Tax Impact
How much will the referendum cost taxpayers if approved?
Question One + Two
$16.25 per month*
*Based on the median home value in the Pequot Lakes School District (approx. $400,000)
If voters approve either of the proposed referendum questions, the investments will be supported by a tax increase on property within our district starting in 2026.
If both questions are approved, the tax impact on an average home in our district (approximate value of $400,000) would be $16.25 per month – $13.42 per month for Question One and $2.83 per month for Question Two.
The tax impact of this plan is approximately 36% less than the projected impact of the 2023 referendum.
Determine your tax impact with our easy-to-use tax calculator!
Use your parcel ID number to determine exactly how much you can expect to pay if one or both referendum questions are approved.
The tax impact of the referendum will depend on the value of your property.
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A home valued at $250,000 would see a tax increase of $9.42 per month.
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A home valued at $400,000 would see a tax increase of $16.25 per month.
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A home valued at $800,000 would see a tax increase of $36.58 per month.
Are there ways to reduce my tax impact?
Tax credits and deferrals such as the Ag2School credit, Minnesota Homestead Credit Refund or Special Property Tax Refund, and the Senior Citizen Property Tax Deferral can reduce the tax impact of the approved referendum on your home, depending on your age, income, and tax burden.