Taxpayer Impact per year - (BOND)

Ag2School Credit - State Aid on Agricultural land

The state of Minnesota has an Ag to School tax credit which positively assists those with agricultural land fund bonded projects. In the past agricultural land was taxed at 100%. With this credit, The Department of Revenue pays/State of Mn.  pays 70% of the cost of the bond per acre and this dollar amount is not seen on your tax statements.   The agricultural land is taxed at the remainder 30%. 

Click here:     Minnesota State Statute 273.1387 School Buildings Bond Agricultural Credit - Ag2school credit