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TAX INCREMENT HYPOTHETICAL <br /> <br />municipal boundary <br />project boundary <br /> <br />tax 'increment <br />district boundary <br /> <br />On July 1, 1982, tax incremen't district: <br /> <br /> '(B) <br /> ) , <br /> $25,000 , $25,000 I <br /> I <br /> <br /> I <br />',(c) , (D) <br /> $25,00'0 .'~ $25,000 ~ <br /> <br /> 1. ..I <br /> <br />On July 1, 1985, tax increment ~listrict: <br /> <br /> (certified) <br /> <br />total assessed value: <br /> <br />$100,000 <br /> <br /> T ~ <br />,(A) ,(B) , <br /> $30,000 I, $27,000 ~ <br /> <br />(C) I (D) ~ <br /> $22,000 I $300,000 ~ <br /> <br />(developed) <br />total ass'eased value = $379,000 <br />base a~sessed value = $100~000 <br />Captured assessed value = $279,000 <br /> <br />If 100 mill combined mill rate-(county, school district, special districts and <br />municipality): <br /> <br />.100 x $100,000 = $10,000 <br />.100 x $279,000 = $27~900 . <br /> $37,900 <br /> <br />base taxes <br />tax increment <br />total taxes <br /> <br /> <br />