Tax Increment Financing |
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Authors: | Don Davis |
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Affiliation: | Community development director, Antioch, II |
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Abstract: | Tax Increment Financing (TIP) uses the increase in taxes resulting from an area's redevelopment to help subsidize the costs of redevelopment. The paper focuses on the mechanisms and problems of using real property tax increments under Illinois law. Two distinct methods of calculating tax increments, the "aggregate" and "parcel" methods, are examined. A briefcase study is provided. |
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