Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2024
|
Name of TIF District: |
TIF District 1-10 |
TIF District 1-13 |
TIF 1-15 |
TIF District 1-16 |
|
Current net tax capacity |
19,721 |
4,656 |
57,231 |
744 |
|
Original net tax capacity |
268 |
762 |
47,038 |
1,910 |
|
Captured net tax capacity |
19,453 |
3,894 |
10,193 |
0 |
|
Principal and interest payments due in 2025 |
0 |
2,287 |
66,490 |
747 |
|
Tax increment received – 2024 |
23,750 |
5,338 |
13,969 |
0 |
|
Tax increment expended – 2024 |
24,017 |
0 |
6,286 |
0 |
|
First tax increment receipt |
June, 2007 |
May, 2018 |
November, 2023 |
June, 2022 |
|
Date of required decertification |
December 31, 2032 |
December 31, 2044 |
December 31, 2031 |
December 31, 2047 |
|
Increased property taxes to be paid from outside the district if fiscal disparities Option A applies |
0 |
0 |
0 |
0 |
Ms. Deb Zimmer, Administrator
City of Spring Valley
201 South Broadway
Spring Valley, MN 55975
Phone: 507-346-7367
debzimmer@springvalley-mn.com