Understanding the potential tax impact is an important part of evaluating the proposed Little Falls School District facilities referendum. The district is committed to providing clear, accurate information so taxpayers can review how the referendum may affect them.
A home valued at approximately $225,000 would see an estimated tax impact of about $15 per month if Question 1 is approved, and about $20 per month if both referendum questions are approved.
The bonds will be paid off over 20 years with a fixed interest rate. When combined with the district’s current outstanding bonds, the payments will be level over the 20 years without any inflationary increases.
A personalized online tax calculator is available for property owners to estimate the potential tax impact of the proposed bond referendum.
Using the calculator, taxpayers can:
In general, you may qualify if:
– Your total household income is less than $139,320
– You are a Minnesota resident or part-year resident
– You owned and occupied your home on January 2, 2025
– You file Form M1PR with the Minnesota Department of Revenue
Some homeowners may qualify for property tax relief through the Minnesota Department of Revenue’s Homestead Property Tax Refund Program, which can help offset a portion of property tax increases.
The refund amount is based on household income and total property taxes paid.
If the referendum is approved, some homeowners may become newly eligible for a refund, or see an increase in the refund they already receive.
Eligibility and refund amounts vary by household. For specific guidance, homeowners are encouraged to consult the Minnesota Department of Revenue or a tax professional.
The Ag2School Credit is a State of Minnesota program that helps reduce the cost of school facility projects related to agricultural property.
For the proposed Little Falls Community Schools April 14, 2026 Bond Referendum:
You’re invited! Join Superintendent Greg Johnson and district leadership for a Virtual Community Forum regarding the upcoming school referendum.
This is your space to get a direct update, ask questions, and get clear information on the topics that matter most to our schools and community.
Note: The virtual platform holds up to 300 attendees. The session will be recorded for those unable to join live. If there is enough interest, we may hold another virtual meeting.