Tax Comparison: Shirley, NY vs Little falls, MN
Understanding Your Tax Burden
This page compares the three main types of taxes between Shirley, NY and Little falls, 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
Shirley, NY
$7,771
Based on a $419,200 home
Rate: 1.8538%
Little falls, MN
$3,810
Based on a $419,200 home
Rate: 0.9089%
| Data | Shirley, NY | Little falls, MN |
|---|---|---|
| Effective Property Tax Rate | 1.8538% | 0.9089% |
| Estimated Property Tax | $7,771 | $3,810 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Little falls, MN are $3,961 lower than in Shirley, NY 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
NY
4%-10.9%
Single: $5,436
Married: $9,785
MN
5.35%-9.85%
Single: $5,319
Married: $9,574
| Data | NY | MN |
|---|---|---|
| Tax Rate | 4%-10.9% | 5.35%-9.85% |
| Single Filer ($100k) | $5,436 | $5,319 |
| Married Couple ($200k) | $9,785 | $9,574 |
| Median Income ($80.6k) | $4,837 | $5,481 |
Comparison: Income taxes in NY 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
Shirley, NY
8.875%
Combined rate
Annual sales tax: $1375
(Based on $15,500 spending)
Little falls, MN
9.875%
Combined rate
Annual sales tax: $1530
(Based on $15,500 spending)
| Data | Shirley, NY | Little falls, MN |
|---|---|---|
| State Sales Tax | 4.00% | 6.88% |
| Combined Sales Tax | 8.875% | 9.875% |
| Annual Tax Amount | $1,375 | $1,530 |
Comparison: Shopping in Shirley, NY costs $155 less in annual sales tax than in Little falls, MN for the average household.
Tax Comparison Insights
Tax Insights: Shirley vs Little falls
- Property Tax: Little falls has a 0.9449 percentage points lower effective property tax rate than Shirley.
- Income Tax: Living in NY could save you approximately $644 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Shirley is 1.00 percentage points lower than in Little falls.
Overall Tax Burden Comparison
Shirley, NY
$13,983
Combined annual tax burden
Property
$7,771
Income
$4,837
Sales
$1,375
Little falls, MN
$10,821
Combined annual tax burden
Property
$3,810
Income
$5,481
Sales
$1,530
Overall Comparison: Little falls, MN has an estimated $3,162 lower total tax burden than Shirley, NY 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.