Tax Comparison: Faribault, MN vs Clearlake, CA
Understanding Your Tax Burden
This page compares the three main types of taxes between Faribault, MN and Clearlake, CA: 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
Faribault, MN
$4,071
Based on a $419,200 home
Rate: 0.9712%
Clearlake, CA
$3,037
Based on a $419,200 home
Rate: 0.7244%
| Data | Faribault, MN | Clearlake, CA |
|---|---|---|
| Effective Property Tax Rate | 0.9712% | 0.7244% |
| Estimated Property Tax | $4,071 | $3,037 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Clearlake, CA are $1,035 lower than in Faribault, 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
MN
5.35%-9.85%
Single: $5,319
Married: $9,574
CA
1%-13.3%
Single: $865
Married: $1,557
| Data | MN | CA |
|---|---|---|
| Tax Rate | 5.35%-9.85% | 1%-13.3% |
| Single Filer ($100k) | $5,319 | $865 |
| Married Couple ($200k) | $9,574 | $1,557 |
| Median Income ($80.6k) | $5,481 | $4,837 |
Comparison: Income taxes in CA are $644 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
Faribault, MN
9.875%
Combined rate
Annual sales tax: $1530
(Based on $15,500 spending)
Clearlake, CA
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
| Data | Faribault, MN | Clearlake, CA |
|---|---|---|
| State Sales Tax | 6.88% | 7.25% |
| Combined Sales Tax | 9.875% | 12.000% |
| Annual Tax Amount | $1,530 | $1,860 |
Comparison: Shopping in Faribault, MN costs $330 less in annual sales tax than in Clearlake, CA for the average household.
Tax Comparison Insights
Tax Insights: Faribault vs Clearlake
- Property Tax: Clearlake has a 0.2468 percentage points lower effective property tax rate than Faribault.
- Income Tax: Living in CA could save you approximately $644 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Faribault is 2.13 percentage points lower than in Clearlake.
Overall Tax Burden Comparison
Faribault, MN
$11,082
Combined annual tax burden
Property
$4,071
Income
$5,481
Sales
$1,530
Clearlake, CA
$9,733
Combined annual tax burden
Property
$3,037
Income
$4,837
Sales
$1,860
Overall Comparison: Clearlake, CA has an estimated $1,349 lower total tax burden than Faribault, 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.