Tax Increment Financing (TIF) « Back to Search Results
Tax Increment Financing (TIF)

Category: Local Incentives

The Community Redevelopment Laws allow for the increased property taxes generated by the improvement of blighted property to be used to pay for the financing of the redevelopment, known as tax increment financing or TIF. TIF in Beatrice provides a means of encouraging private investment in blighted and substandard areas by allowing city governments to devote all property tax revenue increases to repay the public investment needed to attract development. The City of Beatrice has established four (4) redevelopment areas where projects are available for TIF.