Tax Comparison: Freeport, MN vs Smith center, KS
Understanding Your Tax Burden
This page compares the three main types of taxes between Freeport, MN and Smith center, KS: 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
Freeport, MN
$4,277
Based on a $419,200 home
Rate: 1.0203%
Smith center, KS
$6,924
Based on a $419,200 home
Rate: 1.6516%
| Data | Freeport, MN | Smith center, KS |
|---|---|---|
| Effective Property Tax Rate | 1.0203% | 1.6516% |
| Estimated Property Tax | $4,277 | $6,924 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Freeport, MN are $2,646 lower than in Smith center, KS 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
KS
3.1%-5.7%
Single: $4,524
Married: $8,143
| Data | MN | KS |
|---|---|---|
| Tax Rate | 5.35%-9.85% | 3.1%-5.7% |
| Single Filer ($100k) | $5,319 | $4,524 |
| Married Couple ($200k) | $9,574 | $8,143 |
| Median Income ($80.6k) | $5,481 | $4,191 |
Comparison: Income taxes in KS are $1,290 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
Freeport, MN
9.875%
Combined rate
Annual sales tax: $1530
(Based on $15,500 spending)
Smith center, KS
10.750%
Combined rate
Annual sales tax: $1666
(Based on $15,500 spending)
| Data | Freeport, MN | Smith center, KS |
|---|---|---|
| State Sales Tax | 6.88% | 6.50% |
| Combined Sales Tax | 9.875% | 10.750% |
| Annual Tax Amount | $1,530 | $1,666 |
Comparison: Shopping in Freeport, MN costs $136 less in annual sales tax than in Smith center, KS for the average household.
Tax Comparison Insights
Tax Insights: Freeport vs Smith center
- Property Tax: Freeport has a 0.6313 percentage points lower effective property tax rate than Smith center.
- Income Tax: Living in KS could save you approximately $1,290 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Freeport is 0.88 percentage points lower than in Smith center.
Overall Tax Burden Comparison
Freeport, MN
$11,288
Combined annual tax burden
Property
$4,277
Income
$5,481
Sales
$1,530
Smith center, KS
$12,780
Combined annual tax burden
Property
$6,924
Income
$4,191
Sales
$1,666
Overall Comparison: Freeport, MN has an estimated $1,492 lower total tax burden than Smith center, KS 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.