Total Population
25,764
Population
Growth Rate
0.37%
Median Age
43
Diversity Index
22.200
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. Learn more at www.co.todd.mn.us
Todd County, MN
Population
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
HealthCare/Social Assist
Businesses
71
Employed
1,477
Manufacturing Businesses
Businesses
35
Employed
1,052
Prof/Scientific/Tech Service
Businesses
42
Employed
838
Information Businesses
Businesses
25
Employed
780
Retail Trade Businesses
Businesses
119
Employed
732
Educational Services - Businesses
Businesses
17
Employed
670
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
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
Workers Comp and Unemployment
Available Real Estate
To find the latest information on available sites and buildings in this county please visit the Minnesota Prospector website»
