Taxes

Local Sales and Lodging Taxes

Minnesota	6.5%
North Dakota	5 %
Fargo City Sales Tax	1 %
Fargo City Lodging Tax	3 %
Moorhead City Lodging Tax	3 %
West Fargo City Sales Tax	1 %
West Fargo City Lodging Tax	2 %
Casselton City Sales Tax	1 %

 

State Individual Income Tax

Minnesota	5.35 % to 7.85 %
North Dakota	2.1 % to 5.54 %

*Neither state has an inheritance or gift tax.

 

Residential Property Tax
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

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

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 and Homestead Credit) = $1,240

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

Casselton, ND

True and Full Value of Property	$	100,000
Assessed Value (50 %)	$	50,000
Taxable Value (9 %)	$	4,500
Total MILS	$	460.00
Tax Levy (.46000 x $4,500)	$	2,070

(Casselton grants a two-year tax exemption of $75,000 off the true and full value for new residential construction.)

Fargo, ND

True and Full Value of Property	$	100,000
Assessed Value (50 %)	$	50,000
Taxable Value (9 %)	$	4,500
Total MILS	$	467.25
Tax Levy (.46725 x $4,500)	$	2,102

(5 % discount if paid by February 15)

West Fargo, ND

True and Full Value of Property	$	100,000
Assessed Value (50 %	$	50,000
Taxable Value (9 %)	$	4,500
Total MILS	$	449.99
Tax Levy (.4499 x $4,500)	$	2,025

(2 year $75,000 exemption for new residential construction)

More in-depth tax information is available from the Greater Fargo Moorhead Economic Development Corporation.