This site provides information for taxpayers of Independent School District 761 – Owatonna regarding how the district's proposed referendum would affect their property taxes. The site was prepared by the school district's municipal advisors, Ehlers, in cooperation with the school district. If you have questions about the information on this site, contact Ehlers at the numbers listed below.
The district will be holding a special election on Tuesday, May 14, 2019 seeking voter approval of one ballot question:
Question 1 would authorize the district to issue up to $116,000,000 for acquisition and betterment of school facilities, including construction of a new high school.
For additional information on how the funds would be used, click on the "Return to School District Website" button above.
Approval of the ballot questions would cause a property tax increase beginning with taxes payable in 2020, and the debt service tax levies would be in place for 20 years. To determine the estimated impact of the proposed ballot questions on your 2020 taxes, follow the instructions below or view sample property types and values here.
Your 2020 taxes will be based on the 2019 Estimated Market Value (EMV). Because that valuation is not yet available, you will need to use the 2018 Payable 2019 EMV listed on the "Notice of Valuation and Classification" mailed by your county in March 2018 (see example below). If you don't have that document available, contact your county and ask for the 2018 EMV for taxes payable in 2019.
Assessor's Office – (507) 444-7400
Taxpayer Services – (507) 835-0640
If you own a RESIDENTIAL HOMESTEAD property, enter the Estimated Market Value below to see the estimated tax impact.If you own COMMERCIAL/INDUSTRIAL property, enter the Estimated Market Value below to see the estimated tax impact.
If you own AGRICULTURAL or other types of property, we recommend you contact Ehlers.
Beginning in taxes payable in 2018, this property tax credit provides owners of agricultural property with a 40% credit for the taxes attributable to school district debt service for all agricultural property, except for the house, garage, and one acre. This ongoing credit will be directly deducted from property taxes owed and applies to debt service taxes for all types of existing and future building bonds for construction and renovation projects. The credit is automatically deducted on the tax statement and is included in the tax impact estimates provided by Ehlers.
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