = avg)
State Income Tax
7.85%
Median Home Price
$318,000
Woodbury Tax Calculator
Pre-filled with Woodbury median: $68,000
Total Tax Burden in Woodbury
$17,114
Take-Home: $50,886 · Effective Rate: 25.17%
Federal Tax
$6,574
9.67% eff.
MN State
$5,338
7.85% eff.
FICA
$5,202
7.65% eff.
Take-Home
$50,886
74.83% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $68,000.00 | $5,666.67 |
| Federal Income Tax | -$6,574.00 | -$547.83 |
| Minnesota State Tax | -$5,338.00 | -$444.83 |
| Social Security (6.2%) | -$4,216.00 | -$351.33 |
| Medicare (1.45%) | -$986.00 | -$82.17 |
| Take-Home Pay | $50,886.00 | $4,240.50 |
Property Tax in Woodbury
Median Home
$318,000
Annual Tax
$3,784
Monthly Tax
$315
Effective Rate
1.19%
Sales Tax in Woodbury
Combined Rate
8.11%
State Portion
~5.6%
Local Portion
~2.5%
The combined sales tax rate in Woodbury is 8.11%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.11 in sales tax.
Tax Burden Comparison
| Tax Type | Woodbury | Minnesota Avg | National Avg |
|---|---|---|---|
| Income Tax | 7.85% | 7.85% | 4.6% |
| Property Tax | 1.19% | ~1.19% | 1.1% |
| Sales Tax | 8.11% | ~8.11% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Woodbury 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 Woodbury (1.19%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- The combined sales tax rate of 8.11% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- 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 Woodbury, MN?
Woodbury, 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 8.11%.
How much is property tax in Woodbury?
The effective property tax rate in Woodbury is 1.19%. On the median home price of $318,000, this equals approximately $3,784 per year or $315 per month. This is above the national average of 1.1%.
What is the sales tax rate in Woodbury?
The combined sales tax rate in Woodbury is 8.11%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Woodbury's tax burden compare to other cities?
Woodbury has a high overall tax burden. The effective total tax rate for a median-income household is approximately 31.1%. The combination of 7.85% state income tax, 1.19% property tax, and 8.11% sales tax determines the total burden. Cost of living index is 106.9 (100 = national average).
Are there any local taxes in Woodbury?
Woodbury 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).