This site provides information for taxpayers of Independent School District 390, Lake of the Woods School, regarding how the district’s proposed school building bond 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 school board of Independent School District No. 390 (Lake of the Woods School) will hold a school building bond referendum on November 5, 2024, asking voters to approve two questions.
Question 1 proposes a capital project levy authorization of 5.05% times the net tax capacity of the school district. The proposed capital project levy authorization will raise approximately $400,000 for taxes payable in 2025, the first year it is to be levied, and would be authorized for ten years. The estimated total cost of the projects to be funded over that time period is approximately $4,000,000. The additional revenue from the proposed capital project levy authorization will be used to provide funds for the acquisition and betterment of school sites and facilities, including deferred maintenance and renovation projects, the acquisition, installation, replacement, support and maintenance of software, educational software, software licenses, computers, improved technology equipment, networks, infrastructure, the costs of technology related personnel and training; the purchase and replacement of school buses and school-related transportation vehicles; and the acquisition of curriculum, textbooks and materials. The projects to be funded have received a positive review and comment from the Commissioner of Education.
Question 2 would authorize the District to issue general obligation school building bonds in an amount not to exceed $4,000,000 to provide funds for the acquisition and betterment of school sites and facilities, including the construction of site safety and traffic flow improvements to the school site and facility; and the completion of various deferred maintenance and infrastructure projects at that facility, including roof repairs, exterior masonry, flooring repair and improvements.
For more information on how these funds would be used, return to the District’s website.
Impact on Property Taxes
Approval of the ballot questions would result in a property tax increase beginning with taxes payable in 2025, and the tax levies for the capital project levy would remain in place for 10 years. The tax levies for the bond issue would remain in place for 15 years. To determine the estimated impact of the proposed ballot questions on your 2025 taxes, follow the instructions below or view sample property types and values here.
Your 2025 taxes will be based on the 2024 Estimated Market Value (EMV), which was provided on the “Notice of Valuation and Classification” mailed by your county in March 2024.
Phone – (218) 634-2536
ONLINE CALCULATORS: ESTIMATING TAX IMPACT
Residential Homestead Property
If you own a RESIDENTIAL HOMESTEAD property, enter the Estimated Market Value below to see the estimated tax impact
Commercial / Industrial Property
If you own COMMERCIAL/INDUSTRIAL property, enter the Estimated Market Value below to see the estimated tax impact.
Seasonal Recreational Residential Property
If you own SEASONAL RECREATIONAL RESIDENTIAL property, enter the Estimated Market Value to see the potential tax impact.
Agricultural Property
If you own agricultural or other types of property, please complete the following form and submit it to Ehlers. Once we receive it, an Ehlers representative will contact your county to find the value and classification of your property, calculate the tax impact and contact you via phone or email with the results. Please allow 1-3 days for completion. PLEASE NOTE: you may enter up to 10 property IDs by clicking the “+” button at the end of each row. For more than 10 properties, please contact Ehlers.
If you have any questions, please call Ehlers at 1-800-552-1171 and ask to speak with a member of our Education Team.
There are certain Minnesota Tax Credits and Deferrals that may affect certain property owners' situations. They include:
Minnesota Homestead Credit Refund
If your household income is less than approximately $135,410, 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 $135,410
- Refund is on a sliding scale, based on your income and your total property tax burden
- The maximum refund is $3,310
- 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 and the maximum refund is $1,000.
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 $96,000 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
The 2023 Legislature modified the requirements of this program by increasing the household income limit to $96,000. This new income limit is in effect for taxes payable in 2024 and later years.