Although Minnesota has a reputation for having high taxes, the sales tax there is actually quite low. The key query, “What is the MN sales tax rate for 2020?” as well as related queries, such as “What is the sales tax in Maplewood MN?” and “What is the sales tax in St Peter MN?” are addressed in this page. We’ll also consider Minnesota’s projected 2021 sales tax rate. What will the 2020 MN sales tax rate be?
The Minnesota sales tax rate is 6.875% as of January 1, 2020. With a few exceptions, this rule applies to the majority of goods and services sold within the state. For instance, apparel products costing $100 or less are not subject to sales tax. Additionally, there are particular exemptions for particular foods, medical devices, and prescription medications. What is the Maplewood, Minnesota sales tax?
Ramsey County, Minnesota, contains the city of Maplewood. The 6.875% state rate is the same as the sales tax in Maplewood. This indicates that you will be required to pay a total sales tax rate of 6.875% if you buy goods or services in Maplewood. What is the St. Peter, Minnesota sales tax?
A city in Minnesota’s Nicollet County is called St. Peter. St. Peter has a 6.875% sales tax, much like Maplewood. The majority of goods and services offered for sale inside St. Peter’s city limits fall under this.
The Minnesota sales tax rate will be 6.875% as of January 1, 2021. The fact that some Minnesota counties and cities impose local sales taxes in addition to the state rate should be noted. For instance, the municipal sales tax in Minneapolis is 0.5%, making the overall sales tax rate for transactions purchased inside the city borders 7.375%.
Finally, the 2020 and 2021 Minnesota sales tax rate is 6.875%. The majority of products and services sold within the state, including those in Maplewood and St. Peter, are subject to this tax. It’s vital to keep in mind that Minnesota has no general sales tax on clothing products priced at $100 or less, despite the rate appearing high in comparison to other states. The MN tax rate will not change in 2021, but you should be aware that some cities and counties may impose local sales taxes, which would raise the overall rate.
In Anoka County, Minnesota, the current sales tax rate is 7.775%. This includes both the 0.9% Anoka County sales tax and the 6.875% State of Minnesota sales tax.