This site provides information for taxpayers of Independent School District 761 – Owatonna, 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 two ballot questions.
QUESTION 1 would authorize the district to issue up to $104,000,000 for acquisition and betterment of school sites and facilities, including but not limited to, construction of a new high school.
QUESTION 2 would authorize the district to issue up to $8,000,000 for acquisition and betterment of school sites and facilities, including but not limited to, re-purposing of the old high school site for School District use.
Question 2 is contingent on Question 1, meaning it can only pass if Question 1 is approved by voters.
For more information on how these funds would be used, return to the District’s referendum website.
Approval of the ballot questions would result in a property tax increase beginning with taxes payable in 2020, and the debt service tax levies would remain in place for 25 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), 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, click “Agree” and then enter your search criteria. On the search results screen, click on your property’s Parcel ID in the left-hand column. Click on the “Value Information” tab. Use the “Total MKT” number listed in the calculator below. If the two numbers are different, use the number on the left.
Click on the link below and enter in your search criteria. On the search results screen, click on your property’s Parcel ID at the bottom and a pop-up window will appear. On the pop-up window, under “Available Reports”, scroll to the most recent year’s “Tax Statement” and click go. On the top right of the first page, use that year’s “Estimated Market Value” in the tax 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: