Laserfiche WebLink
Tax Increment Financing <br />Properties combined currently pay $3,964 in property <br />taxes. <br />State/County paying $0.00 in taxes on 2 parcels they <br />own. <br />With TIF, after completion property would continue to <br />pay current taxes as well as 10% of the increment. <br />Property would be reimbursed 90% of the increment <br />for duration of TIF note. This would allow for <br />mortgage to be increased, thus reducing the gap.