This site provides information for taxpayers of Independent School District 535, Rochester, regarding how the district’s proposed operating 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 district will hold a special election on Tuesday, November 5, 2024 seeking voter approval of one ballot question.
The board has proposed to increase the district’s general education revenue by $1,133 per pupil, subject to an annual increase at the rate of inflation.
For more information on how these funds would be used, return to the District’s website.
Impact on Property Taxes
Approval of the ballot question would result in a property tax increase beginning with taxes payable in 2025, and the tax levies would remain in place for 10 years. To determine the estimated impact of the proposed ballot question on your 2025 taxes, follow the instructions below or view sample property types and values here.
NOTE: Agricultural property will pay taxes for the proposed referendum based only on the value of the house, garage and one acre. Seasonal recreational residential property (i.e., cabins) will pay no taxes for the proposed referendum.
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.
Click on the link below and select “Agree” on the disclaimer. Make sure to select “2024” in the “Asmt Year” drop down, enter the search type (parcel ID, address, lot/block or section/township/range) and click “search”. Select your parcel from the results screen. In the “Reports” section on the right, select “Notice of Valuation” and then click “Go” to view. Your payable 2025 valuation notice will pop up (must allow pop-ups to see this screen). Use the value listed in the gray “Step 1” box as “Estimated Market value” in the calculator below.
Click on the link below and enter the search type (name, address, plat/block/lot, parcel ID or sec/twp/rng). Select your parcel from the results screen and scroll down to the “Valuation” section. Use the value listed as “Estimated Market Value” for the 2024 assessment year in the calculator below.
Wabasha County Property Search
ONLINE CALCULATORS: ESTIMATING TAX IMPACT
Residential Homesteads, Apartments & Commercial/Industrial Property
If you own RESIDENTIAL HOMESTEAD, APARTMENTS or COMMERCIAL/INDUSTRIAL property, enter the Estimated Market Value to see the potential tax impact.
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.