Tax Increment Financing (TIF) Districts

Category: Local Incentives

A Tax Increment Financing (TIF) district is an area where increased property tax revenue from new development in previously specified area is reinvested to fund improvements and support economic growth. 

This additional tax revenue may used for infrastructure, public services, and other projects for the improvement and/or enhancement in that specified TIF area.

This option may be explored by a project and the appropriate jurisdictions in lieu of traditional tax abatements.