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Tax Increment Financing

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Tax Increment Financing is an economic development mechanism available to local governments in Ohio to finance public infrastructure improvements and, in certain circumstances, residential rehabilitation. A TIF works by locking in the taxable worth of real property at the value it holds at the time the authorizing legislation was approved. Payments derived from the increased assessed value of any improvement to real property beyond that amount are directed towards a separate fund to finance the construction of public infrastructure defined within the TIF legislation. For more information, please click here.


Contacts

Ohio Development Services Agency
https://www.development.ohio.gov/bs/bs_tif.htm