Laserfiche WebLink
Centerville TIF 1-8 <br />June 5, 2024 <br />Page 7 <br />Exhibit C <br />City of Centerville <br />Tax Increment Financing District No. 1-8 (Redevelopment) <br />Centerville - Westview St. <br />Projected Real Estate Taxes to Respective Taxing Jursidctions <br />Future Taxes Payable from Property within TIF <br />1, 2, 3 <br />District <br />Current Taxes <br />Payable to Taxes Payable <br />Captured Taxes <br />Taxing JurisdictionsTaxing to Taxing Total <br />(TIF) <br />Jurisdictions Jurisdictions <br />(Tax Year 2024) <br />City 3,443 4,421 120,392 124,813 <br />School District 3,944 56,348 70,718 127,066 <br />County 2,200 2,825 76,915 79,740 <br />Other Taxing Jurisdictions 452 550 14,963 15,513 <br />Total 10,039 64,144 282,988 347,132 <br />Notes: <br />1. Amounts are estimated based on estimated taxable market value of $24.4 million for property within the TIF <br />District and based on current Pay 2024 tax rates. <br />2. Captured taxes refers to the taxes that will be captured within the TIF District and used to assist the Project. <br />The amount is before deductions for State Auditor fees. To establish the TIF District, the City Council must first <br />find that the Project, as proposed, would not proceed in without TIF. <br />3. All amounts are annual estimates based on the first year after project completion. <br /> <br />