Neighborhood characteristics and the targeting of tax increment financing in Chicago

Article Abstract:

The study tests a number of explanations for the locations of tax increment financing (TIF) districts within a city by estimating Weibull duration models of the time to inclusion in a TIF district for neighborhoods in Chicago is presented. Results suggest that a neighborhood's hazard of inclusion in a TIF district is positively related to neighborhood distress, the presence of Empowerment Zones, and the passage of time and negatively related to a neighborhood's political influence.

Taxes

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The effects of tax increment financing on economic development

Article Abstract:

Data from the Chicago Metropolitan Area is employed in a study of the impact of tax increment financing (TIF), where property tax revenues are designated as dual-usage funds. Property value data from before and after the adoption of TIF tax policies is compared, and evidence is sighted to the effect that cities that use the TIF policy tend to grow more slowly than those that do not.

Illinois, Economic aspects, Economic development, Study and teaching, City planning, Urban planning

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Tax increment financing: interaction between two overlapping jurisdictions

Article Abstract:

Analysis of the interaction between two overlapping jurisdictions, a school district and a city are done when one of the cities uses tax increment financing to finance an improvement in the provision of its public good. In this study, both jurisdictions levy taxes on property providing different public goods.

Tax Law, Public Finance Activities, Property Taxes

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