Laserfiche WebLink
S <br /> 11311ackhawk Wcuds <br /> Rental Townhomes <br /> Elk River, MN (Sherburne County) <br /> TIF Calculation Worksheet <br /> Assessor estimate of Real Estate Taxes(4-D) $ 1,260 (2 BR) <br /> Assume 1 BR Units @ 80% $ 1,080 <br /> (will send Final Construction Plans to Assessor) <br /> 501 BR @$1,080= $ 50,400 <br /> 35 2 BR @$1,260= $ 44,100 <br /> Total New Real Estate Tax Estimate $ 94,500 <br /> Existing Tax(estimate) $ (6,000) <br /> Estimated Increment $ 88,500 <br /> City Retains 10% $ (8,850) <br /> Project Increment $ 79,650 <br /> 15 Year TIF 3%Trending <br /> $79,650 x 18.598914=$1,481,404 <br /> C:\Users\Denise Johnson\Documents\2012 New Projects\Roger\New Project Info 8-2-10\Elk River\ER 05 2-28-13 614/201324:44 AM <br />