Used originally to promote development in blighted areas, TIFs are increasingly being used by towns as a method to protect their share of state aid.
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Put an addition on your house, and the town assessor will come around, increase the value of your house and your property taxes will go up. Get a TIF, and you, too, have to pay taxes on that new warehouse or factory – but the taxes don’t help pay for the schools, plowing and cops.
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