Laserfiche WebLink
<br />Subsection 2.13. Estimated ImDact on Other TaxinG Jurisdictions. <br /> <br />Test No.1: The estimated impact on other taxing jurisdictions assumes construction would have <br />occurred without the creation of a Tax Increment Financing District. If the construction is a result of <br />tax increment financing, the impact is $0 to other entities. <br /> <br />Test No.2: Notwithstanding the fact that the fiscal impact on the other taxing jurisdictions Is $0 due to <br />the fact that the finandng would not have occurred without the assistance of the City, the following <br />estimated impact of the Tax Increment Financing District would be as follows if Test No.1, the "but for" <br />test was not met: <br /> <br />IMPACT OF TAX BASE <br /> %of <br /> Captured <br /> Current Original Future Captured Tax <br /> Tax Tax Tax Tax Capacity to <br />Entity Capacity Capacity Capacity Capacity Entity <br />Oty 2,S33,134 10,350 52,BOO 37,606 1.33% <br />County 230,303,515 10,350 52,800 37,606 0.02% <br />ISO 12 18,268,572 10,350 52,800 37,606 0.21% <br /> <br />IMPACT ON TAX CAPACITY RATES <br /> Current Captured <br /> Tax Tax Potential Rate <br />Entity Rate Capacity Taxes Impact <br />City 52.842% 37,606 $19,871.77 0.70% <br />County 38.694% 37,606 $14,550.97 0.01% <br />ISO 12 39.606% 37,606 $14,894.24 0.08% <br />Total 131.412% 37,606 $49,316.99 0.79% <br /> <br />-Page4- <br />