The Value of TIF’s in Minnehaha County

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Commissioner Jeff Barth sent this information to me from the county’s equalization office;

The combined worth of TIF’s in Minnehaha County is $91,326,856.  Of this number the base value (Number that is taxed and distributed to all entities) of $28,861,936 is subtracted from the total leaving $62,464,928 that is considered increment value and is taxed and used to pay off the Increment Districts.  I can show you individual projects if needed.  TIF’s are in the County, Sioux Falls City, Brandon City and Dell Rapids City.

Posted in: Brandon, Minnehaha County, Property Taxes, Sioux Falls, Taxes

3 Thoughts on “The Value of TIF’s in Minnehaha County”

  1. Tom H. on December 19, 2013 at 1:48 pm said:

    It’s still strange to me that the County and the School Districts had no say whatsoever in being robbed of over $62M in tax base. How can that be legal?

  2. pathloss on December 19, 2013 at 8:00 pm said:

    The county needs more tax partition. The area economy is just about best but there’s lots of homeless & working poor. Money Huether gives for developer landscaping must be redirected into the county for social services.

  3. Detroit Lewis on December 19, 2013 at 8:02 pm said:

    Tom, has to do with state law, I believe.

    I’m curious how much revenue the sharing entities are missing out on?

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