Finding Lost Revenues for TIF Finding Lost Revenues for TIF DistrictsDistricts

Goal of the ProjectGoal of the ProjectDetermine Current Monies Being

ReceivedResearch Properties with Correct TIF

IndicationsFind additional Properties Within TIF

Boundaries Not Recorded CorrectlyCheck Values of Non-Recorded

Properties and Have them Recorded Properly

Develop a Plan to Properly Record Future Properties Correctly

Current Monies Being Current Monies Being CollectedCollectedWorked with county auditor office

to see monies being brought in.Roughly $450,000 brought in

before project annually

Research of TIF PropertiesResearch of TIF PropertiesChecked 2 years of tax records to

verify what properties were being recorded.

Mapped out the current properties that were being recorded by the county office as being in a TIF district.

Find Properties Not Find Properties Not RecordedRecordedCompared the last 2 tax years to

verify properties not recorded.Mapped out properties that were

within the TIF borders but not recorded as such.

Analyzing the ResultsAnalyzing the ResultsCreated individual area maps

showing properties that were in question.

Gathered data on each property to see the amount of tax money that was being brought in and how it was dispersed.

Business DistrictsBusiness Districts

Residential AreasResidential Areas

What did the Maps Show What did the Maps Show us?us?

What did the Maps Show What did the Maps Show us?us?

SolutionsSolutionsDivided City up into 24 sectionsCreated Individual maps on each

area to highlight propertiesCreated detailed excel database to

show all taxing information from the auditor office for the study

Provided auditor office with our reports to show properties along with property ID numbers to be recorded.

SolutionsSolutionsNew parcel splits are to be

handled by Planning DepartmentGIS Department is to monitor

current parcels to make sure they are recorded properly.

Results of the Study?Results of the Study?Found an excess of 580

properties that were excluded from TIF districts

Properties were categorized correctly from here forward

TIF fund went from roughly $450,000 a year

To now over $2.4 Million per year

Questions?Questions?Dan NikschDan Niksch

City of Crown PointCity of Crown PointGIS CoordinatorGIS Coordinator

dniksch@crownpoint.in.gov219-662-3242219-662-3242