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Exhibit IV <br />Estimated Impact on Other Taxing Jurisdictions Report <br />City of Elk River, Minnesota <br />Tax Increment Financing (Housing) District No. 28 <br />Jackson Hills Phase 2 Housing <br />Draft TIF Plan Exhibits: Based on 44 Units Valued at $6.3M <br />Without <br />Project or TIF District With Project and TIF District <br />Projected <br />Hypothetical <br />2020/2021 2020/2021 Retained New Hypothetical Hypothetical <br />Tax Generated <br />Taxable 2020/2021 Taxable Captured Taxable Adjusted Decrease In <br />by Retained <br />Taxing <br />Net Tax Local Net Tax Net Tax Net Tax Local Local <br />Captured <br />Jurisdiction <br />Capacity (1) Tax Rate Capacity (1) + Capacity = Capacity Tax Rate (*) Tax Rate (*) <br />N.T.C. (*) <br />City of Elk River <br />29,409,713 44.556% 29,409,713 $88,505 29,498,218 44.422% 0.134% <br />39,316 <br />Sherburne County <br />114,209,977 45.835% 114,209,977 88,505 114,298,482 45.800% 0.035% <br />40,535 <br />ISD 728 <br />44,486,959 31.717% 44,486,959 88,505 44,575,464 31.654% 0.063% <br />28,015 <br />Other (2) <br />--- 2.328% --- 88,505 --- 2.328% --- <br />--- <br />Totals <br />124.436% 124.204% 0.232% <br />* Statement 1: <br />If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of <br />the taxing jurisdictions above, the result would be a lower local tax rate (see Hypothetical Adjusted Tax Rate above) <br />which would produce the same amount of taxes for each taxing jurisdiction. In such a case, the total local tax rate <br />would decrease by 0.232% (see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that the <br />Retained Captured Net Tax Capacity of the TIF District would generate is also shown above. <br />Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions, <br />then there is no impact on taxes levied or local tax rates. <br />(1) Taxable net tax capacity = total net tax capacity - captured TIF - fiscal disparity contribution, if applicable. <br />(2) The impact on these taxing jurisdictions has not been calculated. They represent 1.87% of the total tax rate. <br />Baker Tilly Municipal Advisors, LLC Page 16 <br />