Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2024
|
Name of TIF District: |
TIF District 7 |
TIF District 8 |
TIF District 9 |
|
Current net tax capacity |
29,260 |
0 |
16,355 |
|
Original net tax capacity |
3,371 |
0 |
1,935 |
|
Captured net tax capacity |
25,889 |
0 |
14,420 |
|
Principal and interest payments due in 2025 |
37,638 |
0 |
14,221 |
|
Tax increment received – 2024 |
33,160 |
16,918 |
18,206 |
|
Tax increment expended – 2024 |
30,124 |
16,918 |
19,012 |
|
First tax increment receipt |
June, 2016 |
June, 2016 |
June, 2018 |
|
Date of required decertification |
12/31/2041 |
12/31/2024 |
12/31/2043 |
|
Increased property taxes to be paid from outside the district if fiscal disparities Option A applies |
0 |
0 |
0 |
Additional information regarding each district may be obtained from:
Ryan Throckmorton, City Administrator
PO Box 657
Preston, MN 55965
Phone: 507-765-2153
rthrockmorton@prestonmn.gov
Publish 9
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