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| Barnesville, MN | |
|---|---|
| Based on a $100,000 home: | |
| 1% of the first $500,000 of value | |
| Times tax extension rate of 1.17084 | |
| (Minus education/homestead credit) | = $1,121 |
Source: Barnesville Economic Development Authority, September 2007
| Casselton, ND | |
|---|---|
| True and Full Value of Property | $100,000.00 |
| Assessed Value (50%) | $50,000.00 |
| Taxable Value (9%) | $4,500.00 |
| Total MILS | 460.00 |
| Tax Levy (.46000 X $4,500) | $2,070.00 |
(Casselton grants a two year tax exemption of $75,000 off the true and full value for new residential construction.) Source: City of Casselton, September 2007
| Dilworth, MN | |
|---|---|
| Based on a $100,000 home: | |
| 1% of the first $500,000 of Value | |
| Plus 1.25% of the Balance | |
| Times Tax Extension Rate of 1.41106 | |
| (Minus state credit) | = $1,156 |
Source: City of Dilworth, September, 2007
| Fargo, ND | |
|---|---|
| True and Full Value of Property | $100,000.00 |
| Assessed Value (50%) | $50,000.00 |
| Taxable Value (9%) | $4,500.00 |
| Total MILS | $467.25 |
| Tax levy (.46725 X 4,500) | = $2,102 |
(5% discount if paid by February 15)
Source: City of Fargo, Assessor's Office, September 2007
| Hawley, MN | |
|---|---|
| Based on a $100,000 home: | |
| 1% of the first $500,000 of value | |
| Times tax extension rate of 1.406 | |
| (Adjusted for Market referendum Tax & Homestead Credit) | = $1,240 |
Source: City of Hawley, October 2007
| Moorhead, MN | |
|---|---|
| Based on a $100,000 home: | |
| 1% of the Estimated Market Value | |
| Times Extension rate of 1.22012 | |
| Plus Market Value Referendum(.0005106 of the Estimated Market Value) | |
| (Minus homestead credit) | = $989.00 |
Source: City of Moorhead, September 2007, Pay 2007 Tax Rate
| West Fargo, ND | |
|---|---|
| True and Full Value of Property | $100,000.00 |
| Assessed Value (50%) | $50,000.00 |
| Taxable Value (9%) | $4,500.00 |
| Total MILS | $449.99 |
| Tax Levy (.44991 x 4,500) | = $2,025 |
(2 year $75,000 exemption for new residential construction) Source: City of West Fargo, October, 2007
| Local Sales and Lodging Tax | |
|---|---|
| Minnesota | 6.5% |
| North Dakota | 5% |
| Fargo City Sales Tax | 1.% |
| Fargo City Lodging Tax | 3% |
| Moorhead Lodging Tax | 3% |
| West Fargo City Lodging/Restaurant Tax | 2% |
| Casselton Tax | 1% |
| State Individual Income Tax Rate | |
|---|---|
| Minnesota | 5.35% to 7.85% |
| North Dakota | 2.1% to 5.54% |
* Neither state has an inheritance or
gift tax.
Source: Minnesota Department of Revenue, 20067; North Dakota Office
of State Tax Commissioner, 2007
