Tax Comparison: Prospect hill, NC vs Sartell, MN
Understanding Your Tax Burden
This page compares the three main types of taxes between Prospect hill, NC and Sartell, MN: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Prospect hill, NC
$2,836
Based on a $419,200 home
Rate: 0.6766%
Sartell, MN
$4,296
Based on a $419,200 home
Rate: 1.0247%
| Data | Prospect hill, NC | Sartell, MN |
|---|---|---|
| Effective Property Tax Rate | 0.6766% | 1.0247% |
| Estimated Property Tax | $2,836 | $4,296 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Prospect hill, NC are $1,459 lower than in Sartell, MN for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
NC
4.5%
Single: $4,250
Married: $7,650
MN
5.35%-9.85%
Single: $5,319
Married: $9,574
| Data | NC | MN |
|---|---|---|
| Tax Rate | 4.5% | 5.35%-9.85% |
| Single Filer ($100k) | $4,250 | $5,319 |
| Married Couple ($200k) | $7,650 | $9,574 |
| Median Income ($80.6k) | $3,424 | $5,481 |
Comparison: Income taxes in NC are $2,057 lower than in MN for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Prospect hill, NC
7.500%
Combined rate
Annual sales tax: $1162
(Based on $15,500 spending)
Sartell, MN
9.875%
Combined rate
Annual sales tax: $1530
(Based on $15,500 spending)
| Data | Prospect hill, NC | Sartell, MN |
|---|---|---|
| State Sales Tax | 4.75% | 6.88% |
| Combined Sales Tax | 7.500% | 9.875% |
| Annual Tax Amount | $1,162 | $1,530 |
Comparison: Shopping in Prospect hill, NC costs $368 less in annual sales tax than in Sartell, MN for the average household.
Tax Comparison Insights
Tax Insights: Prospect hill vs Sartell
- Property Tax: Prospect hill has a 0.3481 percentage points lower effective property tax rate than Sartell.
- Income Tax: Living in NC could save you approximately $2,057 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Prospect hill is 2.38 percentage points lower than in Sartell.
Overall Tax Burden Comparison
Prospect hill, NC
$7,422
Combined annual tax burden
Property
$2,836
Income
$3,424
Sales
$1,162
Sartell, MN
$11,306
Combined annual tax burden
Property
$4,296
Income
$5,481
Sales
$1,530
Overall Comparison: Prospect hill, NC has an estimated $3,884 lower total tax burden than Sartell, MN based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.