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Published byMyron Horn Modified over 9 years ago
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Tax Increment Financing Example An example to help in understanding tax increment is to visualize a vacant or under-utilized property in an urban renewal district that generates $1,000 in property taxes annually. If the owner, tenant, or a developer improves the property so that it generates $1,500 in property taxes annually, the $500 increase is called the Tax Increment. That amount goes into a special fund for improving the urban renewal district. When authorized by City Council, MRA may also issue bonds secured by tax increment revenue.
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MRA MRA Public Projects Parks and Trails Caras Bess Reed Clark Fork Natural Park Bank Street Pedestrian Mall Parking Structures and Lots Central Park Bank Street Parking Deck Bridges Northside Railroad Crossing California Street Bridge Orange Street Bridge Upgrades Farmers Market Evelyn Johnson Park Hilda St. Ditch Crossing Madison St. Pedestrian Bridge Station Drive Ditch Crossing Ten Other Parking Lots Downtown
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MRA MRA Public Projects (cont.) Streets and Alleys Sewer and Water Projects Street Trees Public Buildings City Hall County Courthouse Partnership Health Center City County Health Building Hellgate High School MUTD Transfer Center Missoula Fire Station Headquarters (Window Project and Auditorium Project) City/County Library Russell Smith Courthouse Art Museum of Missoula Purchase Central School
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