Tax Increment Financing
701 North 7th Street
Office Hours are Monday thru Friday, 8 a.m. to 5:00 p.m.
A Tax Increment Financing (TIF) District allows the Unified Government to use its power of eminent domain (i.e. condemnation) to acquire property needed for a development project and to use the funds generated by the tax increment (new property taxes generated by the project) in the project.
TIF Districts may exist for up to twenty (20) years per project. In accordance with Kansas Laws, these funds may only be used for TIF-eligible expenses, which include but are not limited to:
- Land Acquisition and Relocation (of families)
- Public Improvements (curbs, sidewalks, streets)
- Site Preparation (demolition)