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2024 TIF Expansion Proposal
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11-25-2024 Common Council Meeting
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2024 TIF Expansion Proposal
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11/26/2024 9:30:47 AM
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11/26/2024 9:30:30 AM
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City Council - City Clerk
City Counci - Date
11/25/2024
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How does TIF Work? New Development <br /> New Development <br /> • r IB <br /> I ii9w <br /> i <br /> r <br /> a <br /> Base Tax $200 $12,000 $131500 $150 $15,000 $100 $20,000 <br /> Tax After Boundary $200 $12,000 $13,500 $150 $15,000 $100 $20,000 <br /> Adjustment <br /> Tax from New $30,000 $0 �� 0 �` 0 <br /> Development <br /> New Taxes $30,000 <br /> — Base Taxes = - 200 <br /> Tax Increment $28 800 <br />
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