This site provides information for taxpayers of Redwood Area School District, 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, April 11, 2023 seeking voter approval of one ballot question.
QUESTION 1 would authorize the district to issue up to $46,630,000 for acquisition and betterment of school sites and facilities including the construction and equipping of a new Pre-K-4 elementary school; the decommissioning of the existing Reede Gray Elementary School site; the acquisition of land adjacent to that site for use in the construction of the new elementary school; and the construction of related site and grading improvements, concrete walkways, curbs, parking lots, and play surfaces.
For more information on how these funds would be used, view the District’s website.
Approval of the ballot question would result in a property tax increase beginning with taxes payable in 2024, 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 2024 taxes, follow the instructions below or view sample property types and values here.
Your 2024 taxes will be based on the 2023 Estimated Market Value (EMV), which will be provided on the “Notice of Valuation and Classification” mailed by your county in March 2023. Because the county has not yet published your value for taxes payable 2024, you can review the current value for taxes payable in 2023 using the “Notice of Valuation and Classification” that was mailed by your county in March 2022, your proposed tax statement from November 2022, contact your county and ask for the 2022 EMV for taxes payable in 2023, or follow the instructions below to look up your 2022 EMV for taxes payable in 2023 on your county’s website. Please note there may be a change assessed by the county that would be reflected on the next year’s valuation.
(507) 637-4013
Click on the link below, check, “I ACCEPT…” and push, “Proceed.” Enter your search criteria. On the results screen, click on your parcel labeled as, “2022 Value for Tax Payable 2023.” Select to view the, “Value Information” tab and use the value listed as, “Total MKT” in the calculator below. If there are two different numbers, use the value on the left.
Click on the link below, select “I Accept”, click “Proceed” and enter in your search criteria. Select your parcel from the results screen (make sure to select the one labeled as “2022 Value for Tax Payable 2023”). Click on the “Value Information” tab and use the left-most value labeled as “Total MKT” in the calculator below.
This property tax credit originally took effect with property taxes payable in 2018. For taxes payable in 2023 and later, the credit reduces taxes for owners of agricultural property in an amount equivalent to 70% 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. 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 household income is less than approximately $128,280, 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: