Land Use & Zoning
In Ohio, a 'tax increment financing' (TIF) district allows a municipality to:
AReduce property taxes for all property owners in the district
BCapture increased property tax revenue from new development to fund public infrastructure✓ Correct
CExempt new development from all state taxes
DForce property owners to sell for redevelopment
Explanation
TIF captures the increase in property tax revenues generated by new development within the TIF district and uses those funds to finance the public infrastructure improvements that enabled the development.
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