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May a county or municipality adjust the base valuation of a project development financing district once it is certified by the county tax assessor?

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May a county or municipality adjust the base valuation of a project development financing district once it is certified by the county tax assessor?

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Yes, the base valuation of a development financing district may be adjusted if property is added to or removed from the district pursuant to an amendment of the taxing unit’s development financing plan.

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