Matters ▸ Attachment
TM_TIF_Overview — File 25-1606
4
TIF on some % of
added value
Mass. Office of Business Development
10 Years
Assessed Value ($)
2
10
0
4
6
8
TIF Breakdown for TransMedics
Taxes on the Base Value over 10 years
10 Years
Assessed Value ($)
2
10
0
4
6
8
TIF Breakdown for TransMedics
Taxes on the Base Value over 10 years
10 Years
Assessed Value ($)
2
10
0
4
6
8
3%
background growth
TIF Breakdown for TransMedics
Taxes on the Base Value over 10 years
= $51.28M
10 Years
Assessed Value ($)
2
10
0
4
6
8
TIF Breakdown for TransMedics
Taxes on the Base Value over 10 years =
$51.28M
10 Years
Assessed Value ($)
2
10
0
4
6
8
3%
background growth
$200M
TIF Breakdown for TransMedics
Estimated Added
Value to the
Property is
$175M - $225M
(TIF Model
utilizes $200M)
Taxes on the Base Value over 10 years
= $51.28M
Taxes on the Base Value over 10 years =
$51.28M
10 Years
Assessed Value ($)
2
10
0
4
6
8
3%
background growth
$200M
Taxes Generated in 10 years
Without TIF = $41.28M
TIF Breakdown for TransMedics
Taxes on the Base Value over 10 years
= $51.28M
Tenant
Fit Out
represents
45% of the
total taxes
generated
Taxes on the Base Value over 10 years = $44.8M
10 Years
Assessed Value ($)
2
10
0
4
6
8
3%
background growth
$200M
Taxes Generated in 10 years
= $23.28M
TIF Breakdown for TransMedics
Taxes on the Base Value over 10 years
= $51.28M
Total
Revenue
over 10
years is
$74.56M
Taxes on the Base Value over 10 years = $44.8M
10 Years
Assessed Value ($)
2
10
0
4
6
8
3%
background growth
$200M
TIF Breakdown for TransMedics
12+
Taxes Paid
on Full
Assessed
Value
= $11M+
annually
Taxes Generated in 10 years
= $23.28M
Taxes on the Base Value over 10 years
= $51.28M
TIF 10 Year Exemption Percentages
Year
Fiscal Year
Exemption
%
Est. Taxes
Collected
Est.
TIF Value
1
2027
1%
$6,456,613
$20,034
2
2028
1%
$8,434,636
$38,658
3
2029
85%
$5,342,984
$3,384,509
4
2030
85%
$5,503,273
$3,486,044
5
2031
75%
$6,090,798
$3,168,199
6
2032
75%
$6,273,522
$3,263,245
7
2033
55%
$7,358,032
$2,464,838
8
2034
45%
$8,040,370
$2,077,186
9
2035
1%
$10,373,538
$47,544
10
2036
1%
$10,684,745
$48,971
$74,558,512
$17,999,228
TIF 10 Year Exemption Percentages
Year
Fiscal Year
Exemption
%
Est. Taxes
Collected
Est.
TIF Value
1
2027
1%
$6,456,613
$20,034
2
2028
1%
$8,434,636
$38,658
3
2029
85%
$5,342,984
$3,384,509
4
2030
85%
$5,503,273
$3,486,044
5
2031
75%
$6,090,798
$3,168,199
6
2032
75%
$6,273,522
$3,263,245
7
2033
55%
$7,358,032
$2,464,838
8
2034
45%
$8,040,370
$2,077,186
9
2035
1%
$10,373,538
$47,544
10
2036
1%
$10,684,745
$48,971
$74,558,512
$17,999,228
$18,000,000
Taxes on the Base Value over 10 years
= $51.28M
10 Years
Assessed Value ($)
2
10
0
4
6
8
$200M
Opportunity Cost
12+
Taxes Paid
on Full
Assessed
Value
Taxes
Generated in
10 years
Opportunity
Cost
10 Years
Assessed Value ($)
2
10
0
4
6
8
Opportunity Cost
12+
Taxes Paid
on Full
Assessed
Value
Opportunity
Cost
Taxes on the Base Value over 10 years
= $51.28M
10 Years
Assessed Value ($)
2
10
0
4
6
8
Opportunity Cost
12+
Taxes Paid
on Full
Assessed
Value
Opportunity
Cost
There is also a concern that tax revenue on the
Base Value decreases while empty rather than
3% background growth