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Stowe Prairie Township

We are Here to Help You Grow.

Known as the place “where the forests meet the prairie,” Todd County has a rich agricultural heritage and abundant recreational opportunities side by side. Small-town values and an easy pace of life characterize Todd County. Our agricultural and value-add industries serve as a strong backbone to a growing mix of other sectors. Learn more at www.co.todd.mn.us

Todd County, MN

Population

Total Population

25,764

Population
Growth Rate

0.37%

Median Age

43

Diversity Index

22.200

Housing & Income

Households

10,085

Total Housing Units

13,276


Owner Occupied

8,181

Renter Occupied

1,904

Vacant

3,191

Median Home Value

$160,827


Average Home Value

$202,151

Income
Growth Rate

Median
Household Income

0.36%


Per Capita Income

2.21%

Income Projection

Median Household

$51,502 $54,597


Average Household

$66,637 $74,369


Per Capita

$26,099 $29,115

Workforce

Total Businesses

902

Total Employed

8,169

Workers 16+

11,067

AG/Forestry/Fish/Hunting

Businesses

43

Employed

109

Mining

Businesses

0

Employed

0

Utilities

Businesses

2

Employed

19

Construction

Businesses

67

Employed

177

Manufacturing

Businesses

35

Employed

1,052

Wholesale Trade

Businesses

26

Employed

173

Some
High School

1,062

Graduated
High School

5,984

Associates
Degree

2,535

Bachelor's
Degree

2,113

Graduate
Degree

732

Average Commute Time

24 min.



Resident Commuters

5,865

Non-Resident Commuters

5,042

Drive Alone

8,623

Carpooled

1,043

Public

27

Work At Home

822

Government and Taxation

MN Revenue website

Minnesota has two important taxes that apply to business entities:

  • a corporation income tax, called the “corporation franchise tax,” that applies to traditional (C-type) corporations; and
  • a tax called simply the “minimum fee” that applies to traditional corporations, S corporations, LLCs, and partnerships.

In addition to the latter taxes, if income from your business passes through to you personally, that income will be subject to taxation on your personal state tax return.

Minnesota’s corporation franchise tax, which is a tax on the income of traditional corporations, is comprised of a flat 9.8% tax plus an additional, alternative minimum tax (AMT). In general terms, the AMT is based largely on the federal AMT rules, and is a 5.8% tax on Minnesota alternative minimum taxable income in excess of $40,000.

Minnesota’s “minimum fee” tax applies to traditional corporations, S corporations, LLCs, and partnerships. The minimum fee is based on the combined value of a business’s property, payroll, and sales. If these three values together total at least $500,000, the business is required to pay the minimum fee. The exact amount of the minimum fee will vary depending on the total value of property, payroll, and sales, as follows:

total value less than $500,000 = $0 minimum fee
total value $500,000 to $999,999 = $100 minimum fee
total value $1,000,000 to $4,999,999 = $300 minimum fee
total value $5,000,000 to $9,999,999 = $1,000 minimum fee
total value $10,000,000 to $19,999,999 = $2,000 minimum fee
total value $20,000,000 or more = $5,000 minimum fee

For corporations, returns are due on the 15th day of the third month after the end of the tax year. For other forms of business, returns are due on the 15th day of the fourth month after the end of the tax year.

For purposes of comparison, note that Minnesota generally taxes personal income at rates ranging from of 5.35% to 7.85%.

Source: NOLO.com

Available Real Estate

To find the latest information on available sites and buildings in this county please visit the Minnesota Prospector website»

Transportation


Fast Fact Image

Todd County was created on February 20, 1885 (Organized in 1873) from Cass County.  The county was named in honor of John Blair Smith Todd, commander of Fort Ripley (1849-56); general in the Civil War; delegate in Congress from Dakota Territory, 1861 and 1863-65; governor of Dakota Territory, 1869-71.