Todd County

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. 

Todd County, MN

Population

Total Population

25,176

Population
Growth Rate

0.00%

Median Age

44

Diversity Index

34.500

Housing & Income

Households

9,862

Total Housing Units

12,800


Owner Occupied

8,277

Renter Occupied

1,585

Vacant

2,938

Median Home Value

$193,666


Average Home Value

$240,217

Income
Growth Rate

Median
Household Income

0.00%


Per Capita Income

2.38%

Income Projection

Median Household

$58,767 $65,925


Average Household

$76,744 $86,361


Per Capita

$30,080 $33,835

Workforce

Total Businesses

881

Total Employed

7,094

Workers 16+

10,728

2022 HealthCare/Social Assist

cp-industries

Businesses

80

Employed

2,070

2022 Manufacturing Businesses

cp-industries

Businesses

32

Employed

860

2022 Retail Trade Businesses

cp-industries

Businesses

118

Employed

637

2022 Public Administration

cp-industries

Businesses

57

Employed

582

2022 Accommodation/Food Service

cp-industries

Businesses

56

Employed

489

2022 Other Service excl Pub Admin

cp-industries

Businesses

159

Employed

478

Some
High School

1,083

Graduated
High School

6,124

Associates
Degree

2,629

Bachelor's
Degree

2,159

Graduate
Degree

815

Average Commute Time

25 min.



Resident Commuters

5,640

Non-Resident Commuters

4,995

Drive Alone

8,292

Carpooled

978

Public

42

Work At Home

883

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