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I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> i <br /> ! <br /> I <br /> I <br />! <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />TAX INCREMENT HYPOTHETICAL <br /> <br />municipal boundary <br />project boundary <br /> <br />tax 'increment <br />district boundary <br /> <br />On July 1, 1982, tax incremer/t district: <br /> <br />,(A) ' (B) <br />t $25,000 , $25,000 I <br /> <br /> ! <br />',(C) , (D) , <br />, $25,000 ' <br />~ $25,000 ~ <br /> <br />t £ ~ <br /> <br />On July 1, 1985, tax increment district: <br /> <br /> (certified) <br /> <br />total assessed value: <br /> <br />$100,000 <br /> <br />r T "1 <br />,(A) , (]~) <br />' $30,000 [, $27,ooo ~ <br /> <br /> I(D) <br /> $22,000 ' <br /> ~ $300,000 ~ <br /> <br />u j J <br /> <br />(developed) <br />total assessed value = $379,000 <br />base assessed 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 />