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RDA Incremental Assessed Value <br />Annual Property Tax on Tax Increment (1 %) <br />Less: Pass - Through Payments Owed <br />Less: Enforceable Obligations <br />Less: Administrative Allowance <br />Property Tax Available for Redistribution <br />Estimated New General Fund Property Tax <br />(12% of Redistributed Property Tax) <br />$ 1 ,55 0 , 000 , 000 <br />$15,500,000 <br />(3,900,000) <br />(5,100,000) <br />(2 <br />66,250,000 <br />$760,000 <br />