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Tax Increment Financing (TIF) is a public financing method used to fund public and private projects. It is used to encourage economic development by capturing the increased value of a property due to the project. TIF works by freezing the assessed value of a property at the time of the project's approval. Any increase in the property's value due to the project is then used to pay for the project's costs. This increase in value is known as the tax increment.
TIF is used to fund a variety of projects, including infrastructure, public facilities, and private development. It is often used to fund projects in areas that are in need of economic development. TIF is also used to fund projects that would not be feasible without public financing.
Some companies in the Tax Increment market include Tax Increment Financing Advisors, Tax Increment Financing Solutions, and Tax Increment Financing Strategies. These companies provide consulting services to help governments and businesses develop and implement TIF projects. They also provide financial analysis and advice to ensure that TIF projects are successful. Show Less Read more
