Do property owners in the TIFA pay more in taxes than property owners outside the TIFA?

No. Property owners in the TIFA are assessed and taxed in the same manner and at the same tax rates as any other property owner in the City. The difference is where the property tax revenues go (i.e. to the TIFA or the different taxing units) not how much is paid by the property owner.

Show All Answers

1. What is the TIFA?
2. What does the TIFA Do?
3. How does the TIFA pay for its activities?
4. What is tax increment financing?
5. Can the TIFA levy taxes on property?
6. Do property owners in the TIFA pay more in taxes than property owners outside the TIFA?
7. Is the TIFA totally independent from the City?
8. Do other communities use TIFAs? What types of projects have been paid for by TIFAs?