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payable in 1992. This amount may decrease after 1992 (assuming no inflationary <br />increases in tax capacity) due to reductions in property tax class rates. <br /> <br /> The composite tax capacity rate for the affected property is 92.944% in <br />1990. Of the total tax capacity rate, 15.193% is lev}ed by the City of Ramsey, <br />28.846% by Anoka County, 47.893% by Independent School District No. 11, and <br />1.012% by other taxing jurisdictions. <br /> <br /> Applying each taxing ]urisdiction's percentage of the total tax capacity rate <br />to the projected increment reveals the annual "loss" of tax dollars by each <br />jurisdiction if the project had occurred without TIF. Although the City believes <br />the actual impact on other taxing jurisdictions is zero because the development <br />would not have occurred without public intervention, the assumed amount of tax <br />dollars foregone by each jurisdiction is listed in Table I below. <br /> <br />TABLE I <br /> <br />Percent of Tax Increment Attributable <br />to Various Taxing Jurisdictions <br /> <br />Taxing Tax Capacity Percent of Estimated <br />Jurisdiction Rate {TCR) Total TCR Tax Loss <br /> <br />City of Ramsey 15.193 16.35% $ 8,627.57 <br />Anoka County 28.846 31.04% 16,379.19 <br />Independent <br />School Dist. <br />No. 11 47.893 51.53% 27,191.35 <br />Other 1.012 1.08 569.89 <br /> <br />TOTAL 92.944 100.00% $52,768.00 <br /> <br /> Table II, below, shows the additional tax capacity rate needed to <br />compensate each taxing jurisdiction for "lost" tax dollars. The increased tax <br />capacity created within TIF District No. 2 will eventually permit a tax capacity <br />rate decrease. Nevertheless, assuming that increment generated during the TIF <br />District's life is lost to other taxing jurisdictions, Table II shows how much the tax <br />capacity rate for property outside the TIF District would have to be increased to <br />raise the same number of tax dollars. <br /> <br />TABLE II <br /> <br />Hypothetical Tax Capacity Rate <br />Increase, by Taxing Jurisdiction <br /> <br />Taxing 1990 (Payable) Estimated TCR Increase <br />Jurisdiction Tax Capacity Tax Loss Required <br /> <br />City of Ramsey $6,222,143 $ 8,627.57 .139 <br />Anoka County 145,420,650 16,379.19 .011 <br />Independent <br />School Dist. <br />No. 11 88,841,559 27,191.35 .031 <br /> <br />12 <br /> <br /> <br />