Tower, MN 55790

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 280 400 $10,930 $1,800
(10.71% of returns)
$1,425
(14.29% of returns)
$0
$25,000 to $50,000 230 390 $28,686 $2,375
(17.39% of returns)
$7,100
(30.43% of returns)
$5,825
$50,000 to $75,000 160 310 $41,979 $2,900
(31.25% of returns)
$16,012
(50% of returns)
$6,025
$75,000 to $100,000 110 220 $51,872 $5,333
(27.27% of returns)
$22,760
(45.45% of returns)
$7,225
$100,000 to $200,000 120 260 $73,950 $5,383
(50% of returns)
$27,000
(58.33% of returns)
$6,914
Over $200,000 40 60 $212,683 $10,150
(50% of returns)
$0
(0% of returns)
$14,000
For Zip 940 1640 $45,605

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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