Tax Increment Financing (TIF)

The Swift County RDA is willing to consider the employment of Tax Increment Financing (TIF) for eligible projects. There are two types of Tax Increment Financing Districts available. The difference between a property's original property taxes and the property taxes due on a property after it has been improved (call the "tax increment") can be captured and use to help finance the project. In all cases the proposed project must pass what is called the "but-for test", meaning that unless Tax Increment Financing is utilized, the project will not be economically feasible.

Different rules apply to each type of TIF district (see on the right):