Annual Disclosure of Tax Increment Districts for the Year Ended
December 31, 2024
Name of TIF District: TIF 1 TIF 1-2
Current net tax capacity 11,575 10,978
Original net tax capacity 30 423
Captured net tax capacity 11,545 10,555
Principal and interest payments due in 2025 0 12,463
Tax increment received – 2024 8,380 5,473
Tax increment expended – 2024 12,326 0
First tax increment receipt June, 2001 June, 2019
Date of required decertification December 31, 2026 December 31, 2044
Increased property taxes to be paid from outside the district if fiscal disparities Option A applies
Juliann Frick, Deputy Clerk, City of Rushford
101 North Mill Street
Rushford, MN 55971
Phone: 507-864-2444
cityjef@acegroup.cc
Publish 8
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