Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2023
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Name of TIF District: Current net tax capacity Original net tax capacity Captured net tax capacity Principal and interest payments due in 2024 Tax increment received – 2023 Tax increment expended – 2023 First tax increment receipt Date of required decertification Increased property taxes to be paid from outside the district if fiscal disparities Option A applies |
TIF District 1-10 17,130 272 16,858
0 20,852 32,847 June, 2007 December 31, 2032 0 |
TIF District 1-12 0 0 0 0 0 0 June, 2014 December 31, 2022 0 |
TIF District 1-13 4,678 762 3,916 2,768 4,982 700 May, 2018 December 31, 2044 0 |
TIF 1-15 44,149
47,038 0 66,667 0 700
November,2023 December 31, 2031 0 |
TIF District 1-16 689 1,910 0 789 0 700
June, 2022 December 31, 2047 0 |
Ms. Deb Zimmer, Administrator
City of Spring Valley
201 South Broadway
Spring Valley, MN 55975
Phone: 507-346-7367
debzimmer@springvalley-mn.com
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