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tax capacity rate and the estimated tax increment received reveals the amoral use of tax <br />dollars for project costs as it affects each taxing jurisdiction. Anticipating atax increment at <br />build out as described in Appendix E, Section II, "Tax Increment Estimate," and utilizing <br />the current tax capacity rate, the estimated taxes received would be as follows for the taxing <br />bodies: <br />Tax Increment Finance <br />District <br />Captured Tax Capacity Tax* Increment <br />$416,450 $380,000 <br />Based on the current tax capacity rate, the estimated taxes received would be as follows for <br />the taxing bodies: <br />*On high end of $330,000 to $380,000 range. <br />Modification Tax <br />Entity <br />Tax Capacity Rate <br />Percent <br />Increment <br />City <br />10.621 <br />11.58 <br />44,004 <br />County <br />28.380 <br />30.97 <br />117,686 <br />School District <br />46.168' <br />50.37 <br />191,406 <br />Other <br />6.477 <br />7.08 <br />26,904 <br />TOTAL <br />91.6462 <br />100.00% <br />$380,000 <br />Confirmed 4.051 tax capacity rate referendum. A tax capacity rate of 87.595 may <br />be used to estimate tax increment, if the fiscal consultant determines the project is <br />eligible. <br />2. A frozen original tax capacity rate is not applicable to pre -May 1, 1988 districts <br />since the district was approved in February of 1988 and certified prior to May 1, <br />1988. <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 tax capacity value due to <br />development will not be available for the application of the tax capacity rate for the <br />duration of the tax increment financing district, this new tax capacity value could <br />eventually permit a tax capacity rate decrease. If it could be assumed that the captured tax <br />capacity value was available for each taxing jurisdiction, the non -receipt of tax dollars <br />represented as tax increments may be determined. This determination is facilitated by <br />estimating how much the tax capacity rate for property outside of the tax increment <br />financing district would have to be increased to raise the same amount of tax dollars in each <br />taxing jurisdiction that would be available if the projects occurred WITHOUT T14E. <br />ASSISTANCE OF THE CITY. <br />City of Mounds View TIF District No. 1 Modification 16 (F a g c <br />