Watertown, MN 55388

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 790 1000 $9,902 $950
(10.13% of returns)
$1,766
(3.8% of returns)
$6,500
$25,000 to $50,000 590 1000 $30,483 $2,087
(13.56% of returns)
$6,900
(18.64% of returns)
$6,900
$50,000 to $75,000 440 920 $42,926 $1,830
(22.73% of returns)
$15,762
(18.18% of returns)
$6,547
$75,000 to $100,000 350 950 $48,306 $1,214
(20% of returns)
$22,600
(17.14% of returns)
$7,040
$100,000 to $200,000 520 1650 $69,518 $2,962
(30.77% of returns)
$23,000
(15.38% of returns)
$7,964
Over $200,000 100 300 $273,033 $14,833
(60% of returns)
$0
(0% of returns)
$10,685
For Zip 2790 5820 $51,236

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18