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Exhibit IV Estimated Impact on Other Taxing Jurisdictions ReportCity of Elk River, MinnesotaTax Increment Financing (Economic Development) District No. 26Shoot Steel, INCDraft TIF Plan ExhibitsWithoutProject or TIF District With Project and TIF DistrictProjected Hypothetical2019/2020 2019/2020 Retained New Hypothetical Hypothetical Tax GeneratedTaxable 2019/2020 Taxable Captured Taxable Adjusted Decrease In by RetainedTaxing Net Tax Local Net Tax Net Tax Net Tax Local Local CapturedJurisdiction Capacity (1) Tax Rate Capacity (1) + Capacity = Capacity Tax Rate (*) Tax Rate (*) N.T.C. (*)City of Elk River 27,823,086 46.241% 27,823,086 $26,618 27,849,704 46.197% 0.044% 12,297Sherburne County 106,729,866 47.426% 106,729,866 26,618 106,756,484 47.414% 0.012% 12,621ISD #728 41,735,916 34.371% 41,735,916 26,618 41,762,534 34.349% 0.022% 9,143Other (2) --- 2.533% --- 26,618 --- 2.533% --- --- Totals 130.571% 130.493% 0.078% * Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each ofthe taxing jurisdictions above, the result would be a lower local tax rate (see Hypothetical Adjusted Tax Rate above)which would produce the same amount of taxes for each taxing jurisdiction. In such a case, the total local tax ratewould decrease by 0.078% (see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that theRetained Captured Net Tax Capacity of the TIF District would generate is also shown above.Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions,then there is no impact on taxes levied or local tax rates. (1) Taxable net tax capacity = total net tax capacity - captured TIF - fiscal disparity contribution, if applicable. (2) The impact on these taxing jurisdictions is negligible since they represent only 1.94% of the total tax rate.