THE COST
The State of Minnesota will pay approximately $40 million of the referendum.
Our schools are aging and in need of extensive repairs.
How much will it cost me?
The owner of a home valued at $175,000 would pay $15/month in property taxes ($178/annually) if the referendum is approved.
Tax Impact on Three Home Values
*Median home value
Total School Property Taxes On a $175,000 home
Did You Know?
Clearbrook-Gonvick total school taxes are low compared to our neighbors
The state of Minnesota will pay approximately $3.7 million of the referendum
Large corporations will pay a significant portion of the referendum - Enbridge alone would pay nearly a quarter of the cost
Agricultural land receives a 70% tax credit on school bond levies
Additional help with property taxes is available for those that qualify
Clearbrook-Gonvick total school taxes are low compared to our neighbors
$15.00
The tax impact for the referendum is less than the cost of a large pizza each month.
Based on agricultural homestead land
valued at $5,000 per acre
Large corporations will pay a significant portion of the referendum - Enbridge alone would pay nearly a quarter of the cost. Residential property owners in the district will pay approximately 15% ($5.2 million) of the cost of the referendum. Referendum funding sources are in the chart below.
Agricultural land receives a 70% tax credit on school bond levies
If you own agricultural land, the State of Minnesota will pay for a large portion of the total referendum project through the Ag2School Tax Credit program. This is an automatic reduction of property taxes paid - you don’t need to take any action! The legislature passed this legislation in the 2017 session and it remains today.
Did You Know?
The state of Minnesota will pay approximately $3.7 million of the referendum. The state provides owners of agricultural land a 70% tax credit and pays that portion of the referendum to the school district.
