Referendum 2015

Tax Impact

Estimated Tax Impact 

The May 5 facilities referendum is for a 21-year facilities bond of $124.9 million. The estimated annual tax impact on an average Edina residence ($400,000 value) is $299. The table below shows monthly and annual tax impact for a number of other residential values.

  • For a more exact tax impact estimate on your property, visit the Tax Calculator.
  • To see additional tax information, including estimated tax impact on commercial/industrial properties, and apartments and residential non-homestead properties, click here.  
Market Value
 Estimated Monthly
Tax Impact
(payable in 2016)
Estimated Annual 
Tax Impact
(payable in 2016)
 $200,000 $11.33 $136
 $250,000$14.66 $176
 $300,000 $18.08 $217
 $350,000 $21.50 $258
 $400,000 $24.92 $299
  $441,500*   $27.58   $331 
 $450,000 $28.17 $338
 $500,000$31.25 $375
 $600,000 $39.09 $469
 $700,000 $46.92 $563
 $800,000 $54.67 $656
 $900,000$62.50 $750
 $1,000,000 $70.33 $844
 $2,000,000 $148.42 $1,781

* median value home in Edina Public Schools 

NOTE: The figures in the table above are based on school district taxes for the proposed capital and debt levies only, and do not include tax levies for other purposes. Tax increases shown above are gross increases, no including the impact of the state Property Tax Refund ("Circuit Breaker") program. Some owners of homestead property will qualify for a refund based on their income and total property taxes. This will decrease the new tax increase for some property owners.  


Tax Calculator


For an estimate of how the proposed referendum would affect your property taxes, click HERE to access a property tax calculator.


Contact Us

Don't see your question here? Contact the 2015 Referendum Hotline: 

  • Call 952-848-4038