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REDEVELOPMENT AUTHORITIES, COMMUNITY DEVELOPMENT AUTHORITIES, AND HOUSING AUTHORITIES Scott R. Lettered City Attorney Nicole F. LarsenDeputy City AttorneyCity of Racine City Attorneys Office Municipal
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Tax increment financing is a financing method used by cities to encourage economic development in a specific area.
Property owners or developers in designated tax increment financing districts are required to file tax increment financing reports.
Tax increment financing forms can typically be obtained from the city or local government office, and must be completed with detailed information about the development project.
The purpose of tax increment financing is to promote growth and investment in specific areas by capturing the increased property tax revenue generated from the development.
Tax increment financing reports must include details about the development project, financial projections, and the expected impact on property tax revenue.
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