Tax Increment Financing

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Decoding Tax Increment Financing (TIF)

Nov 15, 2023 | Chad Miller, CMI
Certified Tax Representative

Tax increment financing (TIF) is a tool used to fund economic development by capturing future increases in property tax dollars generated from new industrial, commercial, or even residential development. This increase in property tax dollars is the incremental increase in assessed value that is typically determined by an assessor once the construction of the improvements … Continue reading Decoding Tax Increment Financing (TIF)

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