Total Population
26,058
Population
Growth Rate
0.45%
Median Age
43
Diversity Index
23.400
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
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
Businesses
76
Employed
2,167
2020 Manufacturing Businesses
Businesses
29
Employed
854
2020 Information Businesses
Businesses
22
Employed
774
2020 Retail Trade Businesses
Businesses
117
Employed
633
2020 Educational Services - Businesses
Businesses
18
Employed
575
2020 Accommodation/Food Service
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
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»
