
WHAT IS THE IMPACT ON AG PROPERTY?
Minnesota’s School Building Bond Agricultural Credit (AG2School Credit) provides landowners tax relief on school bonds by providing a 70% reduction for their agricultural property. It was created to help reduce and equalize taxes for agricultural landowners in districts where, historically, it was difficult to pass bonds because of how agricultural landowners were taxed.
Since the bill was passed, rural districts have been able to pass bonds that improve the quality of Greater Minnesota Education.