Tax Burden in ZIP Code 55044
Lakeville, MN — Dakota County
At the median income of $95,000, the estimated total tax burden in ZIP 55044 is $28,533 (30.0% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$17,100
FICA
$7,268
Property Tax
$4,165
Total Tax Burden
$28,533
30.0% effective
Tax Details for ZIP 55044
ZIP code 55044 is located in Dakota County, MN, within the Minneapolis MSA metropolitan area. The area has a cost of living index of 105 (100 = national average), close to the national average.
The effective property tax rate is 0.98%. On the median home price of $425,000, this equals $4,165 per year ($347/month).
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