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Finding Lost Revenues for TIF Finding Lost Revenues for TIF DistrictsDistricts
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Goal of the ProjectGoal of the ProjectDetermine Current Monies Being
ReceivedResearch Properties with Correct TIF
IndicationsFind additional Properties Within TIF
Boundaries Not Recorded CorrectlyCheck Values of Non-Recorded
Properties and Have them Recorded Properly
Develop a Plan to Properly Record Future Properties Correctly
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Current Monies Being Current Monies Being CollectedCollectedWorked with county auditor office
to see monies being brought in.Roughly $450,000 brought in
before project annually
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Research of TIF PropertiesResearch of TIF PropertiesChecked 2 years of tax records to
verify what properties were being recorded.
Mapped out the current properties that were being recorded by the county office as being in a TIF district.
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Find Properties Not Find Properties Not RecordedRecordedCompared the last 2 tax years to
verify properties not recorded.Mapped out properties that were
within the TIF borders but not recorded as such.
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Analyzing the ResultsAnalyzing the ResultsCreated individual area maps
showing properties that were in question.
Gathered data on each property to see the amount of tax money that was being brought in and how it was dispersed.
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Business DistrictsBusiness Districts
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Residential AreasResidential Areas
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What did the Maps Show What did the Maps Show us?us?
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What did the Maps Show What did the Maps Show us?us?
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SolutionsSolutionsDivided City up into 24 sectionsCreated Individual maps on each
area to highlight propertiesCreated detailed excel database to
show all taxing information from the auditor office for the study
Provided auditor office with our reports to show properties along with property ID numbers to be recorded.
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SolutionsSolutionsNew parcel splits are to be
handled by Planning DepartmentGIS Department is to monitor
current parcels to make sure they are recorded properly.
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Results of the Study?Results of the Study?Found an excess of 580
properties that were excluded from TIF districts
Properties were categorized correctly from here forward
TIF fund went from roughly $450,000 a year
To now over $2.4 Million per year
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Questions?Questions?Dan NikschDan Niksch
City of Crown PointCity of Crown PointGIS CoordinatorGIS Coordinator