What is Tax Increment Financing?

Tax Increment Financing is a tool available to cities and counties for redevelopment activities. The money is paid into a Community Redevelopment Trust Fund by taxing authorities within the area by ad valorem taxes levied each year over the amount of ad valorem taxes levied by the referenced taxing authority in the base year.

Show All Answers

1. What is Tax Increment Financing?
2. What is a Community Redevelopment Agency?
3. What is a Community Redevelopment Area?