What are TIF Districts?
Tax Increment Financing (TIF) Districts are economic development tools that take advantage of increases in property value. TIFs are designed to promote redevelopment of struggling areas. When an area is experiencing declining property values, and the resulting drop in property tax revenue, they may institute a TIF. The TIF freezes the amount of tax revenue each taxing body (School District, Park District, etc) receives to that of the starting year of the TIF. The city will then make significant improvements in the TIF area. This could include street, utility, and streetscape repairs as well as land assembly for redevelopment. This is usually financed through bonds.

The improvements raise the property values, and therefore the property tax revenue, in the district. The taxing bodies however, still only receive the portion that was their share when the TIF began. The rest of the income is used to pay off the bonds and make other improvements in the district. TIF Districts are allowed to run for 23 years. After they run their course, the taxing bodies return to receiving their full share of the tax revenue.TIF Districts

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1. What aspects of the City Code is the Community Development Department responsible for enforcing?
2. What is zoning?
3. What is my property zoned? What regulations must I follow?
4. Is my property conforming or non-conforming? What does this mean?
5. I own a business and would like to display a temporary sign: do I need a permit?
6. What is annexation?
7. Is my property in the City of Batavia?
8. What are TIF Districts?
9. Is my property in a TIF District?