What is a Tax Increment Financing (TIF) District?

Tax Increment Financing (TIF) districts help municipal governments stimulate redevelopment in a designated area. Using this tool, the City can reimburse property owners for certain expenses using the property tax revenue that new development within the district generates. It is important to note that a TIF district is not an additional tax and does not impact zoning.

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1. What is a Tax Increment Financing (TIF) District?
2. How does the Tax Increment Finance (TIF) program work?
3. What are some of the approved costs for a private homeowner or developer?
4. Can the municipality also use the money generated in a TIF District?
5. What are the benefits of a TIF to the neighborhood?
6. Why did the City of Carbondale develop a residential TIF?
7. If my home or neighborhood becomes part of a TIF District, does this mean that businesses will be able to relocate there?
8. How can I find out if my property is within a TIF district?
9. What are the TIF Architectural Design Standards and how do they affect my project?