Tax Increment Financing Growth in Iowa

Dave Swenson and Liesl Eathington

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: Tax increment financing (TIF) is a mechanism authorized by Iowa law allowing local governments, primarily cities, to capture the taxes collected on property valuation growth in a specified district. The incremental taxes are intended to be used for one or more of the following: bond payments on borrowing required to prepare the district for development; rebates on taxes to developers meeting specific, albeit locally determined, criteria; direct spending by the local government to develop an area; or outright tax refunds to qualifying developments. The use of TIF authority among Iowa’s cities is extremely popular. In fiscal 1991, there were 746 different TIF districts or projects in Iowa. By fiscal 1997 that number had increased to 1,014, and by fiscal 2006, it had increased to 2,358, a 133 percent increase in a nine year period. More cities are using TIF authority, there are many more TIF projects than there were a decade ago, and the amount of statewide property taxable valuation that is sequestered within TIF districts and therefore not available to the general funds of all local governments has also grown strongly over the years.

Date: 2006-04-01
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... 71a4a9a8f2ea/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:200604010800001038

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().