Financing procedure utilized by many local governments for redevelopment and improvement projects on existing structures. The cost of the improvements is assessed to future tax revenues by each taxing unit that levies taxes against the property. The taxing unit at the local level is responsible for determining how much of the increase in property tax due to the improvements will be used to repay the construction costs. The property that is seeking to use tax increment financing must be located with the city's jurisdiction.

Related information about tax increment financing:

1. Tax increment financing - Wikipedia, the free encyclopedia
   Tax increment financing, or TIF, is a public financing method that is used for subsidizing redevelopment, infrastructure, and other community-improvement ...
    
2. How Tax Increment Financing (TIF) Works - Denver Urban Renewal ...
   How Tax Increment Financing (TIF) Works. When DURA partners with a private developer and provides assistance to help finance redevelopment of a blighted ...
    
3. Tax Increment Financing (TIF) - State of Indiana
   Tax Increment Financing (TIF) enables local economic development officials to ... majority of TIF districts in Indiana incur debt, many communities have used any ...
    
4. Tax Increment Financing
   Tax Increment Financing: A Tool for Local Economic Development Richard F. Dye and David F. Merriman Tax increment financing (TIF) is an alluring tool that ...
    
5. Tax Increment Financing - Minnesota House of Representatives
   Tax increment financing (TIF) uses the increased property taxes that a new real estate development generates to finance costs of the development. In. Minnesota ...
    
6. City of Chicago :: Tax Increment Financing (TIF)
   Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote improvements in specific sections of the city.
    
7. Tax Increment Financing: A Bad Bargain for Taxpayers
   Tax increment financing is a practice which allows new commercial projects to go tax free for 20 or 30 years. Beware: it has hidden costs.
    
8. tax increment financing (TIF) - National Association of Realtors
   Since the first TIF law passed in California in 1952, tax increment financing (TIF) .... Tax increment financing policies are implemented through the creation of ...