Tax Impact

How much will the referendum cost taxpayers?

Question One + Two

$16.25 per month*

*Based on the median home value in the Pequot Lakes School District (approx. $400,000)

The approved referendum will be supported by a tax increase on property within our district starting in 2026. 

The tax impact on an average home in our district (approximate value of $400,000) will 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.

Your tax impact will depend on the value of your property.

  • A home valued at $250,000 will see a tax increase of $9.42 per month.

  • A home valued at $400,000 will see a tax increase of $16.25 per month.

  • A home valued at $800,000 will 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.