Minneapolis Sales Tax Rate — Economic Context & Calculation
Corporate HQs (Target, Best Buy, US Bancorp, Xcel Energy), healthcare, technology, education (University of Minnesota), and finance. Largest city in Minnesota and economic engine of the Upper Midwest.
The combined sales tax rate in Minneapolis is 9.025%, composed of the Minnesota state rate of 6.875% plus a local portion of 2.150%. On a receipt, that stacks up as: State 6.875% + Hennepin County 0.15% + Minneapolis 0.5% + Metro Housing 0.25% + Metro Transit 0.75% + Transit Improvement 0.5% = 9.025%.
The formula to calculate sales tax for any purchase:
For a $150.00 purchase in Minneapolis: tax is $13.54 ($150.00 × 0.09025), total is $163.54.
