ISD
No. 77 Mankato Area Public Schools
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November 7, 2023
Bond Referendum
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Estimated Tax Impact
Calculator
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Enter your parcel ID without "." or "-" 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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Blue Earth County Parcel Information
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Le Sueur County Parcel
Information
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Nicollet County Parcel
Information
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Format =
(XXXXXXXXX) or (XXXXXXXXXXXXX)
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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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Shall the board of Independent School District
No. 77 (Mankato Area Public Schools), Minnesota be authorized to issue
general obligation school building bonds in an amount not to exceed
$105,000,000 for acquisition and betterment of school sites and facilities
including, but not limited to, safety and security improvements at buildings
districtwide, improvements to support early childhood learning, a swimming
pool addition in the west attendance area, and improvements to Mankato West
High School?
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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 is approved, shall
the board of Independent School District No. 77 (Mankato Area Public
Schools), Minnesota be authorized to issue general obligation school building
bonds in an amount not to exceed $15,000,000 for acquisition and betterment
of school sites and facilities including, but not limited to, stadium
facility improvements at Mankato East High School and Mankato West High
School?
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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. 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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Mankato
Area Public Schools
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507-387-1868
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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. 77 by PMA Securities, LLC with property
data provided by Blue Earth, Le Sueur and Nicollet Counties
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