2013 TIF

City of East Bethel
Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2013
TIF District Name: TIF 1-1
Current net tax capacity
Original net tax capacity
Captured net tax capacity 0
Principal and interest payments due during current year 0
Tax increment received 0
Tax increment expended 1,167
Month and year of first tax increment receipt Jul-14
Date of required decertification 12/31/2022
Increased property tax imposed on other
properties as a result of fiscal disparities contribution * 0 **
* The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a tax increase for other properties in the municipality or result in a decrease in tax increment financing district revenue depending on how the tax increment financing district is established.
** The districts noted by ** above do not share growth in commercial-industrial property tax values. This results in an increase in property taxes for other properties located in that municipality. For taxes payable in 2013, this increase in taxes on other properties amounted to the values listed above.
Additional information regarding each district may be obtained from: Mike Jeziorski, Finance Director
2241 221st Ave NE East Bethel, MN 55011
(763) 367-7840
mike.jeziorski@ci.east-bethel.mn.us
Published in the Anoka County UnionHerald August 1, 2014 255799

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