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Finding Lost Revenues for TIF Districts. Goal of the Project Determine Current Monies Being Received Research Properties with Correct TIF Indications.

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Presentation on theme: "Finding Lost Revenues for TIF Districts. Goal of the Project Determine Current Monies Being Received Research Properties with Correct TIF Indications."— Presentation transcript:

1 Finding Lost Revenues for TIF Districts

2 Goal of the Project Determine Current Monies Being Received Research Properties with Correct TIF Indications Find additional Properties Within TIF Boundaries Not Recorded Correctly Check Values of Non-Recorded Properties and Have them Recorded Properly Develop a Plan to Properly Record Future Properties Correctly

3 Current Monies Being Collected Worked with county auditor office to see monies being brought in. Roughly $450,000 brought in before project annually

4 Research of TIF Properties Checked 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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6 Find Properties Not Recorded Compared 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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8 Analyzing the Results Created 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.

9 Business Districts

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11 Residential Areas

12 What did the Maps Show us?

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14 Solutions Divided City up into 24 sections Created Individual maps on each area to highlight properties Created 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.

15 Solutions New parcel splits are to be handled by Planning Department GIS Department is to monitor current parcels to make sure they are recorded properly.

16 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

17 Questions? Dan Niksch City of Crown Point GIS Coordinator dniksch@crownpoint.in.gov 219-662-3242 dniksch@crownpoint.in.gov


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