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4. City of New Brighton TIF District Summary 3. Fundamentals of Tax Increment Financing (TIF) 4. City of New Brighton TIF District Summary 14 Redevelopment also plays an important factor in future market value growth for communities. The following table demonstrates the historical market value growth of the City of New Brighton. Tax Payable YearTaxable Market ValuePercent Change from prior year2022 2,794,236,300 3.86%2021 2,690,464,500 7.97%2020 2,491,749,400 6.86%2019 2,331,776,400 9.03%2018 2,138,618,500 9.25%2017 1,957,574,500 7.37%2016 1,823,144,000 5.26%2015 1,732,108,600 6.02%2014 1,633,681,900 0.03%2013 1,633,150,100 -5.98%2012 1,737,100,500 -9.08%2011 1,910,547,900 -4.74%2010 2,005,697,200 -4.11%2009 2,091,744,100