TAX IMPACT
TAX IMPACT
Estimated tax impact of the referendum amount provided by District financial consultant Baird Financial Advisors.
Embedded Files
What will it cost me?
What will it cost me?
If both referendum questions, totaling $24.815 million, are approved, the estimated tax increase for a $200,000 home would be approximately $12 per month. Use the tax calculator below to find your tax impact.
Tax Impact Summary
Tax Impact Summary
Follow the link below for a quick view of the tax impact on all property types. To determine your monthly and annual impact, use the online tax calculator.
Online Tax Calculator
Online Tax Calculator
To use the online calculator you will need your Parcel Identification Number from Lincoln, Lyon, or Yellow Medicine County. Follow the link below to learn more.
Residential
Tax Impact
Residential
Tax Impact
Agricultural
Tax Impact
Agricultural
Tax Impact
Homestead
Homestead
Non-Homestead
Non-Homestead
If you need assistance calculating your tax impact, please email Michael Hoheisel at mhoheisel@rwbaird.com, Matt Rantapaa at mrantapaa@rwbaird.com, or Sam Hylle at shylle@rwbaird.com with your question(s).
How is the money being spent?
How is the money being spent?
Question #1
Question #1
Question #2
Question #2
Estimated Source of Payments for Bond
Estimated Source of Payments for Bond
Under the Ag2School Credit program, it is estimated the State of Minnesota will contribute 52.89% towards the requested voter approved bond principal and interest payments.
Applying this credit amount solely to both referendum questions upon passage on Tuesday, February 11, 2025, the State of Minnesota will pay approximately $13,100,000 of the total bond borrowing amount of $24,815,000.
Estimated source of payments provided by Baird Public Finance Advisors
Do You Own Agricultural Land?
Do You Own Agricultural Land?
If you own agricultural land and the referendum were to pass, you would receive the Minnesota Ag2School Tax Credit.
The Ag2School Tax Credit is an automatic 70% property tax credit for owners of agricultural land. (It does not include the house, garage, and one acre surrounding the agricultural homestead.)
This tax credit reduces the burden for agricultural property owners on existing and future school building bonds.
This tax credit program is not a tax deduction – it is an automatic dollar-for-dollar credit.
There is no application to receive the Ag2School credit. The credit is reduced automatically on the agricultural landowner’s property tax bill.
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