Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 8 - TAX INCREMENT FINANCE
Rule 2 - Determination and Use of Tax Increment
Section 2-11 - Determination of captured assessments
Authority: IC 6-1.1-39; IC 36-7-14; IC 36-7-15.1
Affected: IC 6-1.1-39; IC 8-22-3.5; IC 36-7-14; IC 36-7-15.1
Sec. 11.
If pursuant to section 4 of this rule, it is determined that not all of the potential captured assessment is required in order to generate the needed tax increment, then there is a proportional decrease in the potential captured assessment individual components in order to determine the captured assessment individual components. Using the example from section 9 of this rule, if the redevelopment commission only uses twelve thousand dollars ($12,000) of assessed value instead of the entire amount of the potential captured assessment (eighteen thousand dollars ($18,000)), the captured assessment individual components are as follows:
| Proportion of AV Taxable by Redevelopment District | Uncaptured AV | Adjustment | Taxable by Taxing Units | Captured Assessment Individual Components | |
| Parcel #1 | ($ 5,000/$18,000) | $6,000 | = $1,666.7 | $16,666.7 | $ 3,333.3 |
| #3 | ($13,000/$18,000) | $6,000 | = $4,333.3 | $29,333.3 | $ 8,666.7 |
| $6,000 | $12,000 |
