Tax Increment Financing (TIF)

Commercial Development

Tax Increment Financing (TIF) is a development tool which allows cities in to pay a portion of redevelopment costs for a new development which is located in the state Enterprise Zone, in a Blighted Area, or a Conservation Area. The redevelopment costs are paid from the new incremental property and sales tax revenue generated by the new development. The existing property and sales tax revenue is “frozen” until the project generates sufficient revenue to pay for redevelopment costs agreed upon between the City and the developer of the project. Under Kansas law, these redevelopment costs may go toward public infrastructure improvements, including road and utility construction, as well as demolition of existing structures, but may not go toward private building construction.

 

Tax Increment Financing Policy

Application Procedure and Form

Map

Active TIF Projects

 

Contact:

Ron Shaver, Deputy City Attorney (913) 971-8938.