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ISD No. 166, Cook County Schools
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November 5, 2024 Bond Referendum
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Estimated Tax Impact Calculator
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Enter your parcel ID in the yellow box below and click update to
see your estimated tax impact. For assistance in obtaining your Parcel ID,
please use the link below:
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Cook County Parcel Information
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Format = (XX-XXX-XXXX)
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Taxpayer Name
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Estimated Market Value (Taxes Payable 2025)
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School District Question 1
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Shall the board of Independent School District
No. 166 (Cook County Schools), Minnesota be authorized to issue general
obligation school building bonds in an amount not to exceed $24,175,000 for
acquisition and betterment of school sites and facilities including, but not
limited to, the construction of a secured entrance addition, physical
education addition, including a single-court gymnasium, and classroom, common
area and special education improvements?
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Annual Tax
Impact
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Monthly Tax Impact
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School District Question 2
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If School District Question 1 above is approved,
shall the board of Independent School District No. 166 (Cook County Schools),
Minnesota be authorized to issue general obligation school building bonds in
an amount not to exceed $9,155,000 for acquisition and betterment of school
sites and facilities including, but not limited to, districtwide performing
arts improvements and outdoor learning space upgrades, construction of an
updated bus maintenance shop, track surface, synthetic turf field, bleachers,
concessions, score board, parking and lighting improvements?
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Annual Tax
Impact
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Monthly Tax Impact
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School District Question 3
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If School District Question 1 and School District
Question 2 above are approved, shall the board of Independent School District
No. 166 (Cook County Schools), Minnesota be authorized to issue general
obligation school building bonds in an amount not to exceed $3,450,000 for
acquisition and betterment of school sites and facilities including, but not
limited to, the construction of a second court in the gymnasium referred to
in School District Question 1?
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Annual Tax
Impact
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Monthly Tax Impact
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Other Important Information
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For land classified as 2a, 2b or 2c, the Ag2School
credit passed into law in May 2019 establishes a 70% credit for taxes payable
in 2023 and beyond on school district debt service levies including the
proposed property tax levy. The tax impacts shown above are after the 70%
reduction in taxes eligible for taxes payable in 2025 as a result of this
credit.
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The tax calculator is intended for illustrative
and informational purposes only. The figures shown above represent the
estimated tax increase for the proposed referendum questions on property
taxes payable in 2025. The calculations are based on current property tax
laws. The valuation data is based on preliminary property values for taxes
payable in 2025 provided by the county which is believed to be accurate but
not guaranteed. The tax impacts do not include other categories of the school
district's property tax levy, nor does it include property taxes for other
taxing jurisdictions. The calculation does not take into account any other
applicable property tax refunds or deferrals for which a taxpayer may be
qualified, or consider future potential changes in district wide property
values, individual homeowner reassessment, state law changes and other
factors.
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Please contact one of the following for questions:
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Cook
County Schools
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218-387-2271
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PMA
Securities, LLC
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Albertville,
MN
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Email Us
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Prepared for ISD No. 166 by PMA Securities, LLC with property
data provided by Cook County.
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