Total Population
25,199
Population
Growth Rate
0.15%
Median Age
43
Diversity Index
21.700
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
9,847
Total Housing Units
13,066
Owner Occupied
8,054
Renter Occupied
1,793
Vacant
3,219
Median Home Value
$157,939
Average Home Value
$191,985
Income
Growth Rate
Median
Household Income
0.11%
Per Capita Income
2.45%
Income Projection
Median Household
$49,383 $53,101
Average Household
$65,903 $74,501
Per Capita
$25,903 $29,232
Workforce
Total Businesses
905
Total Employed
8,098
Workers 16+
11,276
AG/Forestry/Fish/Hunting
Businesses
46
Employed
120
Mining
Businesses
0
Employed
0
Utilities
Businesses
2
Employed
19
Construction
Businesses
68
Employed
175
Manufacturing
Businesses
37
Employed
1,082
Wholesale Trade
Businesses
21
Employed
163
Some
High School
960
Graduated
High School
5,717
Associates
Degree
2,589
Bachelor's
Degree
2,022
Graduate
Degree
780
Average Commute Time
24 min.
Resident Commuters
5,894
Non-Resident Commuters
5,225
Drive Alone
8,604
Carpooled
1,159
Public
51
Work At Home
856
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»
