Page 225 - 2018 Village Ordinance Book 122818
P. 225
SECTION 6:
Equalized Value Test
The following calculations demonstrate that the Village is in compliance with Wisconsin Statutes Section
66.1105(4)(gm)4.c., which requires that the equalized value of the Territory to be added to the District,
plus the value increment of the District being amended, plus the value increment of all other existing tax
incremental districts, does not exceed 12% of the total equalized value of taxable property within the
Village.
The equalized value of the Territory to be incorporated by this Amendment, plus the increment value of
TID No. 4, plus the value increment of all other existing tax incremental districts within the Village, totals
$6,008,524. This value is less than the maximum of $67,306,560 in equalized value that is permitted for
the Village of Sturtevant. The Village is therefore in compliance with the statutory equalized valuation
test and may proceed with amendment of this District.
Village of Sturtevant, WI
Tax Increment District #4
Valuation Test Compliance Calculation
District Creation Date 9/6/2016
Total EV (TID In) Valuation Data
Currently Available
2017
560,888,000
12% Test 67,306,560
Increment of Existing TIDs 4,386,400
TID #4
Total Existing Increment 4,386,400
Projected Base of New or Amended District 1,622,124
Total Value Subject to 12% Test 6,008,524
Compliance PASS
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Project Plan TID No. 4 Territory & Project Plan Amendment Village of Sturtevant
June 5, 2018
Submitted by Ehlers Page 12
