50 IAC 8-2-11 Determination of captured assessments

Sec. 11. If pursuant to section 4 of this rule, it is determined that not all of the potential captured assessment is required in order to generate the needed tax increment, then there is a proportional decrease in the potential captured assessment individual components in order to determine the captured assessment individual components. Using the example from section 9 of this rule, if the redevelopment commission only uses twelve thousand dollars ($12,000) of assessed value instead of the entire amount of the potential captured assessment (eighteen thousand dollars ($18,000)), the captured assessment individual components are as follows: Proportion of AV Taxable by Redevelopment District Uncaptured AV Adjustment Taxable by Taxing Units Captured Assessment Individual Components Parcel #1 ($ 5,000/$18,000) × $6,000 = $1,666.7 $16,666.7 $ 3,333.3 #3 ($13,000/$18,000) × $6,000 = $4,333.3 $29,333.3 $ 8,666.7 $6,000 $12,000