Quote:
Originally Posted by west-town-brad
is this not effectively the same as a the Lincoln Yards TIF?
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Not really. A TIF is collecting taxes above the initial "value" and pooling/utilizing it for economic development. The taxing bodies in a TIF will not receive any additional taxes beyond the baseline until the TIF expires.
It sounds like the LSE area has instituted a special RE tax assessment above what the taxing bodies take to specifically pay for the improvements.