This site provides information for taxpayers of Independent School District 696 – Ely, 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.
The district will hold a special election on Tuesday, August 11, 2020 seeking voter approval of one ballot question.
QUESTION 1 would authorize the district to issue up to $10,000,000 of bonds for the construction, acquisition, and installation of safety and security improvements, preservation and renovation of historic buildings, and the construction of an addition that links Washington Elementary School and Ely Memorial High School.
For more information on how these funds would be used, return to the District’s Referendum website.
Approval of the ballot question would result in a property tax increase beginning with taxes payable in 2021, and the debt service tax levies would remain in place for 20 years. To determine the estimated impact of the proposed ballot question on your 2021 taxes, follow the instructions below or view sample property types and values here.
Please note the estimated tax impact is calculated using the current school building bond agricultural credit. This is the estimated net tax impact.
Your 2021 taxes will be based on the 2020 Estimated Market Value (EMV), which was provided on the “Notice of Valuation and Classification” mailed by your county in March 2020 (see example). If you don’t have that document available, please contact your county and ask for the 2020 EMV for taxes payable in 2021, or follow the instructions below to look up your 2020 EMV on your county’s website.
Click on the link below and select the “Property Tax Lookup” button . Enter your search criteria, most current tax year and click “Search”. On the search results screen, click on the “Property Detail Report” tab for your parcel located on the left-hand side of the screen. Then scroll to the bottom of the first page on the PDF that pops up and find the value listed as “Total EMV” and use that amount in the calculator below.
This property tax credit originally took effect with property taxes payable in 2018. For taxes payable in 2021, the credit reduces taxes for owners of agricultural property in an amount equivalent to 55% of the taxes attributable to school district debt service for all agricultural property, except for the house, garage, and one acre. This credit is directly deducted from property taxes owed and applies to debt service levies for all types of existing and future bonds for construction and renovation projects. For taxes payable in 2018 and 2019, the credit was equivalent to 40%. The State is phasing in an increase to the credit: it was 50% for taxes payable in 2020, and it will be 55% for taxes payable in 2021, 60% for taxes payable in 2022, and for taxes payable 2023 and later the credit will be 70%. The credit is paid through an open and standing appropriation, which means that no action by the Legislature is required each year for this credit to be paid from the state general fund. The credit is automatically deducted on the tax statement and is included in the tax impact estimates provided by Ehlers.
If your adjusted gross income is less than approximately $115,020, 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.
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.
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: