Tax Increment Financing



Overview


The City's tax increment financing (TIF) program identifies under-performing real estate in the City, develops redevelopment plans, works with private developers to implement these plans and reinvests a portion of property tax revenues generated from new real estate development into the area to encourage the implementation of the redevelopment plan. The City of Dallas currently has eighteen active TIF districts. The creation of new districts is considered based on set criteria and requires the approval of Dallas City Council.
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Tax Increment Financing Districts

  1. Uses
  2. Eligibility
  3. Process
  4. Affordable Housing

Uses


TIF funding is only paid to developers upon project completion. TIF dollars can be used generally to support projects that help the City implement the redevelopment plan for a specific area. There is a preference to use TIF funds to share in the cost for improvements to the public realm, including public infrastructure and amenities. TIF funds can also be used to assist developers and investors with extraordinary costs related to urban construction projects. TIF-funded public improvements include:
  • Wider sidewalks;
  • Buried utilities;
  • Landscaping;
  • Lighting;
  • Environmental remediation;
  • Demolition; and
  • Historic preservation.
All TIF grants are typically paid over a number of years out of property taxes paid by the project. Please see the specific TIF district documents for details on reimbursement policies.