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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 TI F Work? TI F Generated <br /> Al I "Elf <br /> Parcel <br /> I <br /> 7. <br /> Base Tax $200 $12,000 $13,500 $150 $15,000 $100 $20,000 <br /> Tax from New $30,000 $0 $0 $0 $0 $0 $0 <br /> Development <br /> $to taxing districts $200 $12,000 $13,500 $150 $15,000 $100 $20,000 <br /> $to TIF District $28,800 $0 $0 $0 $0 $0 $0 <br /> Base Taxes (going to all taxing districts) $60,950 (Base) <br /> Increment (going to TIF district) $28,800 (Increment) <br />
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