TIF Revenue Increment
Calculate captured tax-increment revenue from caller-supplied values and rates.
Description
Tax-increment financing assigns a share of modeled revenue from assessed-value growth.
Tax-increment financing assigns a share of modeled revenue from assessed-value growth. Only value above the supplied base contributes to this estimate.1
Calculate captured tax-increment revenue from caller-supplied values and rates.
When to use TIF Revenue Increment
Use this tool to calculate captured tax-increment revenue from caller-supplied values and rates.
Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
How to use TIF Revenue Increment and understand its results
- Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
- Enter currentAssessedValue, baseAssessedValue, taxRatePercent, capturePercent using the field table and calculation rules, then run the tool.
- Read assessedValueIncrement, grossIncrementalRevenue, capturedTifRevenue. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| currentAssessedValue | Current assessed value | number; minimum: 0 | Required |
| baseAssessedValue | Base assessed value | number; minimum: 0 | Required |
| taxRatePercent | Applicable tax rate (%) | number; minimum: 0 | Required |
| capturePercent | Increment capture rate (%) | number; minimum: 0; maximum: 100 | Required |
Enter nonnegative base/current values and tax rate, with capture percentage in 0–100. Return value increment, gross incremental revenue and captured revenue.
increment=max(0,current−base); captured=increment×rate/100×capturePercent/100 Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| assessedValueIncrement | Assessed-value increment | number; minimum: 0 |
| grossIncrementalRevenue | Gross incremental revenue | number; minimum: 0 |
| capturedTifRevenue | Captured TIF revenue | number; minimum: 0 |
{
"input": {
"currentAssessedValue": 150000,
"baseAssessedValue": 100000,
"taxRatePercent": 2,
"capturePercent": 80
},
"output": {
"assessedValueIncrement": 50000,
"grossIncrementalRevenue": 1000,
"capturedTifRevenue": 800
}
}Limitations and assumptions
This does not value property, verify a district agreement or model collection losses, reassessments and debt service.
Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use PILOT Savings: Compare a PILOT payment and costs with standard property tax. For a complementary task, use Assessment Comparable Score: Weight comparable assessments by caller-assigned similarity and measure the subject variance.
References
-
TIF Revenue Increment — tool.io
Similar or alternative tools
- PILOT Savings
Compare a PILOT payment and costs with standard property tax.
- Assessment Comparable Score
Weight comparable assessments by caller-assigned similarity and measure the subject variance.