Taxes

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Minnesota’s business taxes are very competitive and give companies a distinct advantage when it comes to the cost of doing business.

Commercial & Industrial Property Taxes

Property tax rates in Moorhead are based on the assessed market value of the property. Moorhead, as a border city, enjoys rates capped at 1.6% (current through 2022) of the assessed market value through special Border City Legislation known as the “Disparity Reduction Credit Program”. To find property tax information on a specific property, please visit Moorhead’s Property Information page.

Moorhead Commercial / Industrial Parcels

 


Property Value

Gross Tax

Gross

ETR

Net

ETR

% Reduction in Tax

due to DRC

Dollars saved

due to DRC

Net Tax

$100,000

$2,759

2.76%

1.60%

42%

$1,159

$1,600

$250,000

$7,755

3.10%

1.60%

48%

$3,755

$4,000

$500,000

$16,796

3.36%

1.60%

52%

$8,796

$8,000

$1,000,000

$34,878

3.49%

1.60%

54%

$18,878

$16,000

$5,000,000

$179,533

3.59%

1.60%

55%

$99,533

$80,000

$10,000,000

$360,353

3.60%

1.60%

56%

$200,353

$160,000

ETR: Effective Tax Rate – Pay 2022

 


 


 


 


 


Business Taxes

The Minnesota Department of Employment and Economic Development (DEED) hosts important information for businesses related to filing federal and state taxes for the most common business structures. Here you will find information regarding:


 Workers Compensation

Private insurers offer coverage, with an Assigned Risk Pool, available for new businesses and those with high-risk classifications. Premium costs range from 33 cents per $100 of payroll for office workers to $5.43 for light manufacturing and machine operators. The City of Moorhead buys down a portion of this expense through the “Worker's Compensation Rebate Program.” Click here for more information about this program.