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snippet: Areas that are part of a Tax Increment Financing (TIF) district
summary: Areas that are part of a Tax Increment Financing (TIF) district
accessInformation: The City of Golden Valley, MN
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description: <DIV STYLE="text-align:Left;"><DIV><DIV><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Polygons representing active Tax Increment Financing (TIF) districts.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Tax Increment Financing (TIF) is a tool that can be used to facilitate growth within the city’s established Redevelopment Areas. Tax Increment Financing (TIF) uses the additional property taxes (the increment) that are paid as a result of a new development to pay for the development costs. The city must find that the development would not happen through solely private investment and that the new development will result in a net increase in market value for the site.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>The result of a TIF project is an increased tax base that will benefit all local taxing jurisdictions. Additionally, TIF districts usually spur economic development and redevelopment through creating jobs, removing blight, and providing more affordable housing.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Learn More about TIF Districts at: </SPAN></SPAN><A href="https://storymaps.arcgis.com/stories/bed7b9e77d4541549ad8097e390d90ea" STYLE="text-decoration:underline;"><SPAN STYLE="text-decoration:underline;"><SPAN>https://storymaps.arcgis.com/stories/bed7b9e77d4541549ad8097e390d90ea</SPAN></SPAN></A></P></DIV></DIV></DIV>
licenseInfo: <DIV STYLE="text-align:Left;"><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>The information provided on this site (the “Information”) is for reference purposes only and the City of Golden Valley (the “City”) does not guarantee the accuracy or completeness of the Information. The Information is not intended to be used for legal, engineering, surveying, or other official purposes. The Information is furnished on an ‘as is’ basis and the City provides no warranties, either express or implied, of the merchantability or fitness of the Information for any purpose. This disclaimer is provided pursuant to Minnesota Statutes § 466.03, subd. 21.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN> </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>For questions or comments, please contact the City of Golden Valley. </SPAN></SPAN></P><P /><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>City of Golden Valley – Community Development Department </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>7800 Golden Valley Rd </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Golden Valley, MN 55427 </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN>763-593-8030</SPAN></P></DIV>
catalogPath:
title: TIF Districts
type:
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tags: ["Golden Valley","Golden Valley MN","Hennepin County","Planning","Developments","Redevelopment","Land Use","Revitalization","Renewal","Taxes","Tax Increment Financing"]
culture: en-US
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