Land Use & Zoning
NH's Downtown Tax Increment Financing (TIF) districts are used to:
AReduce property taxes in residential neighborhoods
BFund public improvements in designated districts using the increment in tax revenues generated by new development✓ Correct
CExempt all downtown properties from taxation
DReplace all grant funding for municipalities
Explanation
TIF districts capture the increase (increment) in property tax revenues generated by new development in the district and dedicate it to fund public infrastructure improvements, catalyzing economic development.
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