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()- <br />TAX INCREMENT FINANCING REDEVELOPMENT DISTRICT NO. 18 <br />Exhibit III <br />City of Centerville <br />Tax Increment Financing District No. 1-8 <br />Impact on Other Taxing Jurisdictions <br />(Taxes Payable 2024) <br />Centerville - Westview St. <br />Annual Tax Increment <br />Estimated Annual Captured Tax Capacity (Full Development)$346,615 <br />Payable 2024 Local Tax Rate94.295% <br />Estimated Annual Tax Increment$326,840 <br />Percent of Tax Base <br />Net Tax Captured <br />Percent of <br />Capacity Tax <br />Total NTC <br />(NTC)Capacity <br />City of Centerville7,540,090346,6154.60% <br />Anoka County615,308,722346,6150.06% <br />Centennial School District #1262,227,245346,6150.56% <br />Dollar Impact of Affected Taxing Jurisdictions <br />Net Tax Tax Added <br />Capacity % of TotalIncrement Local Tax <br />(NTC)ShareRate <br />City of Centerville40.116%42.543%139,0481.844% <br />Anoka County25.629%27.180%88,8340.014% <br />Centennial School District #1223.564%24.990%81,6760.131% <br />Other4.986%5.288%17,282 <br /> Totals94.295%100.000%326,840 <br />NOTE NO. 1: Assuming that ALL of the captured tax capacity would be available to all taxing jurisdictions <br />even if the City does not create the Tax Increment District, the creation of the District will reduce tax capacities <br />and increase the local tax rate as illustrated in the above tables. <br />NOTE NO. 2: Assuming that NONE of the captured tax capacity would be available to the taxing jurisdiction <br />if the City did not create the Tax Increment District, then the plan has virtually no initial effect on the tax <br />capacities of the taxing jurisdictions. However, once the District is established, allowable costs paid from the <br />increments, and the District is terminated, all taxing jurisdictions will experience an increase in their tax base. <br />DRAFT AS OF JUNE 5, 2024 15 <br /> <br />