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EXAMPLE

Business A owns an asset (personal property) worth $100,000, for which it has a credit enhancement

TIF of 50% from the municipality. Because the asset also qualiﬁ es for the BETR program, Business

A submitted an application for and receives a full reimbursement of property taxes paid on the as-

set. From the April 1, 2010 assessment, the property tax on the asset is $2,000. One half of the tax

($1,000) is due September 1, 2010 and the other half is due March 1, 2011. Business A completes

the BETR/TIF request for information worksheet as follows:

Enter the following information based on the April 1, 2010 property tax assessment.

$150,000

1. Total valuation of all property owned by the entity located within the TIF District ................. 1. $ _____________

2. Total captured assessed valuation (“CAV”) of all property owned by the entity located within a

TIF District.

$100,000

a. Total CAV of personal property ..............................................2a. $ _______________

b. Total CAV of real estate .........................................................2b. $ _______________

$100,000

c. Total CAV (line 2a plus line 2b) ...................................................................................... 2c. $ ______________

3. TIF Reimbursement: Reimbursement under a credit enhancement agreement for property

taxes paid on TIF property included in the valuation on line 1 (see example on back).

$1,000

a. Reimbursement for personal property ...................................3a. $ _______________

b. Reimbursement for real estate ..............................................3b. $ _______________

$1,000

c. Total reimbursement (line 3a plus line 3b) ..................................................................... 3c. $ ______________

NOTE: Do not ﬁ le this worksheet if line 3a is zero.

4. BETR Reimbursement: Amount on line 3c for which entity has applied, or is applying, for

reimbursement under the BETR program (see example on back).

$500

a. Amount claimed on the 2011 BETR Form 800 ......................4a. $ _______________

$500

b. Amount claimed on the 2012 BETR Form 800 ......................4b. $ _______________

$1,000

c. Total (line 4a plus line 4b) .............................................................................................. 4c. $ ______________

Questions? Call Maine Revenue Services at 207-287-2013 for TIF questions or 207-626-8475 for BETR questions.

NOTES:

This represents the full CAV for the asset.

$2,000 total tax multiplied by the 50% TIF reimbursement.

Of the $2,000 total BETR reimbursement, only $1,000 represents the amount that was also reimbursed under

the TIF arrangement. $500 of this amount was reimbursed through a request on the 2011 BETR Form 800

(for calendar year 2009 payments) and the other $500 was reimbursed through a request on the 2012 BETR

Form 800 (2011 payments).

Form Ptf6664 - Request For Information: Betr Applicants Who Receive Tif Credit Enhancement Reimbursements Page 2