TIF Excess Calculation and Distribution

Navigate:Tax > Levy Management > SRS Levy Management Reports > TIF Excess Calculation and Distribution > Enter Report Parameters

NOTE: TIF excess is used in Minnesota only.

This report lists the excess TIF taxes attributable to tax rate increases over the base tax year rates broken down by county, city, and school taxes.

IMPORTANT: The following setups and processes must occur before TIF calculation:

Create a fund with a fund category of TifExcess in Tax Funds setup.
Associate the fund with the School, City, and County tax authorities for the TAG for the current year in Tax Authorities setup.
For each authority, add one TAF rate for this fund on the Set Up Tax Authority Fund Rates screen using a rate value type of LNTC.
Associate tax authority groups with TIF districts in TIF Districts setup for the current year and base tax year (TIF base year + 1).
Set up tax authority fund rates for the current year and base tax year.
A rate change must have occurred between the current year and base tax year for any TIF excess calculations.
Process the tax roll to calculate taxes for the current year on TAGs associated with the TIF district in primary tax calculation to produce the TIFCAPINCRNTC value type and to calculate TIF excess.

Select the Tax year for which to report TIF excess.
Select the Tax roll.
Select theTIF district.
Select theTAG.
Select theTax Authority to include in the report.
Click View Report to generate the report in a separate browser window, or click Submit to Batch to open the Monitor Batch Processes screen on which you can view the progress of the report. When completed, click the report in the grid to open the View Batch Process Details screen, and click the report to open it. Click Close to close the batch screens and return to this screen.