Tag Archives: Property tax

In the Know: Tax Incremental Financing (TIF)

Finance

With the ebbs and flows of property values and tax revenues received by local governments, a hot topic of debate involves the use of TIF (Tax Incremental Financing) to fund local infrastructure and revitalization projects. Black Mountain Software offers TIF management software specifically designed to automatically calculate tax by property and easily track multiple TIFs, but nothing can completely eliminate the complexity that TIFs add to a clerk’s accounting tasks. It does help to have a clear understanding of TIF basics, however. Below is a breakdown of what TIF is, how it works, and the key controversies that surround this financing tool. Read more >

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