The Value of TIF’s in Minnehaha County

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.



3 comments ↓

#1 Tom H. on 12.19.13 at 1:48 pm

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 12.19.13 at 8:00 pm

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 12.19.13 at 8:02 pm

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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