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CentervilleTIFDistrict1-8 <br />October4,2019 <br />Page 7 <br />District).Thisisbasedonanestimatedtaxablemarketvalueof$6.36millionfortheProjectand <br />basedontaxratesforyear2019.Figure2belowprovidesfurtherdetailsfortheestimates. <br />Figure2. <br />AllFiguresareEstimatedbasedontheProject <br />AnnualCaptured <br />AnnualTaxes <br />TaxingJurisdictions <br />CurrentTaxesTaxes(TaxTotalAnnual <br />ReceivedifTIFis <br />ReceivedIncrement)ifTIFTaxes <br />Approved <br />isApproved <br />City$0$2,958$42,741$45,699 <br />SchoolDistrict$0$19,862$26,756$46,618 <br />County$0$1,831$26,465$28,296 <br />OtherSpecialTaxing <br />$0$292$4,226$4,519 <br />Jurisdictions <br />Total$0$24,943$100,189$125,132 <br />Notes: <br />1.Amountsareestimatedbasedontaxablemarketvalueof$6,360,000,classifiedasmarketrate <br />apartments,pay2019taxrates. <br />2.CapturedtaxesreferstothetaxesthatwillbecapturedwithintheTIFDistrictandusedtoassistthe <br />Project.ToestablishtheTIFDistrict,theCityCouncilmustfindthattheProject,asproposed,would <br />notbefeasiblewithoutTIF. <br />3.AllamountsareestimatedandbasedonyearoneoftheTIFDistrict,afterprojectcompletion. <br />8 <br /> <br />