At Worthington Schools, we strive to manage taxpayer dollars wisely; school property taxes are lower than the state average and below the median of the Big South Conference for both agricultural and residential property taxes.
Residential tax impact
If the referendum is approved, property taxes will increase on residences. Three home values are listed as examples, below.
You may be eligible for tax relief
40% AG2School Credit for Farmers
The new School Building Bond Agricultural Credit (AG2School) means 40% of the cost of existing, proposed, and future construction bond issues on agricultural land will be paid for by the State of Minnesota, with the balance of the cost to be assessed to property under the existing formula. Dwelling value of homestead agricultural property (house, garage and 1 acre) does not qualify for the credit.
Other tax relief opportunities:
Owners of homesteaded property with incomes under $108,660 may be eligible for the MN Property Tax Refund or "Circuit Breaker."
The “Targeted Homeowners Property Tax Refund” can be applied to all homesteaded properties that experience a net property tax increase of 12 percent or $100 over the prior year.
Senior citizens may be able to defer a portion of your property taxes.
Determine your eligibility at the Senior Citizen Property Tax Deferral Program on the Minnesota Department of Revenue site.
For details about the referendum see our Fast Facts Flyer or Hoja De Respuestas Rápidas
ISD 518 Worthington - Website Tax Calculator