TAX IMPACT
Estimated tax impact of the referendum amount provided by District financial consultant Baird Financial Advisors.
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What will this cost me?
What will this cost me?
The cost depends on your property type, location, and value. If the referendum question totaling $39.99 million is approved, the tax increase for a $300,000 home would be approximately, on average, $5.85 per month for taxes payable in 2026. The district is timing this bond with expiring debt so new payments take the place of previous payments. This helps keep overall taxes more level and avoids sharp increases from year to year.
The property tax rate increase, as a result of this referendum, is consistent across all property in the school district regardless of which previous district your property is in (ISD 394 Mongomery-Lonsdale / ISD 392 Le Center)
Quick View Tax Impact Tables
Quick View Tax Impact Tables
To find your exact impact, use the online tax calculator below.
To find your exact impact, use the online tax calculator below.
2026 Residential
Tax Impact
2026 Residential
Tax Impact
2026 Commercial/Industrial
Tax Impact
2026 Commercial/Industrial
Tax Impact
2026 Agricultural
Tax Impact
2026 Agricultural
Tax Impact
Homestead
Homestead
(average value per acre of land and buildings)
Non-Homestead
Non-Homestead
(average value per acre of land and buildings)
Why do the numbers look different between Montgomery-Lonsdale and Le Center?
Why do the numbers look different between Montgomery-Lonsdale and Le Center?
This new referendum cost is applied equally across the district, however:
When the two districts merged, each brought in pre-existing debt.
By law, that older debt is still being paid off separately, creating temporary differences in total tax statements.
Those differences are scheduled to end in 2035, when the older debt is fully retired.
After 2035, tax rates for both areas will equalize.
Tax Calculator
Tax Calculator
Online Tax Calculator
Online Tax Calculator
To use the online calculator you will need your Parcel Identification Number from your County. Follow the link below to learn more.
Why does the tax calculator show the impact for more than one year?
Why does the tax calculator show the impact for more than one year?
Much of the cost of this referendum is timed to replace older debt that is being paid off.
Both former districts (ISD 394 Montgomery–Lonsdale and ISD 392 Le Center) had pre-existing debt when they merged.
That debt is being retired at different rates and in different amounts each year, depending on the previous district.
As those older payments phase out, the new referendum payments phase in — keeping the district’s overall debt levy relatively steady.
The result: while the referendum itself is applied equally across all property, the net impact on tax bills shifts some from year to year because of the timing of old debt payoff.
After 2035, when all pre-merger debt is retired, the tax rates will fully equalize across the district.
The tax calculator shows the impact of the referendum for the first two years. After that, the combined tax impact (existing and new debt) does not increase annually - it remains steady until the debt is paid off.
Where are the investment dollars being spent?
Where are the investment dollars being spent?
The referendum invests in improvements across all of our PreK–12 schools, benefiting students, families, and communities districtwide.
Projects at each location are tailored to the long-term commitment and unique needs of each site.
By Building
By Building
By Scope
By Scope
Do you own agricultural land?
Do you own agricultural land?
MN Ag2School Tax Credit
MN Ag2School Tax Credit
If the TCU School District referendum passes on November 4, 2025, agricultural landowners will see a 70% credit on their property tax bill related to the impact of the referendum.
The Ag2School Tax Credit will result in the State of Minnesota paying approximately 20% of the district’s debt payments for this bond. This includes about $7,982,004 of the $39,990,000 bond amount.
This tax credit program is not a tax deduction – it is an automatic dollar-for-dollar credit with no application required.
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