City of Baudette Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2023

Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2023TIF District Name/NumberTIF 1 Current net tax capacity6,202 Original net tax capacity759 Captured net tax capacity5,443 Principal and interest payments due in 20243,679 Tax increment received in 20236,020 Tax increment expended in 20231,379 Month and year of first tax increment receiptJune, 2016Date of required decertificationDecember 31, 2036Increased property tax imposed on other properties as a result of fiscal disparities contribution0Additional information regarding each district may be obtained from: Tina Rennemo, Clerk-TreasurerCity of Baudette106 Main Street WestBaudette, MN 56623Phone: 218-634-1850tinar@ci.baudette.mn.usCITY OF BAUDETTE, MN