North Dakota

North Dakota state tax information

Corporate Income Tax

Personal Income Tax

Corporate Property Tax

Property tax rates in Cass County, N.D. are based on the market value of the assessed property. Rates vary according to municipality, type of property and the jurisdiction levy. To calculate property tax on a specific piece of property, please visit the Cass County assessor’s website.

Unemployment Insurance Tax

North Dakota

• 2013 Taxable Wage Base is $31,800
• New Employer Rate: Non-Construction: 1.25 percent (maximum wage cap 2013: $31,800)

When employers become liable for unemployment insurance, they are qualified as “new employers” and are assigned a new employer rate. Tax rates are re-determined for each calendar year based on the employer’s history as of the preceding October.

If prior to October, then “non-construction” employers that have at least six quarters of coverage are classified as “experience-rated” employers beginning that calendar year. Otherwise they continue as “new employers.” Experience-rated employers are assigned rates based on their record of unemployment insurance taxes paid and benefits charged.

The rates vary each year depending on the employer’s individual history and the condition of the state’s unemployment compensation trust fund. The maximum amount of each worker’s wages subject to taxation each year is 70 percent of the calculated statewide average annual payroll.

Minnesota

Minnesota state tax information

Corporate Income Tax

*Since 2007, Minnesota has been phasing in a single-sales apportionment for the income tax, to be completed by 2014. Apportionment and apportionment formulas are a key feature in state corporate taxes, as they determine how much of a business’s income is taxable. Minnesota apportions corporate income using the Minnesota proportions of a corporation’s sales, payroll and taxable property to determine corporate income tax. Please see the table below for schedule:

The effects vary by type of business, but those businesses whose Minnesota sales factor is lower than the average of their Minnesota property and payroll factors will receive a tax cut. The larger the disparity, the bigger the benefit. The policy benefits companies with plants and personnel in Minnesota, but most of their sales elsewhere.

Personal Income Tax

Corporate Property Tax

Property tax rates in Clay County, Minn. are based on the market value of the assessed property. Rates vary according to municipality, type of property and jurisdiction levy. To calculate property tax on a specific assessed value, please visit the property tax calculator provided by the League of Minnesota Cities.

Unemployment Insurance Tax

Minnesota

• 2013 Taxable Wage Base is $29,000
• Base Tax Rate: 0.50% of taxable wages*

Minnesota’s Unemployment Insurance tax rates vary each year depending on the employer’s individual history and the condition of the Minnesota UI Trust Fund. If the balance of the UI Trust Fund falls below a certain level, an additional assessment takes effect for the following year. In 2013, and additional assessment of 14% of the tax due is in effect.  There is also a workforce development assessment of 0.10% of taxable wages.

*Tax rates of employers with an experience rating vary depending on the amount of the unemployment insurance benefits charged to their account.  Tax rates for a new employer are either 2.50% (total of 3.00% when adding 0.50% base rate) for non-high experience rating industries or 8.90% (total of 9.40% when adding 0.50% base rate) for high experience rating industries.