Land Use & Zoning
A Maine municipality adopts a TIF (Tax Increment Financing) district to fund infrastructure improvements. In a TIF district:
AAll property taxes are frozen permanently
BThe increase in tax revenues from new development finances public improvements✓ Correct
CProperties are exempt from all taxes for 20 years
DPrivate developers pay no taxes
Explanation
In a TIF district, the additional (incremental) property taxes generated by new development within the district are used to finance public infrastructure improvements that support the development.
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