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County Library $1,543,703,251 .157 <br />Considering all the districts, it can be seen from the above that the city will have over 96% <br />and the school and county districts will have over 99% of each respective district available <br />for normal growth of tax base or valuation. Applying the percentage of the total mill rate in <br />1986 levied by each taxing jurisdiction to the projected mill rate and the estimated tax <br />increment received reveals the annual loss of tax dollars by each taxing jurisdiction as <br />listed in the table below assuming development would occur without public assistance. <br />The finance plan indicates we anticipate a tax increment at build out as follows: <br />Captured Assessed Tax Increment <br />Valuation Received <br />Tax Increment Finance District $10,516,892 $1,052,520 <br />Based on the current mill rate, the estimated taxes received would be as follows for the <br />taxing bodies: <br />The following table represents the additional mills that would have to be levied to <br />compensate for the loss of tax dollars in estimated tax increments for each taxing <br />jurisdiction. The tax increments derived from the redevelopment project alluded to in the <br />tax increment district would not be available to any of the taxing jurisdictions were it not <br />for public intervention by the City. Although the increases in assessed value due to <br />development will not be available for the application of the mill levy for the duration of the <br />tax increment financing district, this new assessed -value could eventually permit a mill <br />levy decrease. If it could be assumed that the captured assessed value was available for <br />each taxing jurisdiction, the non -receipt of tax dollars represented as tax increments may be <br />determined. This -determination is facilitated by estimating how much the mill levy for <br />property outside of the tax increment financing district would have to be increased to raise <br />the same amount of .tax dollars in each taxing jurisdiction that would be available if the <br />projects occurred without the assistance of the City. <br />City of Mounds View TIF District No. I Modification 14 111 a g e <br />Mills <br />Percent <br />Tax Increment <br />City of Mounds View <br />13.876 <br />13.9% <br />$145,932 <br />County of Ramsey <br />31.867 <br />31.8% <br />335,142 <br />School District #621 <br />47.069 <br />47.0% <br />495,019 <br />Spec. Ind. School Dist. <br />1.160 <br />1.2% <br />12,200 <br />#916 <br />Other <br />6.107 <br />6.1% <br />64,227 <br />Total <br />100.79 <br />100.0% <br />$1,052,520 <br />The following table represents the additional mills that would have to be levied to <br />compensate for the loss of tax dollars in estimated tax increments for each taxing <br />jurisdiction. The tax increments derived from the redevelopment project alluded to in the <br />tax increment district would not be available to any of the taxing jurisdictions were it not <br />for public intervention by the City. Although the increases in assessed value due to <br />development will not be available for the application of the mill levy for the duration of the <br />tax increment financing district, this new assessed -value could eventually permit a mill <br />levy decrease. If it could be assumed that the captured assessed value was available for <br />each taxing jurisdiction, the non -receipt of tax dollars represented as tax increments may be <br />determined. This -determination is facilitated by estimating how much the mill levy for <br />property outside of the tax increment financing district would have to be increased to raise <br />the same amount of .tax dollars in each taxing jurisdiction that would be available if the <br />projects occurred without the assistance of the City. <br />City of Mounds View TIF District No. I Modification 14 111 a g e <br />