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ISD
No. 511 Adrian Public Schools
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November 7, 2023
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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Nobles County Parcel Information
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Format = (XX-XXXX-XXX)
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Taxpayer Name
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Estimated Market Value
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(Taxes
Payable 2024)
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School District Question 1
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The board of Independent School District No. 511
(Adrian), Minnesota has proposed a capital project levy authorization in the
maximum amount of 3.1139% times the net tax capacity of the School District.
The proposed capital project levy authorization will raise approximately
$300,000 for taxes first levied in 2023, payable in 2024, and would be
authorized for ten (10) years. The estimated total cost of the projects to be
funded over that time period is approximately $3,000,000. The proposed
authorization will provide funds for technology and safety security
improvements; textbooks and curriculum-related equipment; and maintenance and
renovation projects. The projects to be funded have received a positive
review and comment from the Commissioner of Education. Shall the capital
project levy authorization proposed by the board of Independent School
District No. 511 (Adrian), Minnesota be approved?
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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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Shall the board of Independent School District
No. 511 (Adrian), Minnesota be authorized to issue general obligation school
building bonds in an amount not to exceed $5,335,000 for acquisition and
betterment of school sites and facilities including, but not limited to, roof
system, playground, parking lot,
sidewalk and retaining wall improvements?
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Annual Tax
Impact
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Monthly Tax Impact
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For agricultural 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 for question 2. The tax impacts shown above are after the 70%
reduction in taxes eligible for taxes payable in 2024 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 2024. The calculations are based on current property tax
laws. The valuation data is based on preliminary property values for taxes
payable in 2024 provided by the counties 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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Adrian
ISD 511
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507-483-2266
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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. 511 by PMA Securities, LLC with property
data provided by Nobles County
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