Annual Disclosure of Tax Increment Districts
for the Year Ended December 31, 2011.
TIF District Name: TIF 4 TIF 5 Clinic Proj.
Current net tax capacity $46,756 $0
Original net tax capacity $867 $0
Captured net tax capacity $45,889 $0
Principal and interest payments
due during current year $0 $51,659
Tax increment received $34,868 $0
Tax increment expended $34,868 $0
Month and year of first tax
increment receipt 7/2003 7/2012
Date of required decertification 12/31/11 12/31/37
Increased property tax imposed on
other properties as a result
of fiscal disparities contribution * na na
* The fiscal disparity property tax law provides that the growth in commercial-indusrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a tax increase for other properties in the municipality or result in a decrease in tax increment financing district revenue depending on how the tax increment financing district is established.
Additional information regarding each district may be obtained from-
309 Lewis Ave. S
Watertown, MN 55388
(Published in Carver County News Aug. 9, 2012)