This site provides information for taxpayers of Independent School District 273 – Edina, regarding how the district’s proposed referendum may affect property taxes. The site was prepared in cooperation with Ehlers, the district’s independent municipal advisor. If you have questions about the information on this site, please contact Ehlers using the information provided below.
About the Referendum
The district will hold a special election on Tuesday, May 11, 2021 seeking voter approval of two ballot questions.
QUESTION 1 would authorize a capital project levy of 5.932% times the net tax capacity of the school district. A portion of this new authorization would replace the school district’s existing authorization which is scheduled to expire after taxes payable in 2021. The additional revenue from the proposed capital levy authorization will be used to provide funds for school district technology, including the acquisition, installation, replacement, support and maintenance of software, software licenses, computers, improved technology equipment, technology systems related to security and operations, and to pay the costs of technology related personnel and training.
QUESTION 2 would authorize the district to issue up to $7,000,000 in bonds to provide funds for the construction of parking lot improvements at Countryside Elementary School, parking lot improvements and upgrades to lighting at Valley View Middle School, parking lot and bus traffic flow improvements and upgrades to lighting at Creek Valley Elementary School, and the expansion of the bus garage facility.
For more information on how these funds would be used, return to the District’s website.
Impact on Property Taxes
The proposed capital project levy authorization will raise approximately $6,977,669 for taxes payable in 2022, the first year it is to be levied, and would be authorized for ten years. Approval of the second ballot question would also result in a property tax increase beginning with taxes payable in 2022, and these bonds will be outstanding for 13 years. To determine the estimated impact of the proposed ballot questions on your 2022 taxes, follow the instructions below or view sample property types and values here.
Your 2022 taxes will be based on the 2021 Estimated Market Value (EMV), which will be provided on the “Notice of Valuation and Classification” mailed by your county in March 2021 (the example shows 2020). If you have not received the notice of your 2021 EMV yet, you can review the current value for taxes payable in 2021 using the “Notice of Valuation and Classification” that was mailed by your county in March 2020, your current tax statement, contact your county and ask for the 2021 EMV for taxes payable in 2022, or follow the instructions below to look up your 2020 EMV on your county’s website. If you are using your 2020 EMV, please note there may be a change assessed by the county that would be reflected in your 2021 EMV.
Click on the link below, scroll down to the “Online Search” section and select the criteria you would like to search by. Enter in your search criteria and click on your parcel number. Scroll down to the section labeled, “Value and tax summary for taxes payable 20XX (most current year) and use the value listed as “Estimated market value” in the calculator below.
ONLINE CALCULATORS: ESTIMATING TAX IMPACT
Residential Homestead Property
Commercial / Industrial Property
There are certain Minnesota Tax Refunds and Deferrals that may affect certain property owners' situations. They include:
Minnesota Homestead Credit Refund
If your household income is less than approximately $116,180, you may qualify for the Homestead Credit Refund (also known as the “Circuit Breaker” refund). This program, which has existed since the 1970s, is intended to reduce tax burdens for homeowners with relatively low incomes and relatively high property tax burdens. Some important facts about this program are summarized below.
- Available each year to owners of homestead property
- Applies only to the taxes attributable to the house, garage, and one acre on agricultural homestead property
- Available to all owners of residential homestead and agricultural homestead property with household incomes of less than $116,180
- Refund is on a sliding scale, based on your income and your total property tax burden
- The maximum refund is $2,840
- Also available to renters
- To determine eligibility and refund amounts, complete Minnesota tax form M1PR
Special Property Tax Refund
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. There is no income limit for this refund.
To determine eligibility and refund amounts, complete Minnesota tax form M1PR.
Senior Citizen Property Tax Deferral
If you are 65 years or older and have a household income of $60,000 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. The program:
- Limits the maximum amount of property tax you pay to 3 percent of your total household income
- Provides predictability; the amount of tax you pay will not change for as long as you participate in this program