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Tax Increment Financing in Minnesota • <br /> C. New development occurs within the TIF district <br /> • New market value is added to the existing estimated <br /> market value. <br /> Total Total <br /> Estimated Net Total <br /> Market Tax Property <br /> Value Capacity Taxes <br /> • <br /> Increase in Increase in <br /> Estimated (Captured) Tax <br /> Market Net Tax Increment <br /> Value Capacity Revenue <br /> Tax <br /> X Capacity = <br /> Original Original Rate Taxes <br /> Estimated Net to Each <br /> Market Tax Taxing • <br /> Value Capacity Jurisdiction <br /> (OMV) (ONTC) <br /> • <br /> D. Increment received over term of the TIF district <br /> • New market value is added to the existing estimated <br /> market value <br /> Property <br /> Taxes <br /> Tax Increment Revenue <br /> Taxes to Each Taxing Jurisdiction <br /> I I i i � i i i 1 I i i i • <br /> Time (Years) ---� <br />