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9/12/2013 <br />Building Blocks of TIF <br />TIF District "captures" increased value from new development <br />Development occurs = New Tax Capacity <br />Original Tax Capacity <br />TIF = <br />Capture( <br />Capacity x Local <br />Tax Rate <br />EHLERS <br />Property Taxes Distribution <br />State <br />24° <br />Where Commercial Tax Dollars Go: <br />acnooi ivi v <br />4% <br />County <br />112/° <br />/o <br />rSchool TC <br />23% <br />City <br />23% <br />Other <br />2% <br />4 <br />