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.
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.
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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