What is "Tax Increment Financing?"
A municipal development program enabling a city to use the additional property taxes that a proposed development project would generate to finance land acquisition, demolition and other costs necessary for that development to occur. Usually the issuance of a bond is necessary to finance these up front costs. Bonds are repaid by the extra taxes that are generated by the new development and construction. The taxed captured to repay the bonds come from all the taxing districts that normally levy a tax on the property. Properties with the same market value, class and area will pay the same tax even if one is in a tax increment district and the other is not.

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1. Where can I find an online tax statement to print off for my use?
2. When are my property taxes due?
3. What locations will take my property tax payment?
4. Is there a grace period for paying my property taxes?
5. If I pay my property taxes late, is there a penalty?
6. What is "Tax Capacity Value?"
7. What is "Tax Capacity Rate?"
8. What is a "Truth in Taxation Notice" (TNT)?
9. What happens at the Truth in Taxation meetings?
10. My school district held a referendum at the November general election. If it passed, is the increase reflected on this Truth in Taxation Notice?
11. What factors affect my property taxes?
12. Who determines my property tax?
13. Does increasing property value always increase my taxes?
14. What is "Fiscal Disparities?"
15. What is "Tax Increment Financing?"
16. Why do I have to pay late fees if I didn’t receive my tax statement?
17. What are the waste management fees?