TAX IMPACT
Calculate Your Personal Tax Impact
Our schools are aging and in need of extensive repairs.
Calculate your personal tax impact
Click on the button below to visit the tax calculator and determine the specific tax impact for your home and agricultural property.
Additional Tax Relief Available
The MN Department of Revenue says many property owners qualify and don’t do the paperwork to claim the following refunds:
Homestead Credit Refund
Available for all homestead property*, both residential and agricultural - house, garage and one acre (HGA only). Refund is sliding scale, based on total property taxes and income (maximum refund is $3,310 for homeowners and $2,640 for renters)
Special Property Tax Refund
Available for all homestead property*, both residential and agricultural (HGA only) with a gross tax increase of at least 12% and $100 over prior year. Refund is 60% of tax increase that exceeds greater of 12% or $100 (max $1,000)
Senior Citizen Property Tax Deferral
Allows people 65 years of age or older with household income of $96,000 or less to defer a portion of property taxes on their home. Deferred property taxes plus accrued interest must be paid when home is sold or homeowner(s) dies.
The Ag2School Tax Credit is an automatic 70% property tax credit for owners of agricultural land.
Learn More!
The MN Department of Revenue says many property owners qualify and don’t do the paperwork to claim the refunds described above.
Visit the Department of Revenue website at www.revenue.state.mn.us for more information
*Homestead property is physically occupied by the owner or owner’s qualifying relative as the principal place of residence.