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What is TIF? <br /> <br /> · Tax increment financing (or "TIF'~ is a tool <br /> which captures increases in assessed value <br /> from new development <br /> · Can capture increases in real property and, at <br /> times, depreciable personal property assessed <br /> value (equipment) <br /> · "Designated Taxpayer" <br /> <br /> · Inventory tax cannot be captured <br /> <br /> · Generally cannot capture increased assessed <br /> value resulting from residential property <br /> improvements <br /> <br /> Tax Increment Financing (TIF) <br /> Area <br /> <br /> Town, City or County = Redevelopment <br /> District <br /> <br />C <br /> <br /> I <br /> <br /> <br />