Land Use & Zoning
TIF (Tax Increment Financing) districts in Indiana cities like Indianapolis are used to:
AReduce property taxes in low-income areas
BCapture the increase in tax revenues generated by development to fund infrastructure improvements within the TIF district✓ Correct
CExempt new construction from property taxes for 10 years
DProvide grants to first-time homebuyers
Explanation
TIF districts capture the incremental increase in property tax revenues resulting from new development to finance public infrastructure (roads, utilities, parks) that supports and encourages that development.
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