Tax Increment Financing (TIF)

  1. What is a TIF Area?
  2. What is the difference between a TIF Area and a TIF Tax District?
  3. How is a TIF Area created?
  4. What happens to the “base” taxes and the “increment” taxes?
  5. Who is the “TIF Authority”?
  6. How much of my taxes go to the city (or county) for debt for the TIF Area?
  7. Do all of the taxes on the increment value go to pay TIF debt?
  8. Are my taxes higher because my property is in a TIF Area?
  9. What qualifies to be paid from taxes on the increment value?
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