Details for 2023 TIF Disclosure
CITY OF HILLTOP 2023 ANNUAL DISCLOSURE STATEMENT Name of TIF Authority: Hilltop Name of Municipality: Hilltop The following information represents the annual disclosure of tax increment districts for the year ended December 31, 2023. * The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a tax increase for other properties in the municipality depending on whether the tax increment financing district contributes its share of the growth. Amounts displayed here indicate that the district did not contribute its growth in commercial-industrial property tax values and represent the resulting increase in taxes on other properties in the City for taxes payable in 2022. Additional information regarding this district may be obtained from: Ruth Nelsen rnelsen@hilltop.govoffice.com 4555 Jackson St NE, Hilltop, MN 55421 (763)571-2023 Published in The Life August 9, 2024 1412976
CITY OF HILLTOP 2023 ANNUAL DISCLOSURE STATEMENT Name of TIF Authority: Hilltop Name of Municipality: Hilltop The following information represents the annual disclosure of tax increment districts for the year ended December 31, 2023. * The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a tax increase for other properties in the municipality depending on whether the tax increment financing district contributes its share of the growth. Amounts displayed here indicate that the district did not contribute its growth in commercial-industrial property tax values and represent the resulting increase in taxes on other properties in the City for taxes payable in 2022. Additional information regarding this district may be obtained from: Ruth Nelsen rnelsen@hilltop.govoffice.com 4555 Jackson St NE, Hilltop, MN 55421 (763)571-2023 Published in The Life August 9, 2024 1412976
