City of Pipestone Annual Disclosure Tax Increment Districts


CITY OF PIPESTONE

ANNUAL DISCLOSURE

TAX INCREMENT DISTRICTS

YEAR ENDING

DECEMBER 31, 2021

Current Net Tax Capacity,  44,696 (District #12),  21,075 (District #13)

Original Net Tax Capacity,  621,  5,112

Captured Net Tax Capacity,  44,075,  15,963

Principal & Interest due in 2022,  0,  0

Tax increment received in 2021,  62,820,  21,261

Tax increment expended in 2021,  118,660,  40,500

Month and year of first tax increment receipt,  June 2013,  June 2020

Date of required decertification 12/31/21,  12/31/45

Additional information regarding each district may be obtained from: Jeffrey R. Jones, 119 2nd Avenue S.W., Pipestone, MN 56164, 507-825-3324 jrjones@cityofpipestone.com