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The estimated tax impact for typical residential homesteads, apartments, commercial-industrial properties, and most other classes of property within Burnsville-Eagan-Savage School District 191 for 2020 is shown in the table below:
|Estimated Market Value||Monthly Revoked Authority for 2020||Monthly Proposed Authority for 2020||Monthly Net Change for 2020|
The estimated tax impact was provided by Ehlers & Associates.
There are certain Minnesota Tax Credits and Deferrals that may affect certain property owners’ situations. For instance, if a homeowners adjusted gross income is less than about $113,000, they may qualify for the Homestead Credit Refund.
To determine eligibility and refund amounts, complete Minnesota tax form M1PR.
Also, senior citizens whose income is $60,000 or less may be able to defer a portion of their property taxes. The program limits the total amount of property taxes they pay based on their income and helps provide predictability for people who may be on a fixed income.