TIF (Tax Increment Financing)
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TIF (Tax Increment Financing)

By | November 4, 2018

A financial tool used by local government to promote economic development in a designated, underdeveloped area, or area whose appeal would not increase without aid from a public subsidy. A TIF district earmarks increases in future property tax revenues that result from increases in real estate values in the district. The tax revenue can be used for public infrastructure or to compensate private developers for their investments. Lincoln Institute of Land Policy