Economic Development

TIRZ

Tax Increment Reinvestment Zones

Tax increment financing (TIF) is a financing method local governments can use to pay for improvements that will draw private investment to an area. Tax increment financing isn’t a new tax; instead, it redirects some of the ad valorem tax from property in a geographic area designated as a Tax Increment Reinvestment Zone (TIRZ) to pay for improvements in the zone.

Benefits Of A TIRZ

The benefits of a TIRZ include:

View TIRZ Projects

(Source: Texas Comptroller of Public Accounts)