Features-TIF-TigerHotel-Broadway-HotelTax-UsingTif-SidebarClickthruAbove, you see Johnny D. Veloper. Johnny wants to use tax-increment financing to build his new development. What does Johnny have to do?


  1. Apply: Johnny will have to fill out an application with the city. The application will ask for many things, including the condition of the property Johnny is developing, why TIF is needed and what community benefits the TIF project will have.


  1. Get approval: Johnny’s application will be vetted by the TIF Commission, a group of representatives from different taxing entities, and the city council.


  1. Build the property: Johnny will be responsible for developing the property as outlined in his proposal. This includes finding other forms of financing besides TIF.


  1. Generate higher assessed value: Johnny won’t start receiving TIF funds until his developed property passes a certain assessed value threshold — also known as a tax increment. Once Johnny’s property becomes valuable enough, he will start receiving money from TIF.


  1. Collect and use the agreed-upon amount: Johnny’s TIF will only pay out however much is outlined in his application. After that, the TIF period is over and Johnny will have to pay regular taxes on the property.


Disclaimer: Johnny D. Veloper may have to wait a few years — as of this writing, the city can’t permit any new TIF projects until 2020.

Recent News

DIY & Debt-free: The Rigdons’ Home Renovations on a Budget

Sometimes you hear a story that grabs you — someone does something heroic and it inspires you to try something heroic too. That’s what...

Nominate a high school senior for 20 Under 20!

We’re looking for Columbia’s next generation of young leaders to join 2018’s class of 20 Under 20, our annual list celebrating the young adults...

Smokestack Art and The Loop

At a recent conference in Winnipeg I had the pleasure of visiting The Forks, an area located at the junction of two large rivers....

Building a Successful Employee Wellness Program

This article appeared in print as part of “Doing Well: What’s the Real Value of Employee Wellness” In a 2010 Harvard Business Review article,...

CBT Wants Your Opinions!

  We want CBT to be a place where people can exchange ideas to make our community better. With that in mind, we’re going...