Tax Information

Learn more about the plan to finance the referendum.

This project is funded by:

  • Voter Approved General Obligation School Building Bonds providing $18,900,000 towards project
    This is the project cost covered by the community if the referendum passes. A majority vote is required to authorize the project and the bonding authority. This bond is a 25 year bond. 
  • 70% of this project is being financed by the State of MN (Ag2School) and taxes paid by Enbridge, Great Lakes Transmission, Ottertail Power, and Soo-Line Railroad.
The following assumptions developed these charts:
  • Estimated source of payments included payments and interest based on a 25 year bond.
  • Tab base information is inclusive of preliminary pay 2023 assessed valuations (prior to appeals) as well as an additional $50 million assessed valuation for upgraded Enbridge line and pumping station.
  • AG2School Credit equals 70% for agricultural taxes 2023 and beyond.
  • View property tax rebate section below to see if you would qualify for property tax rebate and how that may affect your payment.

Key Benefits to this year's project from a tax standpoint:

  1. There is a lower overall upfront cost to the project compared to last year as it was reduced from 22 million to 18.9 million.
  2. The Ag2School Credit increased for farmers. The state will pay 70% of farmers share for their agricultural land.
  3. Many of our senior citizens, young families, and people who rent homes can utilize the Minnesota Property Tax Rebate Program to save on their tax share.
  4. Enbridge Utility will see an increase in their share due to Line 3 expansion and expansion of their pumping station site within in the district. 
  5. Ag2School and top 4 taxpayers (Enbridge, Great Lakes Transmission, Ottertail Power, and Soo-Line Railroad) contribute 70% of the project. This investment by outside district entities offsets burden by local taxpayers considerably. 

Minnesota Property Tax Rebate

Net impact of property tax refund for qualifying residents. 
Regular Residential Property Tax (Annual Refund): A homeowner with a household income of up to $119,790 is eligible for a property tax refund of up to $2,290. A renter with a household income of up to $64,920 is eligible for a property tax refund of up to $2,280.

Special Residential Property Tax Refund (One-Time Refund): If you are a homeowner, you may also be eligible for a special property tax refund. This refund has no income limit and the maximum refund is $1000. You qualify if you have lived in your home from January 2, 2021 to January 2, 2022, your net property tax increased by more than 12%, and the increase is at least $100.

Utilize Minnesota Department of Revenue Form M1PR for this rebate program.
For more information: Minnesota Department of Revenue

Property Tax Calculator Tool

This tool does not account for Minnesota Property Tax Rebate. Use MPR1 form to determine eligibility and to calculate rebate.
Click here to use our tax calculator by entering your Parcel #

Ag2School Credit

Ag2School Credit was conceived and passed in 2017 to increase the state share in districts in which farmers were paying an outsized portion of the district's facility debt. Ag2School reduces bonded debt taxes for holders of agriculture and timber land. 

The Ag2School Bond Credit was phased in and has been increasing each year. The credit will be  70% in tax year 2023 and is set to remain this way in statute. This credit will benefit our farmers immensely offsetting 70% of their share of this project.