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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. 

Download the contact list for the 2020 Todd County Township Officers here.

Todd County, MN

Population

Total Population

26,058

Population
Growth Rate

0.45%

Median Age

43

Diversity Index

23.400

Housing & Income

Households

10,184

Total Housing Units

13,534


Owner Occupied

8,245

Renter Occupied

1,939

Vacant

3,350

Median Home Value

$169,482


Average Home Value

$203,096

Income
Growth Rate

Median
Household Income

0.42%


Per Capita Income

1.83%

Income Projection

Median Household

$55,027 $58,340


Average Household

$69,496 $76,135


Per Capita

$27,175 $29,747

Workforce

Total Businesses

859

Total Employed

7,657

Workers 16+

10,914

2020 HealthCare/Social Assist

2020 HealthCare/Social Assist SVG Graphic

Businesses

76

Employed

2,167

2020 Manufacturing Businesses

2020 Manufacturing Businesses SVG Graphic

Businesses

29

Employed

854

2020 Information Businesses

2020 Information Businesses SVG Graphic

Businesses

22

Employed

774

2020 Retail Trade Businesses

2020 Retail Trade Businesses SVG Graphic

Businesses

117

Employed

633

2020 Educational Services - Businesses

2020 Educational Services - Businesses SVG Graphic

Businesses

18

Employed

575

2020 Accommodation/Food Service

2020 Accommodation/Food Service SVG Graphic

Businesses

60

Employed

502

Some
High School

1,244

Graduated
High School

5,836

Associates
Degree

2,703

Bachelor's
Degree

2,315

Graduate
Degree

775

Average Commute Time

25 min.



Resident Commuters

5,698

Non-Resident Commuters

5,063

Drive Alone

8,481

Carpooled

1,116

Public

32

Work At Home

782

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

TCDC RLF funds provide additional access to capital for new and emerging small businesses where traditional sources of funding are unavailable or limited.  Strong consideration is given to value added agricultural manufacturing, technology, commercial/industrial and product manufacturing businesses that retain or create quality jobs.