This site provides information for taxpayers of Independent School District 2365 – GFW, 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, November 5, 2019 seeking voter approval of one ballot question.
QUESTION 1 would authorize the district to issue up to $49,490,000 to provide funds for the acquisition and betterment of school sites and facilities District wide, including without limitation the purchase of land and construction of a new pre-K-12 school facility in Gibbon, and the decommissioning of existing Gibbon, Winthrop and Fairfax school facilities.
For more information on how these funds would be used, return to the District’s website.
Approval of the ballot question would result in a property tax increase beginning with taxes payable in 2020, 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 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), which was provided on the “Notice of Valuation and Classification” mailed by your county in March 2019 (see example). If you don’t have that document available, please contact your county and ask for the 2019 EMV for taxes payable in 2020, or follow the instructions below to look up your 2019 EMV on your county’s website.
Click on the link below, under the “Select Payment Type” click “Property Taxes” and enter your search criteria. On the search results screen, click on the PDF for your parcel under the “Valuation Notice” column. Use the “Estimated Market Value” in the calculator below.
Click on the link below, enter your search criteria and click “Search by…”. Then click on your parcel and year 2019 from the results screen on the left-hand side. Scroll down to the “Assessment Year” section and find the value for “Est. Market Value – Total” and use that amount in the calculator below.
Click on the link below and select “I Accept” and click on “Proceed”. Enter your search criteria and click “Search”. If you search by street name, put an asterisk (*) before and after the name. On the search results screen, click on the parcel number for your property in the “2019 Value for Tax Payable 2020” row. On the next screen click on “Value Information” at the top of the page, and then find the amount labeled “Total MKT”. If there are two different numbers, use the value on the left. Use the “Total MKT” amount in the calculator below.
Click on the link below and click on “Property Search”. Enter your search criteria and then click “Search”. On the search results screen, click on your parcel. Scroll down to the “Taxation” section and use the most recent payable year’s “Estimated Market Value” in the calculator below.
This property tax credit originally took effect with property taxes payable in 2018. For taxes payable in 2020, the credit reduces taxes for owners of agricultural property in an amount equivalent to 50% 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 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 $113,150, 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: