TAX IMPACT
TAX IMPACT
Estimated tax impact of bond amount provided by District financial consultant, Ehlers Public Finance Advisors.
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What will it cost me?
What will it cost me?
If the referendum question, totaling $24.425 million, is approved, the estimated tax increase for a $100,000 home would be approximately $12 per month. Use the tax calculators below to find your estimated 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 Calculators
Online Tax Calculators
Grab your tax bill and use the calculators to find your monthly and annual impact based on your estimated market value. Click the button below:
Tax Impact at a Glance
Tax Impact at a Glance
Residential
Residential
Commercial/Industrial
Commercial/Industrial
Agricultural Homestad
Agricultural Homestad
Agricultural Non-Homestad
Agricultural Non-Homestad
Who Pays for the Referendum?
Who Pays for the Referendum?
Due to the Ag2School Tax Credit the State of Minnesota will pay for approximately 46% of the bond issue, including principal and interest ($11,284,000 of the $24,425,000 bond amount).
As the chart shows, both residential and ag tax payers will contribute 20% each, an equal share of funding to the referendum ($4,885,000 each).
HOW DOES G-E COMPARE?
HOW DOES G-E COMPARE?
Estimated tax impact of bond amount provided by District financial consultant Ehlers Public Finance Advisors.
What the Funding Supports
What the Funding Supports
The proposed referendum would fund essential deferred maintenance projects that protect our school buildings and directly support student learning.
38% – HVAC & Boilers
26% – Classroom/Learning
9% – Electrical/Lighting
7% – Plumbing/Water
6% – ADA & Restroom
6% – Asbestos Remediation
5% – Safety/Security/Fire
3% – Roofing
PROPERTY TAX REFUND & RELIEF
PROPERTY TAX REFUND & RELIEF
Many of the resident taxpayers will qualify for this special refund (not income dependent) if the school vote is successful.
Homestead Credit Refund:
The Minnesota Homestead Credit Refund can provide relief to homeowners paying property taxes.
Regular refund based on your income and property taxes
If your household income is less than approximately $139,320, you may qualify for the Homestead Credit Refund (also known as the “Circuit Breaker” refund).
Special refund based on how much your property tax increased.
If your total property taxes increase by more than 12 percent and more than $100 from one year to the next, you may qualify for a state refund equal to a portion of the increase.
You may qualify for either or both of these refunds. Learn more using the button below.
Senior Citizens’ Property Tax Deferral
If you are 65 years or older and have a household income of $96,000 or less, you may be eligible to defer a portion of the property taxes on your home, through the Senior Citizen Property Tax Deferral Program. Learn more using the button below.
Renter’s Property Tax Refund
A portion of your rent is used to pay property taxes. You may qualify for a Renter's Property Tax Refund depending on your income and rent paid. Learn more using the button below.
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