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ISD
No. 719, Prior Lake-Savage Area Schools
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November 5, 2024
Referendum
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Estimated Tax Impact
Calculator
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Enter your parcel ID in the 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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Scott County Parcel
Information
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Format = (XXXXXXXXX)
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Taxpayer Name
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Estimated Market Value
(Taxes Payable 2025)
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School District Question
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The board of Independent School District No. 719
(Prior Lake-Savage Area Schools), Minnesota has proposed to revoke the School
District’s existing referendum revenue authorization of $623.97 per pupil and
replace that authorization with a new authorization of $1,803 per pupil,
subject to an annual increase at the rate of inflation. The proposed new referendum revenue
authorization would be first levied in 2024 for taxes payable in 2025 and
applicable for ten (10) years unless otherwise revoked or reduced as provided
by law. Shall the revocation of the existing referendum authorization and the
new authorization proposed by the Board of Independent School District No.
719 (Prior Lake-Savage Area Schools), Minnesota be approved?
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Revoked
Authority
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Proposed Authority
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Reduction in Equity1
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Annual Net Tax Increase
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Monthly Net Tax Increase
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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 reflect the estimated changes to the
referendum and equity revenues and 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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1The total equity revenue
and the resulting tax levy is based on a formula that provides more
revenue to school districts with lower referendum authorities. As the
referendum revenue per pupil increases, the equity revenue will also decrease
resulting in a tax decrease. The tax impact shown above estimates the tax
decrease resulting from a reduction in equity revenue as a result of the
proposed referendum authorization.
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Please
contact one of the following for questions:
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Prior
Lake - Savage Area Schools
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952-226-0000
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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. 719 by PMA Securities, LLC with property data provided by Scott
County.
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