Tax Increment Financing takes the incremental tax dollars generated from new development and increased real property values within a designated area and uses these funds to pay for specific public improvements within a Tax Increment Reinvestment Zone (TIRZ). The values of the properties within this Zone or District are used to determine the annual increment. Generally municipality established, other taxing entities may also participate in TIF funding by contributing a portion of their incremental tax revenues. TIF Districts assist in financing the development and/or redevelopment of unimproved or blighted areas. TIF funds are used to pay for public improvements, such as roads, parking, drainage, water/sewer, sidewalks, utility location, and even public buildings and facilities. The actual projects to be funded and the anticipated tax increment expected to be generated from new development in the zone are laid out in a Project and Financing Plan.
TIF City & Zone Name Fort Worth #7 North Tarrant Parkway Fort Worth #12 E. Berry St. Renaissance Mansfield #2 Historic Mansfield |
Commissioners Precinct 2 2 2 1 1 3 1 1 1 & 4 1 3 1 1 & 4 3 1 1 1 4 3 2 2 2 3 3 3 4 3 |
Year Established 1998 2005 2007 2007 2002 2011 2013 1995 1997 2002 2003 2003 2003 2004 2006 2007 2012 2014 1998 2012 2006 2012 1998 1999 2009 2013 2013 |
Inactive |
Inactive 1 3 1 3 2 2 3 |
Inactive 2001 1998 2004 1996 1999 1999 1997 |
County Telephone Operator 817-884-1111
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