Tax Comparison: Odessa, MN vs Ann arbor, MI
Understanding Your Tax Burden
This page compares the three main types of taxes between Odessa, MN and Ann arbor, MI: 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
Odessa, MN
$3,611
Based on a $419,200 home
Rate: 0.8615%
Ann arbor, MI
$6,537
Based on a $419,200 home
Rate: 1.5595%
| Data | Odessa, MN | Ann arbor, MI |
|---|---|---|
| Effective Property Tax Rate | 0.8615% | 1.5595% |
| Estimated Property Tax | $3,611 | $6,537 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Odessa, MN are $2,926 lower than in Ann arbor, MI 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
MI
4.25%
Single: $4,250
Married: $7,650
| Data | MN | MI |
|---|---|---|
| Tax Rate | 5.35%-9.85% | 4.25% |
| Single Filer ($100k) | $5,319 | $4,250 |
| Married Couple ($200k) | $9,574 | $7,650 |
| Median Income ($80.6k) | $5,481 | $3,424 |
Comparison: Income taxes in MI 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
Odessa, MN
9.875%
Combined rate
Annual sales tax: $1530
(Based on $15,500 spending)
Ann arbor, MI
6.000%
Combined rate
Annual sales tax: $930
(Based on $15,500 spending)
| Data | Odessa, MN | Ann arbor, MI |
|---|---|---|
| State Sales Tax | 6.88% | 6.00% |
| Combined Sales Tax | 9.875% | 6.000% |
| Annual Tax Amount | $1,530 | $930 |
Comparison: Shopping in Ann arbor, MI costs $600 less in annual sales tax than in Odessa, MN for the average household.
Tax Comparison Insights
Tax Insights: Odessa vs Ann arbor
- Property Tax: Odessa has a 0.6980 percentage points lower effective property tax rate than Ann arbor.
- Income Tax: Living in MI could save you approximately $2,057 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Ann arbor is 3.88 percentage points lower than in Odessa.
Overall Tax Burden Comparison
Odessa, MN
$10,622
Combined annual tax burden
Property
$3,611
Income
$5,481
Sales
$1,530
Ann arbor, MI
$10,891
Combined annual tax burden
Property
$6,537
Income
$3,424
Sales
$930
Overall Comparison: Odessa, MN has an estimated $269 lower total tax burden than Ann arbor, MI 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.