Tax Impact

  • tax impact chart

        *If voters approve both requests, taxes on the average district home ($178,000 value home)
          would increase less than $12
    per month.

      For a more detailed tax impact chart, click here.

    Minnesota Homestead Credit Refund

    If your adjusted gross income is less than approximately $108,660, you may qualify for the Homestead Credit Refund (also known as the “Circuit Breaker” refund).  This program, which has existed since the 1970s, helps reduce tax burdens for homeowners with relatively low incomes and relatively high property tax burdens. Some important facts about this program: 

    • Available to all owners of residential homestead and agricultural homestead property with incomes of less than $108,660. 
    • Refund is on a sliding scale, based on your income and your total property tax burden. 
    • The maximum refund is $2,660. 
    • To determine eligibility and refund amounts, review Minnesota tax form M1PR (available online at www.taxes.state.mn.us). To file for a refund, search that site for the 2017 M1PR form, which will become available in early 2018.

    An example: someone who lives in a $125,000 home with $60,000 annual income would receive a tax refund for approximately $60, thus reducing the net impact of the November 2017 referendum to $3.25 per month.

    For more information about a possible tax refund, click here.